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 $5.55, down 2.29% from the previous day, and has decreased 16.16% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.14 percentage points. Transocean stock is currently +24.72% from its 52-week low of $4.45, and -37.5% from its 52-week high of $8.88.
As of Apr 18, 2024, there are 766.66M shares of RIG outstanding. The market capitalization of RIG is $4.25B. In the last 24 hours, 26.14M RIG shares were traded.
How to Buy Transocean Stock
Not sure 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 sifted through dozens of online brokerages and apps to help you figure out 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: Pick 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 analysis website can help you evaluate 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 purchase RIG stock at a particular price.
- Keep tabs on your investment in RIG: Create a watchlist to get live updates on your investment in Transocean stock.
Step 1: Decide where to buy Transocean stock
You will need an online brokerage account in order to access the NYSE market and buy RIG shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you can invest in RIG stock today.
How to Set Up a New Investment 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 details to open your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Research Transocean stock
After you have decided on the best place to buy Transocean stock, it's crucial to analyze their stock before you invest, so you can comprehend the risk and upside.
Transocean Metrics
RIG Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis quickly.
You can see all of the due diligence checks on RIG's stock page.
Is RIG stock properly valued?
You can 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 0.41x, relative to Oil & Gas Drilling industry P/B ratio of 0.97x
You can do more valuation analysis on RIG's stock here.
RIG Financials at a glance
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.
- RIG has cash burn of 263000000. It has sufficient cash and short-term investments to cover this for at least one year.
- RIG has $995.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $263.00M.
Failed Health Checks:
- RIG profit margin has gone down from -24.1% to -33.7% in the past year.
- RIG has a relatively high debt to equity ratio of 0.95.
- There are more long-term liabilities than short-term assets on the RIG balance sheet.
Do analysts think it's a good time to buy Transocean stock
Out of 7 Equities analysts who give forecasts on RIG, the consensus analyst rating on RIG is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest RIG Analyst Recommendations
Scott Gruber, a top 12% analyst from Citigroup maintains RIG with a strong buy rating and lowers their RIG price target from $9.00 to $7.00, on Feb 21, 2024.
Doug Becker, a top 20% analyst from Capital One Financial initiates coverage on RIG with a buy rating and announces their RIG price target of $8.00, on Nov 28, 2023.
You can dig deeper into what analysts are saying on the Transocean stock forecast page.
RIG Technical Indicators
RIG Growth Metrics
Last year, RIG revenue was $2.83B. Over the past five year, RIG's revenue has gone up by -1.26% per year. This was slower than the Oil & Gas Drilling industry average of 33.48%.
Dive into RIG's earnings and revenue performance here.
Are RIG insiders buying or selling the stock?
In the last 12 months, insiders at RIG have bought more shares than they have sold.
Keelan Adamson, PRESIDENT AND COO of RIG, was the latest RIG insider to sell. They sold $627,877.84 worth of RIG stock on Mar 4, 2024.
Dig into more about who owns RIG shares here.
Can I rely on RIG as an income stream?
No, Transocean doesn't provide an income stream by paying out dividends.
RIG Social Trading Data
One of the major reasons eToro is our top-rated 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 options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Hit the Open button and your broker will execute your order.
If you want additional assistance investing in stocks on eToro, click the helpful 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.
Add RIG to a watchlist to keep tabs on your RIG stock.
RIG Feed
How to Buy Stock in Transocean
To reiterate, here are the 6 steps you need to take to buy Transocean stock right now:
- 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 are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Transocean, create a watchlist today.
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