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Last $19.01 USD
Change Today -0.29 / -1.50%
Volume 9.4M
RIG On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
SIX Swiss Ex
SIX Swiss Ex
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

transocean ltd (RIG) Snapshot

Open
$19.23
Previous Close
$19.30
Day High
$19.25
Day Low
$18.65
52 Week High
06/23/14 - $46.12
52 Week Low
03/16/15 - $13.28
Market Cap
6.9B
Average Volume 10 Days
11.9M
EPS TTM
$-0.84
Shares Outstanding
363.4M
EX-Date
05/27/15
P/E TM
--
Dividend
$0.60
Dividend Yield
12.62%
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 primarily offers deepwater and harsh environment drilling services. As of February 17, 2015, it owned or had partial ownership interests in, and operated 71 mobile offshore drilling units that consist of 44 high-specification floaters, 17 midwater floaters, and 10 high-specification jackups. The company serves government-controlled and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Vernier, Switzerland.

13,100 Employees
Last Reported Date: 03/13/15
Founded in 1953

transocean ltd (RIG) Top Compensated Officers

Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $664.2K
Senior Vice President and General Counsel
Total Annual Compensation: $604.6K
Senior Vice President of Finance and Controll...
Total Annual Compensation: $437.5K
Compensation as of Fiscal Year 2014.

transocean ltd (RIG) Key Developments

Transocean Ltd. Announces Executive Changes

On May 27, 2015, Transocean Ltd. announced that Esa T. Ikaheimonen and the company have mutually agreed to Mr. Ikaheimonen stepping down as Executive Vice President and Chief Financial Officer of the company, effective May 27, 2015. Concurrently, on May 27, 2015, the company announced that Mark Mey has been named as successor to Mr. Ikaheimonen in the role of Executive Vice President and Chief Financial Officer of the company, effective May 28, 2015. Mr. Mey most recently served as Executive Vice President and Chief Financial Officer of Atwood Oceanics, where he has served in executive management since August 2010. Including his almost five years at Atwood, he has over 28 years of experience in the energy and financial services industries in both the United States and South Africa. Prior to Atwood, Mr. Mey was Senior Vice President and Chief Financial Officer and Director of Scorpion Offshore Ltd.

Transocean Ltd. Approves Dividend; Appoints Merrill A. Miller, Jr. as Chairman of the Board of Directors

Transocean Ltd. announced that the company's shareholders approved at the 2015 Annual General Meeting a U.S. dollar-denominated dividend of $0.60 per share, or approximately $218 million in the aggregate (based upon the number of currently outstanding shares), out of additional paid-in capital. The Board expects that the dividend will be payable in four quarterly installments set for June 2015, September 2015, December 2015, and March 2016. In addition, shareholders elected all director and compensation committee nominees, and elected Merrill A. 'Pete' Miller, Jr. as Chairman of the Board of Directors.

Transocean Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment Losses for the First Quarter of 2015; Provides Earnings Guidance for the Year 2015

Transocean Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's operating revenues were $2,043 million compared with $2,339 million a year ago. The decrease was due primarily to reduced activity associated with stacked and idle rigs, and asset disposals, partly offset by fewer out-of-service days. Operating loss was $321 million compared with operating income of $672 million a year ago. Loss from continuing operations before income tax expense was $384 million compared with income of $554 million a year ago. Loss from continuing operations was $467 million or $1.32 per basic and diluted share compared with income of $474 million or $1.27 per basic and diluted share a year ago. Net loss was $469 million or $1.33 per basic and diluted share compared with net income of $466 million or $1.25 per basic and diluted share a year ago. Net cash provided by operating activities was $526 million compared with $136 million a year ago. Capital expenditures were $201 million compared with $1,131 million a year ago. The decrease was due primarily to lower project costs on the existing fleet. Adjusted income from continuing operations before income taxes was $555 million compared with $624 million a year ago. Net income, as adjusted was $398 million or $1.10 per diluted share. The company announced loss on impairment of $936 million for the first quarter ended March 31, 2015. The company also announced loss on impairment of goodwill and other assets of $62 million for the first quarter of 2015. For the year 2015, the company still anticipates achieving revenue efficiency of 95%. The company expects depreciation expense to be between $1.1 billion and $1.2 billion, a slight increase in the low end of prior expectation that reflects a reduction in the salvage value of certain drilling rigs. The company expects interest expense net of interest income and capitalized interest to be between $430 million and $450 million. Capitalized interest and interest income are expected to be approximately $130 million and $20 million, respectively. 2015 annual effective tax rate from continuing operations is expected to be within the range of 23% to 27%. This expectation reflects an updated forecast for each of rigs as well as it includes non-changes in legislation. The company now expects 2015 capital expenditures to be slightly lower at about $1.7 billion, including $1.3 billion associated with new build program.

 

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Industry Analysis

RIG

Industry Average

Valuation RIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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