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RIG Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
6.080
Open
6.030
VWAP
5.96
Vol
48.18M
Mkt Cap
6.57B
Low
5.850
Amount
287.02M
EV/EBITDA(TTM)
8.85
Total Shares
1.11B
EV
12.06B
EV/OCF(TTM)
16.11
P/S(TTM)
1.54
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.
Show More

Events Timeline

(ET)
2026-04-16
06:30:00
Transocean Secures Five-Well Contract in Eastern Mediterranean Worth $158M
select
2026-04-02 (ET)
2026-04-02
16:40:00
Major U.S. Averages Mixed as Oil Prices Rise to $111.54
select
2026-04-02
12:30:00
Major Averages Decline as Oil Prices Rise
select
2026-04-02
06:20:00
Transocean Secures $1.0B Contract Awards in Norway and Brazil
select

News

Yahoo Finance
2.0
04-18Yahoo Finance
Crude Oil Price Drop Triggers Stock Market Volatility
  • Significant Oil Price Drop: Brent crude oil prices fell over 10% to below $90 per barrel, primarily due to a 10-day ceasefire between Israel and Lebanon and optimism surrounding U.S.-Iran negotiations, which alleviated market fears of supply disruptions and reduced the risk premium on oil prices.
  • Oilfield Services Companies Impacted: Transocean's stock fell 6.1%, Valaris dropped 6%, and RPC decreased by 8.5%, as these companies typically face pressure to cut capital expenditures when oil prices decline, leading to canceled contracts and idle equipment that negatively affect short-term performance.
  • Market Overreaction: The stock market's reaction to falling oil prices may be overly dramatic, and while there could be buying opportunities for high-quality stocks in the short term, the volatility in the oilfield services sector necessitates careful risk assessment by investors.
  • RPC Stock Performance: RPC has risen 19.3% since the beginning of the year, yet at $6.60 per share, it remains 9.9% below its 52-week high of $7.32, indicating a cautious market sentiment regarding its future performance, prompting investors to monitor its long-term growth potential.
NASDAQ.COM
2.0
04-17NASDAQ.COM
ETF Component Trading Dynamics Analysis
  • Highest Volume Component: On Friday, Venture Global saw over 20.3 million shares traded, with a price drop of approximately 10.2%, indicating market concerns about its outlook, which could undermine investor confidence.
  • Transocean's Poor Performance: The company's stock fell about 7.3% on a volume exceeding 18.6 million shares, reflecting negative sentiment regarding its operational status, which may lead to future financing challenges.
  • Weatherford International's Resilience: Despite a weak overall market, the company's stock rose approximately 2.4%, demonstrating its resilience in the current environment, potentially attracting funds seeking stable investments.
  • SM Energy's Continued Decline: As a component of the First Trust Nasdaq Oil & Gas ETF, SM Energy's stock dropped about 10.4%, indicating insufficient competitiveness in the industry, which may affect its future market share.
Yahoo Finance
2.0
04-17Yahoo Finance
Seadrill Shares Rise Following Transocean Contract Announcement
  • Industry Boost: Seadrill's shares rose 2.1% in the afternoon session following Transocean's announcement of a $158 million contract, indicating a positive outlook for high-specification ultra-deepwater drilling units amid improving market conditions.
  • Market Reaction: After an initial surge, Seadrill's shares cooled to $46.74, up 1.7% from the previous close, reflecting market interest in the sector but suggesting no fundamental change in the company's outlook.
  • Volatility Analysis: With 16 moves greater than 5% over the past year, today's increase indicates that the market views this news as significant, although it does not fundamentally alter perceptions of the business.
  • Year-to-Date Performance: Seadrill has gained 33.7% since the beginning of the year, trading close to its 52-week high of $48.58, demonstrating strong market performance and investor confidence in the company.
seekingalpha
8.5
04-16seekingalpha
Transocean Secures Five-Well Contract in Mediterranean
  • Contract Award: Transocean has secured a five-well contract for its Deepwater Asgard rig in the eastern Mediterranean, with operations expected to commence in Q4, further solidifying its market position.
  • Revenue Expectations: The estimated 390-day campaign is projected to add $158 million to Transocean's backlog, excluding additional services and mobilization costs, indicating strong demand in the deepwater drilling sector.
  • Backlog Growth: Since early April, Transocean's total backlog additions have reached approximately $1.6 billion through contracts for four other rigs in Norway and Brazil, reflecting the company's capacity for global market expansion.
  • Market Outlook: With rising day rates and cash flows, Transocean's business outlook is optimistic, suggesting long-term structural opportunities in the deep-sea drilling revival.
Newsfilter
8.5
04-16Newsfilter
Transocean Secures Five-Well Contract in Eastern Mediterranean
  • Contract Award: Transocean Ltd. announced a five-well contract in the Eastern Mediterranean with an undisclosed operator, expected to commence in Q4 2026, contributing approximately $158 million to the backlog, thereby enhancing its market position.
  • Backlog Growth: Since early April, Transocean's total backlog has increased by approximately $1.6 billion, including recent fixtures on the Transocean Barents in Norway and the Deepwater Orion, Aquila, and Corcovado in Brazil, indicating strong demand in the global market.
  • Market Positioning: As a leading international provider of offshore drilling services, Transocean specializes in technically demanding ultra-deepwater and harsh environment drilling, operating a fleet of 27 mobile offshore drilling units, which further solidifies its leadership in the industry.
  • Future Outlook: Despite facing uncertainties related to international operations and fluctuations in oil and gas prices, Transocean remains committed to driving business growth through continuous contract acquisition and technological innovation, demonstrating resilience and adaptability in the global offshore drilling market.
NASDAQ.COM
8.5
04-14NASDAQ.COM
Transocean Secures Contract Extension with Petrobras
  • Contract Extension: Transocean Ltd. announced a 1,156-day contract extension for the Deepwater Corcovado rig with Petrobras, expected to add approximately $445 million in incremental backlog, ensuring operations continue through November 2030.
  • Backlog Adjustment: Despite the significant backlog increase from the extension, the company anticipates a reduction of about $20 million in backlog during the period from April 1 until the extension commences in September 2027, reflecting short-term financial adjustments.
  • Net Additional Backlog: After accounting for the short-term reduction, the net additional backlog from the extension is approximately $425 million, which will provide robust support for the company's future revenue growth and enhance its competitive position in the market.
  • Market Reaction: In pre-market trading on the New York Stock Exchange, Transocean's stock rose by 0.08% to $6.64, while Petrobras' stock fell by 0.75% to $21.81, indicating a positive market response to the contract extension.
Wall Street analysts forecast RIG stock price to rise
7 Analyst Rating
Wall Street analysts forecast RIG stock price to rise
2 Buy
2 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
3.00
Averages
5.38
High
10.00
Current: 0.000
sliders
Low
3.00
Averages
5.38
High
10.00
Morgan Stanley
Equal Weight
maintain
$5 -> $7
AI Analysis
2026-04-15
New
Reason
Morgan Stanley
Price Target
$5 -> $7
AI Analysis
2026-04-15
New
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Transocean to $7 from $5 and keeps an Equal Weight rating on the shares. Beyond the Middle East disruption, the firm expects higher oil prices to be supportive of increased upstream capital spending, says the analyst, who notes that the firm's 2027/2028 EBITDA estimates are now about 6% above consensus on average for the firm's energy services and equipment coverage.
Susquehanna
Positive
maintain
$8
2026-04-07
Reason
Susquehanna
Price Target
$8
2026-04-07
maintain
Positive
Reason
Susquehanna raised the firm's price target on Transocean to $8 from $7.50 and keeps a Positive rating on the shares. The firm adjusted targets in oilfield services as part of a Q1 preview. The Iran conflict has been a "significant positive catalyst" for commodity prices and oil and gas stocks, the analyst tells investors in a research note. Susquehanna reduced estimates for oilfield services names with Middle East exposure due to increased expenses, disruptions, and some potential project delays. However, the medium- and long-term effects are now more positive for the sector as supply conditions tighten, adds the firm.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for RIG
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Valuation Metrics

The current forward P/E ratio for Transocean Ltd (RIG.N) is 3.74, compared to its 5-year average forward P/E of 25.75. For a more detailed relative valuation and DCF analysis to assess Transocean Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
25.75
Current PE
3.74
Overvalued PE
130.85
Undervalued PE
-79.35

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
7.93
Current EV/EBITDA
7.32
Overvalued EV/EBITDA
15.77
Undervalued EV/EBITDA
0.09

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.12
Current PS
1.74
Overvalued PS
1.49
Undervalued PS
0.75

Financials

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Whales Holding RIG

A
azValor Asset Management SGIIC, S.A.U.
Holding
RIG
+21.56%
3M Return
T
Tontine Management, LLC
Holding
RIG
+18.42%
3M Return
Z
Zimmer Partners, LP
Holding
RIG
+13.56%
3M Return
B
British Columbia Investment Management Corporation
Holding
RIG
+7.78%
3M Return
C
Contrarius Investment Management Ltd.
Holding
RIG
+5.78%
3M Return

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Frequently Asked Questions

What is Transocean Ltd (RIG) stock price today?

The current price of RIG is 5.94 USD — it has decreased -6.46

What is Transocean Ltd (RIG)'s business?

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.

What is the price predicton of RIG Stock?

Wall Street analysts forecast RIG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIG is5.38 USD with a low forecast of 3.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Transocean Ltd (RIG)'s revenue for the last quarter?

Transocean Ltd revenue for the last quarter amounts to 1.04B USD, increased 9.56

What is Transocean Ltd (RIG)'s earnings per share (EPS) for the last quarter?

Transocean Ltd. EPS for the last quarter amounts to 0.02 USD, increased 100.00

How many employees does Transocean Ltd (RIG). have?

Transocean Ltd (RIG) has 5600 emplpoyees as of April 19 2026.

What is Transocean Ltd (RIG) market cap?

Today RIG has the market capitalization of 6.57B USD.