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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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

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

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Zacks News

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Equinor & Eni's Discoveries, TC Energy's Cancellation & More

by Nilanjan Choudhury

Apart from Equinor (EQNR), Eni (E) and TC Energy (TRP), there were news from Williams (WMB) and Halliburton (HAL) during the week.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup Headlined by Enbridge, Magellan & Occidental's Divestments

by Nilanjan Choudhury

Apart from Enbridge (ENB), Magellan Midstream (MMP) and Occidental Petroleum (OXY), there were news from Plains All American (PAA) and ExxonMobil (XOM) during the week.

Transocean (RIG) Wins $116M Deal for Drillship Duo in Norway

by Zacks Equity Research

Transocean's (RIG) Norge drillship clinches a four-well contract in Norway with five one-well options. The drilling activity is scheduled for March 2022.

Nilanjan Choudhury headshot

Transocean (RIG) to Raise $400M Capitalizing on Meme Craze

by Nilanjan Choudhury

Transocean (RIG) announced that will use the proceeds from its share sale toward general corporate purposes such as refinancing its debt or capital expenditures.

Permian Oil Explorers Add Rigs in 5 of the Past 6 Weeks

by Zacks Equity Research

Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased in six of the past seven weeks.

Transocean (RIG) Updates Delivery Terms With Singapore Firm

by Zacks Equity Research

Transocean (RIG) will pay Jurong Shipyard 80% of the outstanding funds or roughly $350 million upon delivery of the Deepwater Titan drillship in May 2022.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Acquisitions by Pembina, Southwestern & Kinder Morgan

by Nilanjan Choudhury

Apart from Pembina Pipeline (PBA), Southwestern Energy (SWN) and Kinder Morgan (KMI), there were news from Schlumberger (SLB) and TotalEnergies (TOT) during the week.

Here's Why US Oil & Gas Drilling Rigs Tally Has Dropped

by Zacks Equity Research

Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has declined after increasing for five straight weeks.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup Headlined by Cabot-Cimarex Merger & Shell's Power Contract

by Nilanjan Choudhury

Apart from Cabot (COG)--Cimarex (XEC) and Royal Dutch Shell (RDS.A), there were news from Suncor (SU), Halliburton (HAL) and Oasis (OAS) during the week.

Transocean (RIG) Up 18.4% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

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

Permian Oil Drilling Rig Tally Rises for 4 Consecutive Weeks

by Zacks Equity Research

Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for five consecutive weeks.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: BP & Eni's Angola Plans, Shell's Philippine Sale & More

by Nilanjan Choudhury

Apart from BP (BP)-Eni (E) and Royal Dutch Shell (RDS.A), there were news from TOTAL (TOT), Equinor (EQNR) and The Williams Companies (WMB) during the week.

Permian Oil Drilling Rig Tally Rises for 3 Consecutive Weeks

by Zacks Equity Research

Baker Hughes??? (BKR) data shows that the count of oil and gas rigs in the United States has increased for four consecutive weeks.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Occidental's Q1 Earnings, Shell's Oil Find & More

by Nilanjan Choudhury

Occidental Petroleum (OXY) reported March-quarter earnings, Royal Dutch Shell (RDS.A) announced an oil discovery in the deepwater Gulf of Mexico and Marathon Petroleum (MPC) concluded the $21 billion sale of its retail business Speedway.

Permian Oil Drilling Rig Tally Rises for 2 Consecutive Weeks

by Zacks Equity Research

Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for three consecutive weeks.

The Zacks Analyst Blog Highlights: Halliburton Company, Schlumberger, Transocean, Devon Energy and Matador Resources

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Halliburton Company, Schlumberger, Transocean, Devon Energy and Matador Resources

Permian Oil Rig Tally Rises After Falling for 2 Weeks Straight

by Zacks Equity Research

Baker Hughes' (BKR) data show that the count of oil and gas rigs in the United States has increased for two consecutive weeks.

Transocean (RIG) Up 16.5% Despite Wider-Than-Expected Q1 Loss

by Zacks Equity Research

Transocean's (RIG) operating and maintenance costs in Q1 decrease to $435 million from $540 million a year ago.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: A Look at COP, EOG, PXD, MPC & WMB Q1 Earnings

by Nilanjan Choudhury

Energy operators ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Marathon Petroleum (MPC) and The Williams Companies (WMB) turned in a better-than-expected first-quarter bottom-line performance.

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Best Energy ETFs & Stocks of Last Week

by Sweta Killa

We have highlighted five ETFs & stocks that were at the forefront of the energy sector rally last week.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Breaking Down Big Oil Q1 Earnings

by Nilanjan Choudhury

Energy supermajors ExxonMobil (XOM), Royal Dutch Shell (RDS.A), BP plc (BP) and TOTAL SE (TOT) turned in a better-than-expected first-quarter bottom line helped by higher commodity prices.

Transocean (RIG) Reports Q1 Loss, Tops Revenue Estimates

by Zacks Equity Research

Transocean (RIG) delivered earnings and revenue surprises of -18.75% and 2.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

John Blank headshot

Will Central Banks Start to Care About Fundamentals?

by John Blank

Macro-data has been much stronger than expected.¿¿¿¿¿¿ Still, the only thing that matters is NOT whether stock traders (or pundits) take note of strong data. It is whether the Fed and other major central banks care.

Nilanjan Choudhury headshot

4 Stocks From the Oil & Gas Drilling Industry to Watch Out For

by Nilanjan Choudhury

Driven by greatly reduced costs amid stronger operating efficiencies, the Zacks Oil and Gas - Drilling industry operators like Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN) and Nabors Industries (NBR) are well equipped to deal with the prevailing market headwinds.

Marathon Oil (MRO) to Post Q1 Earnings: What's in Store?

by Zacks Equity Research

Marathon Oil's (MRO) preliminary Q121 production of oil and natural gas averaged at 345,400 Boe/d, indicating a downfall from Q420's reported figure of 352,000 Boe/d.