Have you been considering investing into a large cap oil company? Usually these are big investments, and if it were me, I would take my time deciding and researching. Luckily, Transocean has seen a drop in price, but is still providing great yields to their investors. Sounds like a pretty perfect situation. Let’s dig deeper with Dividend Screen about the details of RIG.
Transocean (RIG) is acting within the oil and gas drilling and exploration industry. The company is based in Switzerland and has a market capitalization of $17.4 billion, generates revenues in an amount of $9.0 billion and has a net loss of $143.0 million. It follows P/E ratio is not calculable and forward price to earnings ratio amounts to 9.4, Price/Sales 2.0 and Price/Book ratio 0.8. Dividend Yield: 5.8 percent. The expected earnings per share growth for the next year amounts to 59.0 and 16.5 percent for the upcoming five years.
I would continue my due diligence with this stock. All signs point to positive outcomes, but sometimes this can be questionable. When looking for invest in big oil, do your research, and hopefully your consideration of RIG will pay you out nicely.
Quotes taken from report by Dividend Screen, Read the entire article here.
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