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Transocean (RIG)

(Delayed Data from NYSE)

$4.47 USD

4.47
20,598,310

-0.10 (-2.19%)

Updated Nov 8, 2024 04:00 PM ET

After-Market: $4.47 0.00 (0.00%) 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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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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C Value D Growth B 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 11% (223 out of 250)

Industry: Oil and Gas - Drilling

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Zacks News

Transocean's Q3 Earnings Improve Y/Y, Sales Beat Estimates

by Zacks Equity Research

RIG expects fourth-quarter operating and maintenance expenses of about $585 million and G&A expenses between $50 million and $55 million.

Transocean (RIG) Reports Break-Even Earnings for Q3

by Zacks Equity Research

Transocean (RIG) delivered earnings and revenue surprises of 100% and 1.26%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

Will Transocean and Seadrill Merge Amid Offshore Expansion?

by Zacks Equity Research

As offshore investment rebounds, RIG and SDRL eye a merger to leverage deepwater prospects and capitalize on the recent oil and gas discoveries.

Transocean (RIG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

by Zacks Equity Research

Transocean (RIG) 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.

Nabors Industries (NBR) Reports Q3 Loss, Lags Revenue Estimates

by Zacks Equity Research

Nabors (NBR) delivered earnings and revenue surprises of -93.64% and 2.46%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

Transocean Inks $193M Ultra-Deepwater Drillship Contract

by Zacks Equity Research

RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.

Why Hold Strategy Makes Sense for Nabors Industries Right Now

by Zacks Equity Research

NBR offers an appealing valuation with strong cash generation. Yet, high debt, market fluctuations and geopolitical risks should temper investors' enthusiasm.

Transocean Secures New Drilling Assignment in the Gulf of Mexico

by Zacks Equity Research

Work related to RIG's new eighth-generation drillship, Deepwater Atlas, is expected to begin in the second quarter of 2028.

Equinor Discovers New Gas in Norwegian Waters With Transocean Rig

by Zacks Equity Research

EQNR and its partners make a new gas and condensate discovery in the Norwegian Sea, using Transocean's Spitsbergen rig. This helps boost development plans for the Lavrans field.

Transocean Secures $123 Million Offshore Drilling Contract in India

by Zacks Equity Research

RIG wins a 300-day drilling contract with Reliance Industries for the Dhirubhai Deepwater KG1 project in India, valued at approximately $123 million.

Transocean to Sell Two Drillships to Optimize Asset Portfolio

by Zacks Equity Research

RIG plans to sell the Development Driller III and Discoverer Inspiration drillships for $342 million, aiming to reduce debt and optimize its portfolio.

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.