Transocean (NYSE:RIG) announced its quarterly earnings data on Monday. The offshore drilling services provider reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.16, MarketWatch Earnings reports. The company had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $779.19 million. Transocean had a negative return on equity of 2.00% and a negative net margin of 99.38%. Transocean’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS.
Shares of Transocean stock opened at $10.40 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.49. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -173.33 and a beta of 1.47. Transocean has a one year low of $8.70 and a one year high of $14.47.
In related news, Director Vincent J. Intrieri purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were acquired at an average cost of $10.62 per share, with a total value of $106,200.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $106,200. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 14.09% of the stock is owned by insiders.
Transocean Company Profile
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 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups.
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