Transocean

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About RIG

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 

CEO
Keelan I. Adamson
CEOKeelan I. Adamson
Employees
5,600
Employees5,600
Headquarters
Steinhausen, Zug
HeadquartersSteinhausen, Zug
Founded
1953
Founded1953
Employees
5,600
Employees5,600

RIG Key Statistics

Market cap
7.60B
Market cap7.60B
Price-Earnings ratio
-2.20
Price-Earnings ratio-2.20
Dividend yield
Dividend yield
Average volume
37.02M
Average volume37.02M
High today
$6.94
High today$6.94
Low today
$6.70
Low today$6.70
Open price
$6.82
Open price$6.82
Volume
34.33M
Volume34.33M
52 Week high
$7.14
52 Week high$7.14
52 Week low
$2.27
52 Week low$2.27

Stock Snapshot

Transocean(RIG) stock is priced at $6.75, giving the company a market capitalization of 7.6B. It carries a P/E multiple of -2.20.

During the trading session on 2026-05-05, Transocean(RIG) shares reached a daily high of $6.94 and a low of $6.70. At a current price of $6.75, the stock is +0.7% higher than the low and still -2.7% under the high.

Trading activity shows a volume of 34.33M, compared to an average daily volume of 37.02M.

Over the past 52 weeks, Transocean(RIG) stock has traded between a high of $7.14 and a low of $2.27.

Over the past 52 weeks, Transocean(RIG) stock has traded between a high of $7.14 and a low of $2.27.

RIG News

TipRanks 5h
Transocean Delivers Strong Q1 2026 Results, Grows Backlog

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of mark...

TipRanks 7h
Transocean provides quarterly fleet status; announces total backlog $7.1B

Transocean (RIG) issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drill...

TipRanks 7h
Transocean reports Q1 adjusted EPS (3c), consensus 8c

Reports Q1 revenue $1.08B, consensus $1.03B. As of May 4, 2026, the total backlog is approximately $7.1B. “The Transocean (RIG) team delivered exceptional perfo...

Analyst ratings

50%

of 16 ratings
Buy
18.8%
Hold
50%
Sell
31.3%

More RIG News

Investor's Business Daily 9h
Oil Stocks Eye Buy Points; Diamondback Leads Energy Earnings

Diamondback Energy (FANG) prepares to report earnings after the market close on Monday, along with Transocean (RIG) and Tidewater (TDW). Several oil stocks trad...

Oil Stocks Eye Buy Points; Diamondback Leads Energy Earnings
Simply Wall St 4d
Transocean Contract Win And Debt Move Reframe Backlog And Valuation

Transocean (NYSE:RIG) has secured a multi year contract for the Barents rig in Norway, adding US$490 million to its backlog. The company has also chosen to ful...

Transocean Contract Win And Debt Move Reframe Backlog And Valuation
Simply Wall St 6d
Transocean Is Up 12.2% After $1.6 Billion Backlog Boost From New Offshore Contracts

Earlier in April 2026, Transocean Ltd. announced that its Deepwater Asgard rig secured a five-well contract in the Eastern Mediterranean, an estimated 390-day c...

Transocean Is Up 12.2% After $1.6 Billion Backlog Boost From New Offshore Contracts
Simply Wall St 7d
Assessing Transocean Valuation After New Deepwater Contracts Expand Backlog

Transocean (RIG) is back in focus after new client announcements added fresh work to its ultra deepwater fleet, including a five well Eastern Mediterranean camp...

Assessing Transocean Valuation After New Deepwater Contracts Expand Backlog

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