Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Co.'s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of Feb. 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of Feb. 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As Feb. 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. We show 62 historical shares outstanding datapoints in our RIG shares outstanding history coverage, used to compute RIG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RIG market cap history over the course of time is important for investors
interested in comparing RIG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RIG versus a peer is one thing; comparing
RIG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RIG can fluctuate over the course of history.
With this page we aim to empower investors researching RIG by allowing them to research the RIG market cap history. |
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Video: The Importance of Market Cap
