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Transocean (RIG)

(Delayed Data from NYSE)

$6.20 USD

6.20
17,717,371

+0.30 (5.08%)

Updated May 31, 2024 04:00 PM ET

After-Market: $6.18 -0.02 (-0.32%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value F Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 31% (172 out of 250)

Industry: Oil and Gas - Drilling

Better trading starts here.

Zacks News

Murphy USA (MUSA) Inks $645M Acquisition Deal With QuickChek

Murphy USA (MUSA) intends to conclude the $645-million QuickChek buyout by the first quarter of next year.

Parsley's (PE) Austin Operations to Make 234 Staff Redundant

Parsley Energy (PE) will permanently furlough 234 employees as it plans to shut down all its offices in Austin.

Permian Basin Adds Oil Drilling Rigs for 7 Straight Weeks

Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually getting healthier.

Transocean (RIG) Up 132.1% Since Last Earnings Report: Can It Continue?

Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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Oil & Gas Stock Roundup: News From ExxonMobil, Repsol & Halliburton

ExxonMobil (XOM) canceled plans to offload its interest in Australia's Bass Strait oil and gas assets, while Repsol (REPYY) and Halliburton (HAL) announced initiatives toward transition to a low-carbon future.

Petrobras (PBR) Slashes 2021-2025 CapEx Guidance Amid Coronavirus

Petrobras (PBR) projects $46 billion expense on exploration and production for the 2021-2025 period compared with $64 billion guided a year earlier.

Permian Basin Adds Oil Drilling Rigs for 6 Straight Weeks

Oil and gas drillers in the United States are likely to continue to add rigs in the shale plays since the pricing environment of the commodity is now gradually getting healthier.

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Energy on Track for Its Best Month Ever: 5 ETF, Stock Winners

The S&P 500 Energy Index is on track for the best month ever, gaining nearly 40%.

Transocean (RIG) Catches Eye: Stock Jumps 6.4%

Transocean (RIG) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

    Transocean (RIG) Adds $297M to Backlog Via Contract Expansions

    With the new contract extensions, Transocean's (RIG) Deepwater Corcovado and Deepwater Mykonos drillships will carry on with operations in Brazil.

    Are Options Traders Betting on a Big Move in Transocean (RIG) Stock?

    Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.

    Permian Basin Adds Oil Drilling Rigs for 5 Straight Weeks

    The tally for oil and gas rigs in the United States declined for the first time in 10 weeks even though oil price has improved significantly over the past few months.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Helmerich & Payne's Q4, Gulfport's Bankruptcy & More

    Contract drilling operator Helmerich & Payne (HP) reported September-quarter earnings, while natural gas producer Gulfport Energy (GPOR) filed for Chapter 11 bankruptcy protection.

    Nilanjan Banerjee headshot

    Permian Basin Adds Oil Drilling Rigs for 4 Straight Weeks

    After increasing for nine straight weeks, the tally of oil and gas rigs in the United States has jumped to the highest mark since May.

    Transocean (RIG) Stock Jumps 52.8% Since Q3 Earnings Release

    Transocean's (RIG) Ultra-deepwater floaters contribute to 63.4% of its total contract drilling revenues in Q3 while Harsh Environment floaters add up the rest.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Enbridge, EOG & Other Earnings Announcements

    Energy infrastructure providers Enbridge (ENB) and Williams (WMB), as well as shale operators EOG Resources (EOG), Pioneer Natural Resources (PXD) and Diamondback Energy (FANG) reported Q3 earnings.

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    Oil & Gas Stock Roundup: Breaking Down Big Oil Q3 Earnings

    Energy supermajors - ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), BP plc (BP) and TOTAL SE (TOT) - turned in better-than-expected third-quarter bottom line numbers helped by cost cuts.

    Transocean (RIG) Reports Q3 Loss, Misses Revenue Estimates

    Transocean (RIG) delivered earnings and revenue surprises of 35.29% and -1.28%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

    Will Revenue Efficiency Aid Transocean (RIG) Q3 Earnings?

    Transocean (RIG) anticipates third-quarter adjusted contract drilling revenues of roughly $800 million, essentially unchanged from the year-ago figure.

    Nilanjan Banerjee headshot

    4 Energy Stocks Poised to Trump Earnings Estimates in Q3

    Partially recovered commodity prices and a modest improvement in fuel demand are likely to have mostly influenced Q3 results of Transocean (RIG), Marathon (MRO), Pioneer (PXD) and Enbridge (ENB).

    Transocean (RIG) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

    Transocean (RIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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    Oil & Gas Stock Roundup: ConocoPhillips' Acquisition, Schlumberger & Halliburton's Q3 & More

    The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). Meanwhile, oilfield service majors Schlumberger (SLB) and Halliburton (HAL) reported Q3 results.

    The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Pioneer Natural

    The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Pioneer Natural

    Oil & Gas Drillers Add Highest Rig in US Since 2020 Begining

    Per Baker Hughes' (BKR) data, the weekly count of oil drilling rigs rises the most since January, thanks to recovering crude prices.

    Permian Basin Adds Oil Drilling Rigs for 3 Straight Weeks

    As economies are reopening, most analysts opine that drillers will continue to add oil rigs.