Last $18.89 USD
Change Today +0.12 / 0.64%
Volume 7.8M
RIG On Other Exchanges
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As of 4:15 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

transocean ltd (RIG) Snapshot

Open
$19.00
Previous Close
$18.77
Day High
$19.33
Day Low
$18.58
52 Week High
01/2/14 - $49.58
52 Week Low
12/16/14 - $15.97
Market Cap
6.8B
Average Volume 10 Days
20.5M
EPS TTM
$4.83
Shares Outstanding
362.2M
EX-Date
11/12/14
P/E TM
3.9x
Dividend
$3.00
Dividend Yield
14.89%
Current Stock Chart for TRANSOCEAN LTD (RIG)

transocean ltd (RIG) Details

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company provides deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. As of February 18, 2014, it owned or had partial ownership interests in, and operated 79 mobile offshore drilling units. The company had a fleet of 46 high-specification floaters, 22 midwater floaters, and 11 high-specification jackups. The company serves independent and government-controlled oil companies. Transocean Ltd. was founded in 1953 and is based in Vernier, Switzerland.

15,100 Employees
Last Reported Date: 02/27/14
Founded in 1953

transocean ltd (RIG) Top Compensated Officers

President, Chief Executive Officer, Director ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $731.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $631.7K
Senior Vice President of Finance and Controll...
Total Annual Compensation: $420.8K
Compensation as of Fiscal Year 2013.

transocean ltd (RIG) Key Developments

Transocean Ltd. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 03:35 PM

Transocean Ltd. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 03:35 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Steven L. Newman, Chief Executive Officer, President, Director and Member of Executive Risk Management Committee.

Transocean Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Losses for the Third Quarter of 2014

Transocean Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $2,270,000 compared to $2,449,000 for the same period of last year. Operating loss was $2,168,000 compared to operating income of $738,000 for the same period of last year. Loss from continuing operations before income tax expense was $2,278,000 compared to profit from continuing operations before income tax expense of $603,000 for the same period of last year. Loss from continuing operations was $2,262,000 or $6.12 per diluted share compared to profit from continuing operations of $540,000 or $1.48 per diluted share for the same period of last year. Net loss attributable to controlling interest was $2,217,000 or $6.12 per diluted share compared to net income attributable to controlling interest of $546,000 or $1.50 per diluted share for the same period of last year. Net cash provided by operating activities was $882,000 compared to $623,000 for the same period of last year. Capital expenditures were $365,000 compared to $450,000 for the same period of last year. Adjusted income from continuing operations before income taxes was $476,000 compared to $614,000 for the same period of last year. Adjusted net income was $352,000 or $0.96 per diluted share compared to $495,000 or $1.36 per diluted share for the same period of last year. The decrease in revenue was due primarily to lower revenue efficiency and an increase in out-of-service time, partly offset by the commencement of operations of the company's two ultra-deepwater new builds, Deepwater Asgard and Deepwater Invictus. For the nine months, operating revenues were $6,937,000 compared to $6,997,000 for the same period of last year. Operating loss was $731,000 compared to operating income of $1,819,000 for the same period of last year. Loss from continuing operations before income tax expense was $1,048,000 compared to profit from continuing operations before income tax expense of $1,392,000 for the same period of last year. Loss from continuing operations was $1,184,000 or $3.20 per diluted share compared to profit from continuing operations of $1,178,000 or $3.25 per diluted share for the same period of last year. Net loss attributable to controlling interest was $1,174,000 or $3.24 per diluted share compared to net income attributable to controlling interest of $1,174,000 or $3.23 per diluted share for the same period of last year. Net cash provided by operating activities was $1,654,000 compared to $1,145,000 for the same period of last year. Capital expenditures were $1,847,000 compared to $1,290,000 for the same period of last year. Adjusted income from continuing operations before income taxes was $1,783,000 compared to $1,545,000 for the same period of last year. Adjusted net income was $1,459,000 or $4.0 per diluted share compared to $1,228,000 or $3.38 per diluted share for the same period of last year. For the quarter, the company reported loss on impairment of goodwill and other assets of $2,768,000 compared to $17,000 reported a year ago.

Transocean Ltd. Provides Asset Impairment Guidance for the Third Quarter of 2014

Transocean Ltd. provided asset impairment guidance for the third quarter of 2014. The company expects its third quarter 2014 results to include a non-cash charge of $1.97 billion related to the impairment of goodwill. The charge is the result of impairment testing conducted due to the decline in the market valuation of the contract drilling business. The company also expects an impairment of the Deepwater Rig asset group of $788 million due to the deterioration of the market outlook, reflecting the recent decline in dayrates and utilization for this particular asset class.

 

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Industry Analysis

RIG

Industry Average

Valuation RIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.5x
Price/Cash Flow 37.2x
TEV/Sales NM Not Meaningful
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