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Transocean (RIG)

(Real Time Quote from BATS)

$4.28 USD

4.28
22,199,732

-0.46 (-9.71%)

Updated Sep 3, 2024 02:16 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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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

C Value C Growth F Momentum D 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 34% (166 out of 251)

Industry: Oil and Gas - Drilling

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Zacks News

Transocean (RIG) Down 13.2% Since Last Earnings Report: Can It Rebound?

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.

OMV's (OMVJF) Wildcat Well Encounters Gas Offshore Norway

by Zacks Equity Research

OMV's (OMVJF) new gas discovery lies in the PL 1194. The preliminary estimates suggest that the size of the discovery lies in the range of 4-12 million standard cubic meters of oil equivalent.

Transocean's (RIG) Q2 Loss Wider Than Expected, Revenues Lag

by Zacks Equity Research

Transocean (RIG) expects full-year 2024 operations and maintenance costs to range between $2.2 billion and $2.3 billion, with general and administrative costs anticipated to be $215 million.

Transocean (RIG) Reports Q2 Loss, Lags Revenue Estimates

by Zacks Equity Research

Transocean (RIG) delivered earnings and revenue surprises of -87.50% and 0.62%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Shell (SHEL) Q2 Earnings Coming Up: Here's What to Expect

by Zacks Equity Research

Shell (SHEL) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 9.2%, on average.

Transocean (RIG) Surges 10.7%: Is This an Indication of Further Gains?

by Zacks Equity Research

Transocean (RIG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Can Callon Acquisition Help APA Post Strong Q2 Earnings?

by Zacks Equity Research

Higher U.S. output and increase in expenses are likely to have adversely impacted APA Corporation's (APA) profit levels in the second quarter.

Transocean (RIG) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

by Zacks Equity Research

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.

Can Murphy USA (MUSA) Pull Off a Strong Show in Q2 Earnings?

by Zacks Equity Research

Strength in fuel volumes and petroleum product sales is likely to have boosted Murphy USA's (HAL) profit levels in the second quarter.

Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now

by Zacks Equity Research

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now

by Zacks Equity Research

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Transocean's (RIG) Deepwater Aquila Begins Work Offshore Brazil

by Zacks Equity Research

Transocean's (RIG) newbuild ultra-deepwater drillship begins its first assignment for Petrobras, offshore Brazil, at a day rate of $448,000.

Transocean's (RIG) Asgard Secures $188M Deal Extension

by Zacks Equity Research

Transocean (RIG) secures a $188 million contract extension with Hess for Deepwater Asgard drillship in the U.S. Gulf of Mexico, reinforcing its offshore drilling leadership in harsh environments.

Transocean (RIG) Sells Deepwater Nautilus Floater for $53.5M

by Zacks Equity Research

Transocean (RIG) agrees to sell its 5th-generation semisub Deepwater Nautilus and associated assets for $53.5 million, as part of the company's strategy to dispose of non-strategic assets.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Shell's Appeal Verdict, Transocean's Rig Deal & More

by Nilanjan Choudhury

SHEL, RIG, TRP, FANG and PUMP emerge as the energy headline makers during the week.

Transocean (RIG) Secures Major Contract Extensions Worth $161M

by Zacks Equity Research

Transocean's (RIG) contract extensions for its semisubmersible rigs reinforce its confidence in the high-specification harsh environment market's positive outlook.

Why Is Transocean (RIG) Up 17.1% Since Last Earnings Report?

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.

Should You Invest in the SPDR S&P Oil & Gas Equipment & Services ETF (XES)?

by Zacks Equity Research

Sector ETF report for XES

Is SPDR S&P Oil & Gas Equipment & Services ETF (XES) a Strong ETF Right Now?

by Zacks Equity Research

Smart Beta ETF report for XES

Transocean (RIG) Q1 Loss Narrower Than Expected, Revenues Miss

by Zacks Equity Research

Transocean (RIG) anticipates annual O&M expenses to be in the range of $2.2-$2.3 billion, with general and administrative expenses of $210 million for full-year 2024.

Transocean (RIG) Reports Q1 Loss, Misses Revenue Estimates

by Zacks Equity Research

Transocean (RIG) delivered earnings and revenue surprises of 76.92% and 1.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Transocean (RIG) to Support Equinor's Barents Sea Endeavours

by Zacks Equity Research

Transocean (RIG)-owned Transocean Enabler rig's latest award involves a 19-well contract, along with eight additional well options. The rig has been used by Equinor (EQNR) for several years.

Transocean (RIG) Prolongs Its Stay With Hess and TotalEnergies

by Zacks Equity Research

Transocean's (RIG) drillships have won contract extensions worth $248 million. The extensions have been awarded by Hess Corporation and TotalEnergies in the Gulf of Mexico and Angola, respectively.

Nabors Industries (NBR) Reports Q1 Loss, Tops Revenue Estimates

by Zacks Equity Research

Nabors (NBR) delivered earnings and revenue surprises of -130.36% and 1.82%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline

by Zacks Equity Research

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.