RIG
Transocean Ltd.
NYSEUSDEQUITY
Energy
DELAYED
Neutral
-5/100
Last price
5.40
▼ 0.11 (1.96%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
5.54
Prev close
5.51
Day high
5.50
Day low
5.32
Volume
26.91M
Market cap
$6.03B
P/E (TTM)
—
52W range
3.07 – 7.66
Day trading desk
Gap from prior close
+0.54%
Prior close 5.51
VWAP
5.43
-0.45% from price
Relative volume
1.21×
Normal
Session range
4.62%
5.32 – 5.57
Position in range
32%
Mid range
ATR (14D)
0.18
3.29% of price
Prior day high
5.61
PDH
Prior day low
5.23
PDL
Bid / ask spread
—
Quote not published
Session volume
51.40M
Avg 42.45M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+3.65%
+1.7%
1M
-7.69%
-8.8%
3M
+3.25%
-1.3%
6M
-19.16%
-37.3%
YTD
+30.75%
+16.5%
1Y
+60.24%
+43.8%
3Y
-34.23%
-116.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on RIG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
103.34M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 2, 26 | DEATON CHADWICK C. Director |
BUY | 35.00K | $173.25K | Direct |
| May 22, 26 | MOHN FREDERIK WILHELM Director |
CONVERSION | 82.35K | $560.82K | Direct |
| May 22, 26 | DEATON CHADWICK C Director |
CONVERSION | 82.35K | $560.82K | Direct |
| May 22, 26 | LACEY WILLIAM F. Director |
CONVERSION | 82.35K | $560.82K | Direct |
| May 1, 26 | ADAMSON KEELAN I Chief Executive Officer |
— | 180.93K | — | Direct |
| Mar 4, 26 | MACKENZIE, RODERICK JAMES Officer |
SELL | 78.37K | $498.43K | Direct |
| Feb 27, 26 | ADAMSON KEELAN I Chief Executive Officer |
CONVERSION | 318.18K | $1.99M | Direct |
| Feb 27, 26 | VAYDA ROBERT THADDEUS Chief Financial Officer |
CONVERSION | 156.67K | $979.20K | Direct |
| Feb 27, 26 | PACK JASON BAKER Officer |
CONVERSION | 69.57K | $434.81K | Direct |
| Feb 27, 26 | MACKENZIE, RODERICK JAMES Officer |
CONVERSION | 156.46K | $977.89K | Direct |
| Feb 27, 26 | THIGPEN JEREMY D Officer and Director |
CONVERSION | 610.98K | $3.82M | Direct |
| Feb 27, 26 | LONG BRADY K Officer |
CONVERSION | 218.18K | $1.36M | Direct |
| Feb 5, 26 | ADAMSON KEELAN I Chief Executive Officer |
— | 130.74K | — | Direct |
| Feb 5, 26 | VAYDA ROBERT THADDEUS Chief Financial Officer |
— | 34.73K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Fundamentals
Market cap$6.03B
Enterprise value$10.64B
Revenue (TTM)$4.12B
Gross profit$1.75B
EBITDA$1.57B
Net income$-1.66B
EPS (TTM)$-1.57
Free cash flow$893.88M
Total cash$509.00M
Total debt$5.12B
Book value / share$7.49
Shares outstanding1.12B
Float923.62M
Short % of float27.32%
Dividend yield0.00%
Beta (5Y)1.41
Valuation & profitability ratios
Trailing P/E—
Forward P/E18.87
PEG ratio1.17
Price / sales—
Price / book0.72
EV / revenue2.58
EV / EBITDA6.78
Gross margin42.47%
Operating margin17.39%
Profit margin-40.24%
Return on equity-18.70%
Return on assets3.68%
Debt / equity61.16
Current ratio1.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.96B | $3.52B | $2.83B | $2.58B | +12.5% |
| Operating revenue | $3.96B | $3.52B | $2.83B | $2.58B | +12.5% |
| Cost of revenue | $659.00M | $739.00M | $744.00M | $735.00M | -10.8% |
| Gross profit | $3.31B | $2.79B | $2.09B | $1.84B | +18.7% |
| Selling, general & admin | $195.00M | $214.00M | $187.00M | $182.00M | -8.9% |
| Total operating expense | $2.60B | $2.41B | $2.17B | $1.86B | +7.8% |
| Operating income | $705.00M | $372.00M | -$85.00M | -$21.00M | +89.5% |
| Net interest income | -$515.00M | -$312.00M | -$594.00M | -$534.00M | -65.1% |
| Pre-tax income | -$2.95B | -$523.00M | -$941.00M | -$562.00M | -463.7% |
| Tax provision | -$33.00M | -$11.00M | $13.00M | $59.00M | -200.0% |
| Net income | -$2.92B | -$512.00M | -$954.00M | -$621.00M | -469.3% |
| Net income to common | -$2.92B | -$512.00M | -$954.00M | -$621.00M | -469.3% |
| Basic EPS | -3.04 | -0.60 | -1.24 | -0.89 | -406.7% |
| Diluted EPS | -3.04 | -0.76 | -1.24 | -0.89 | -300.0% |
| EBIT | -$2.39B | -$161.00M | -$295.00M | -$1.00M | -1,386.3% |
| EBITDA | -$1.73B | $582.00M | $501.00M | $851.00M | -397.9% |
| Basic shares | 960.00M | 850.00M | 768.00M | 699.00M | +12.9% |
| Diluted shares | 960.00M | 925.00M | 768.00M | 699.00M | +3.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $620.00M | $560.00M | $762.00M | $683.00M | — | +10.7% |
| Cash & short-term investments | $620.00M | $560.00M | $762.00M | $683.00M | — | +10.7% |
| Accounts receivable | $540.00M | $564.00M | $512.00M | $485.00M | — | -4.3% |
| Inventory | $378.00M | $439.00M | $426.00M | $388.00M | — | -13.9% |
| Total current assets | $2.08B | $2.45B | $2.13B | $2.01B | — | -15.1% |
| Property, plant & equipment | $12.58B | $15.83B | $16.94B | $17.47B | — | -20.6% |
| Goodwill & intangibles | — | $0 | $4.00M | $56.00M | $173.00M | — |
| Total assets | $15.64B | $19.37B | $20.25B | $20.44B | — | -19.3% |
| Total current liabilities | $1.34B | $1.66B | $1.40B | $1.56B | — | -19.7% |
| Current debt | $445.00M | $686.00M | $370.00M | $719.00M | — | -35.1% |
| Long-term debt | $5.21B | $6.20B | $7.04B | $6.63B | — | -15.9% |
| Total debt | $5.97B | $7.25B | $7.85B | $7.82B | — | -17.6% |
| Total liabilities | $7.53B | $9.09B | $9.84B | $9.64B | — | -17.1% |
| Retained earnings | -$7.46B | -$4.54B | -$4.03B | -$3.08B | — | -64.1% |
| Shareholder equity | $8.11B | $10.28B | $10.41B | $10.79B | — | -21.2% |
| Working capital | $745.00M | $789.00M | $729.00M | $450.00M | — | -5.6% |
| Net tangible assets | $8.11B | $10.28B | $10.41B | $10.73B | — | -21.2% |
| Shares issued | 1.20B | 940.83M | 843.72M | 797.24M | — | +28.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$2.92B | -$512.00M | -$954.00M | -$621.00M | -469.3% |
| Depreciation & amortisation | $659.00M | $743.00M | $796.00M | $852.00M | -11.3% |
| Stock-based compensation | $35.00M | $47.00M | $40.00M | $29.00M | -25.5% |
| Change in working capital | -$109.00M | -$242.00M | -$216.00M | -$94.00M | +55.0% |
| Operating cash flow | $749.00M | $447.00M | $164.00M | $448.00M | +67.6% |
| Capital expenditure | -$123.00M | -$254.00M | -$427.00M | -$717.00M | +51.6% |
| Investing cash flow | -$33.00M | -$151.00M | -$423.00M | -$757.00M | +78.1% |
| Financing cash flow | -$660.00M | -$350.00M | $263.00M | -$112.00M | -88.6% |
| Free cash flow | $626.00M | $193.00M | -$263.00M | -$269.00M | +224.4% |
| End cash position | $997.00M | $941.00M | $995.00M | $991.00M | +6.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $966.00M | $1.08B | $1.04B | $1.03B | $988.00M | — | -10.6% |
| Operating revenue | $966.00M | $1.08B | $1.04B | $1.03B | $988.00M | — | -10.6% |
| Cost of revenue | $148.00M | $143.00M | $147.00M | $161.00M | $175.00M | — | +3.5% |
| Gross profit | $818.00M | $938.00M | $896.00M | $867.00M | $813.00M | — | -12.8% |
| Selling, general & admin | $56.00M | $49.00M | $50.00M | $46.00M | $49.00M | — | +14.3% |
| Total operating expense | $664.00M | $655.00M | $655.00M | $630.00M | $648.00M | — | +1.4% |
| Operating income | $154.00M | $283.00M | $241.00M | $237.00M | $165.00M | — | -45.6% |
| Net interest income | $32.00M | -$266.00M | -$163.00M | -$142.00M | -$102.00M | — | +112.0% |
| Pre-tax income | $184.00M | $17.00M | $82.00M | -$1.90B | -$1.09B | — | +982.4% |
| Tax provision | $14.00M | -$54.00M | $57.00M | $26.00M | -$155.00M | — | +125.9% |
| Net income | $170.00M | $71.00M | $25.00M | -$1.92B | -$938.00M | — | +139.4% |
| Net income to common | $170.00M | $71.00M | $25.00M | -$1.92B | -$938.00M | — | +139.4% |
| Basic EPS | 0.15 | 0.06 | — | -2.00 | -1.06 | -0.09 | +150.0% |
| Diluted EPS | 0.04 | 0.06 | — | -2.00 | -1.06 | -0.11 | -33.3% |
| EBIT | $154.00M | $293.00M | $255.00M | -$1.74B | -$981.00M | — | -47.4% |
| EBITDA | $302.00M | $436.00M | $402.00M | -$1.58B | -$806.00M | — | -30.7% |
| Basic shares | 1.12B | 1.11B | — | 961.00M | 888.00M | 883.00M | +1.0% |
| Diluted shares | 1.20B | 1.12B | — | 961.00M | 888.00M | 958.00M | +6.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $509.00M | $330.00M | $620.00M | $833.00M | $377.00M | +54.2% |
| Cash & short-term investments | $509.00M | $330.00M | $620.00M | $833.00M | $377.00M | +54.2% |
| Accounts receivable | $604.00M | $638.00M | $540.00M | $574.00M | $577.00M | -5.3% |
| Inventory | $379.00M | $383.00M | $378.00M | $382.00M | $427.00M | -1.0% |
| Total current assets | $1.91B | $1.77B | $2.08B | $2.42B | $2.00B | +8.3% |
| Property, plant & equipment | $12.34B | $12.46B | $12.58B | $12.69B | $14.75B | -0.9% |
| Total assets | $15.17B | $15.15B | $15.64B | $16.17B | $17.81B | +0.1% |
| Total current liabilities | $1.20B | $1.15B | $1.34B | $2.23B | $1.58B | +4.8% |
| Current debt | $397.00M | $329.00M | $445.00M | $1.37B | $666.00M | +20.7% |
| Long-term debt | $4.72B | $4.95B | $5.21B | $4.85B | $5.88B | -4.5% |
| Total debt | $5.12B | $5.27B | $5.97B | $6.22B | $6.55B | -2.9% |
| Total liabilities | $6.80B | $6.96B | $7.53B | $8.10B | $8.46B | -2.3% |
| Retained earnings | -$7.22B | -$7.39B | -$7.46B | -$7.49B | -$5.56B | +2.3% |
| Shareholder equity | $8.37B | $8.19B | $8.11B | $8.08B | $9.35B | +2.2% |
| Working capital | $709.00M | $618.00M | $745.00M | $182.00M | $418.00M | +14.7% |
| Net tangible assets | $8.37B | $8.19B | $8.11B | $8.08B | $9.35B | +2.2% |
| Shares issued | 1.12B | 1.20B | 1.20B | 1.20B | 1.20B | -7.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $170.00M | $71.00M | $25.00M | -$1.92B | -$938.00M | +139.4% |
| Depreciation & amortisation | $148.00M | $143.00M | $147.00M | $161.00M | $175.00M | +3.5% |
| Stock-based compensation | $7.00M | $8.00M | $9.00M | $10.00M | $8.00M | -12.5% |
| Change in working capital | $33.00M | -$154.00M | $81.00M | -$33.00M | -$84.00M | +121.4% |
| Operating cash flow | $236.00M | $164.00M | $349.00M | $246.00M | $128.00M | +43.9% |
| Capital expenditure | -$24.00M | -$28.00M | -$28.00M | -$11.00M | -$24.00M | +14.3% |
| Investing cash flow | -$25.00M | $10.00M | $14.00M | $23.00M | -$12.00M | -350.0% |
| Financing cash flow | -$31.00M | -$556.00M | -$616.00M | $209.00M | -$35.00M | +94.4% |
| Free cash flow | $212.00M | $136.00M | $321.00M | $235.00M | $104.00M | +55.9% |
| End cash position | $795.00M | $615.00M | $997.00M | $1.25B | $772.00M | +29.3% |
Options analytics
Put / call volume
0.86
Call-heavy session
Put / call open interest
0.42
Positioning, not flow
Max pain
5.50
+1.9% from spot
ATM implied vol
51.6%
Nearest strike to spot
Skew (10% OTM)
-15.6%
Calls bid over puts
Call volume
608
Contracts, this expiry
Put volume
522
Contracts, this expiry
Heaviest call OI
7.00
2.20K contracts
Heaviest put OI
5.50
1.29K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.01 | 0.03 | +128.1% |
| Mar 2026 | 0.08 | -0.03 | -136.1% |
| Dec 2025 | 0.07 | 0.02 | -72.9% |
| Sep 2025 | 0.03 | 0.06 | +90.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.02 | 9 | $942.79M | -8.3% |
| Next quarter | 0.06 | 8 | $954.98M | -8.4% |
| Current year | 0.16 | 8 | $3.94B | -0.6% |
| Next year | 0.29 | 9 | $3.89B | -1.2% |
Analyst targets & ownership
Mean target$6.55
High target$10.00
Low target$4.50
Implied upside21.33%
Analyst count12
ConsensusBUY
Strong buy / Buy1 / 5
Hold5
Sell / Strong sell0 / 2
Held by insiders9.25%
Held by institutions96.35%
Institutions holding684
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.33
+1.29% from price
SMA 20
5.48
-1.50% from price
SMA 50
5.57
-2.99% from price
SMA 100
5.66
-4.52% from price
SMA 200
5.69
-5.16% from price
EMA 12
5.39
+0.21% from price
EMA 26
5.49
-1.55% from price
EMA 50
5.55
-2.61% from price
RSI (14)
47.0
Neutral
MACD (12,26,9)
-0.10
Hist -0.01
ATR (14)
0.18
3.29% of price
Realised vol 30D
48.1%
Annualised
Bollinger upper
5.88
20, 2σ
Bollinger lower
5.08
20, 2σ
50 / 200 cross
Death
5.57 vs 5.69
Trend bias
Below 200
-5.16%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.62
Less volatile than market
Correlation to SPY
0.16
Largely independent
Realised vol 30D
48.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-35.8%
Peak to trough
Max drawdown 5Y
-75.8%
Peak to trough
ATR 14
0.18
3.29% of price
Beta (reported)
1.41
5Y monthly, from filing
Short interest
Shares short
277.76M
Prior 268.85M
Change vs prior
+3.3%
Shorts adding
% of float
27.32%
Heavily shorted
% of shares out
24.87%
Against total outstanding
Days to cover
6.9
Crowded exit
Float
923.62M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 12, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 8, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| May 7, 26 | Barclays | UPGRADE | Equal-Weight | Overweight |
| May 6, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Apr 15, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 7, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Feb 23, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 23, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Feb 18, 26 | Barclays | DOWNGRADE | Overweight | Equal-Weight |
| Feb 9, 26 | BTIG | MAINTAINED | Buy | Buy |
| Feb 2, 26 | BTIG | MAINTAINED | Buy | Buy |
| Jan 7, 26 | Susquehanna | MAINTAINED | Positive | Positive |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield3.52%
Payout ratio0.00%
Ex-dividend dateAug 21, 2015
Next pay date—
Last split6996:10000
Split dateNov 27, 2007
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-30
Corporate Changes & Voting Matters
8-K · 2026-09-15
Corporate Changes & Voting Matters
8-K · 2026-08-20
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-05
Proxy Statements
DEFA14A · 2026-07-01
Corporate Changes & Voting Matters
8-K · 2026-06-16
Corporate Changes & Voting Matters
8-K · 2026-05-26
Headlines
Transocean Moves Ahead With $5.8B Valaris Deal After DOJ Nod
Zacks · 5d ago
Valaris Says Merger Deal With Transocean Clears US Antitrust Hurdle
MT Newswires · 6d ago
1 Cash-Producing Stock Worth Your Attention and 2 Facing Challenges
StockStory · 12d ago
Transocean (RIG) Scores an $80 Million Deepwater Contract in Africa
Insider Monkey · 16d ago
Transocean Boosts Backlog With New Deepwater Conqueror Deal
Zacks · 20d ago
Is Transocean (RIG) Stock Outpacing Its Oils-Energy Peers This Year?
Zacks · 21d ago
Transocean (RIG) Stock Stays Near Fair Value With Cash Flow In Focus
Simply Wall St. · 21d ago
Transocean (RIG) Stock Trades Up, Here Is Why
StockStory · 21d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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