How to Buy Transocean Stock
Transocean Ltd
Transocean is a oil & gas drilling company located in Switzerland, which is part of the Energy sector, and is traded under the ticker RIG on the NYSE exchange.
Transocean stock last closed at $2.13, down 3.18% from the previous day, and has decreased 59.2% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.11 percentage points. Transocean stock is currently +8.12% from its 52-week low of $1.97, and -66.61% from its 52-week high of $6.38.
There are currently 883.26M RIG shares outstanding. The market cap of RIG is $1.88B. In the past 24 hours, 48.6M RIG shares were traded.
How to Buy Transocean Stock
Wondering how to invest in Transocean stock? Here's how.
- Decide where to buy Transocean stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Transocean stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your method of payment and add your info.
- Research Transocean stock: The Transocean ticker symbol is RIG. Is Transocean stock a good investment? Should you buy shares of RIG? How do RIG's underlying business fundamentals look? Do top analysts think Transocean is a good buy? Why has RIG's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if RIG is a good stock to buy).
- Place your RIG buy order: Decide if you will purchase RIG shares at the current market price or use a limit order to buy RIG stock at a specific price.
- Keep tabs on your investment in RIG: Create a watchlist to important updates regarding your investment in Transocean shares.
Step 1: Decide where to buy Transocean stock
You need an online brokerage account in order to access the NYSE market and buy RIG shares.
Our favorite brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you can buy RIG stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on apps for stocks, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing money into your new brokerage account.
Step 4: Research Transocean stock
After you have selected the best place to buy Transocean stock, it's absolutely critical to analyze their stock prior to investing, so you can understand the risk as well as the upside.
Transocean quick stats
RIG Overview
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on RIG's stock page.
Is RIG stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RIG's intrinsic value.
Using relative valuations ratios:
- RIG could be undervalued based on its P/B ratio of 0.18x, relative to Oil & Gas Drilling industry P/B ratio of 0.5x
You can access more valuation research on RIG's stock here.
A quick look at RIG Financials
Passed Health Checks:
- Total RIG debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the RIG balance sheet.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the RIG balance sheet.
- RIG has a relatively high debt to equity ratio of 0.86.
- RIG profit margin has gone down from -13.3% to -18.8% in the past year.
- RIG's operating cash flow of $559.00M allows it to safely service it's debt of $6.65B.
- RIG earnings of -$109.00M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy Transocean stock
Out of 7 sell side analysts who give recommendations on RIG, the consensus analyst rating on Transocean is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest RIG Analyst Ratings
Marc Bianchi, a top 27% analyst from TD Cowen maintains RIG with a hold rating and lowers their RIG price target from $6.50 to $5.50, on Jan 8, 2025.
Arun Jayaram, a top 20% analyst from JP Morgan upgrades RIG to a hold rating and announces their RIG price target of $5.00, on Dec 6, 2024.
You can dive deeper into what analysts are projecting on the Transocean stock forecast page.
RIG Trading Indicators
How is RIG performing as a company?
Last year, RIG revenue was $3.67B. During the last 5 year, RIG's revenue has increased by 3.46% per year. This was slower than the Oil & Gas Drilling industry average of 40.12%.
Find out more about RIG's earnings and revenue performance here.
Latest Insiders Trades at RIG
In the past year, insiders at RIG have bought more shares than they have sold.
Roderick James MacKenzie, EVP Chief Commercial Officer of RIG, was the latest RIG insider to sell. They sold $49,060.00 worth of RIG stock on Apr 11, 2025.
Learn more about who owns RIG stock here.
Can I get consistent income from RIG stock?
No, Transocean doesn't provide an income stream by paying out dividends.
What do other investors have to say about RIG?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your RIG buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in RIG
Now that you own some RIG stock, you'll want to keep up with your shares.
Put RIG on a watchlist to get alerted to the latest events about your RIG stock.
RIG Feed
How to Buy Stock in Transocean
To reiterate, here are the 6 steps for buying Transocean stock:
- Decide where to buy Transocean stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Transocean stock
- Place your RIG buy order
- Keep tabs on your investment in RIG
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Transocean, click the button below.
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