Transocean Partners (NYSE: RIGP) is one of 17 public companies in the “Oil & Gas Drilling” industry, but how does it compare to its competitors? We will compare Transocean Partners to related businesses based on the strength of its valuation, dividends, institutional ownership, analyst recommendations, risk, profitability and earnings.
Transocean Partners pays an annual dividend of $1.45 per share and has a dividend yield of 8.1%. Transocean Partners pays out 60.2% of its earnings in the form of a dividend. As a group, “Oil & Gas Drilling” companies pay a dividend yield of 4.3% and pay out -143.6% of their earnings in the form of a dividend. Transocean Partners has raised its dividend for 2 consecutive years.
This table compares Transocean Partners and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Transocean Partners Competitors||$1.59 billion||-$49.50 million||0.68|
Transocean Partners’ competitors have higher revenue, but lower earnings than Transocean Partners. Transocean Partners is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Institutional and Insider Ownership
29.0% of Transocean Partners shares are owned by institutional investors. Comparatively, 72.7% of shares of all “Oil & Gas Drilling” companies are owned by institutional investors. 0.1% of Transocean Partners shares are owned by insiders. Comparatively, 2.2% of shares of all “Oil & Gas Drilling” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
This is a summary of recent ratings and price targets for Transocean Partners and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Transocean Partners Competitors||497||1565||1262||58||2.26|
Transocean Partners currently has a consensus price target of $18.00, indicating a potential upside of 0.95%. As a group, “Oil & Gas Drilling” companies have a potential upside of 16.89%. Given Transocean Partners’ competitors higher possible upside, analysts plainly believe Transocean Partners has less favorable growth aspects than its competitors.
This table compares Transocean Partners and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Transocean Partners Competitors||-17.17%||-4.72%||-1.12%|
Transocean Partners Company Profile
Transocean Partners LLC a limited liability company. The Company is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. (Transocean), to own, operate and acquire advanced offshore drilling rigs. The Company’s assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S. Gulf of Mexico, which include Discoverer Clear Leader, Discoverer Inspiration and Development Driller III. The Company owns or has partial ownership interests in, and operated over 60 mobile offshore drilling units, including approximately 30 ultra-deepwater floaters, over seven harsh environment floaters, approximately five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. Transocean also has approximately six ultra-deepwater drillships and over five high-specification jackups under construction.
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