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Transocean (RIG)

(Real Time Quote from BATS)

$4.56 USD

4.56
9,349,230

-0.11 (-2.36%)

Updated Oct 7, 2024 02:04 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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4-Sell of 5       4  

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 C Growth C 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 12% (223 out of 252)

Industry: Oil and Gas - Drilling

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Zacks News

The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

by Zacks Equity Research

The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: BP & ExxonMobil's Multibillion Dollar Deals Steal the Show

by Nilanjan Choudhury

BP plc (BP) sealed an estimated $9.61 billion worth of gas deal with a South Korean buyer, while ExxonMobil (XOM) signed an agreement to divest its oil and gas business in Norway for $4.5 billion.

The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

Drillers in Permian Basin Continue to Remove Oil Rigs

by Zacks Equity Research

Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.

    Nilanjan Choudhury headshot

    5 Reasons Offshore Drilling Stocks are Poised for a Rebound

    by Nilanjan Choudhury

    It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.

    Options Traders Expect Huge Moves in Transocean (RIG) Stock

    by Zacks Equity Research

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

    The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean

    by Zacks Equity Research

    The Zacks Analyst Blog Highlights: Diamond Offshore, Noble, Helmerich & Payne, Independence Contract and Transocean

    Kaibalya Pravo Dey headshot

    Drilling Industry Continues to Suffer: Is Relief in Sight?

    by Kaibalya Pravo Dey

    Low oil price, conservative upstream capital budget and regulatory hurdles can keep affecting the drilling industry. However, cost reduction and efficiency gains can aid the industry.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Tellurian's LNG Deal, Equinor's Gas Find & More

    by Nilanjan Choudhury

    Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.

    Transocean Calls Off Korea's Samsung Twin-Drillship Contract

    by Zacks Equity Research

    Given a scenario wherein the drillship contract gets through, Transocean (RIG) will then shell out an astronomical $1.1 billion including payments to SHI plus transportation and raw material costs.

    Permian, Cana Woodford & Eagle Ford Drillers Lower Oil Rigs

    by Zacks Equity Research

    The count of oil rigs in Permian declines for six consecutive weeks.

    Nilanjan Banerjee headshot

    Upstream Energy Stocks Decline as Crude Oil Price Falls 6%

    by Nilanjan Banerjee

    Explorers and producers will be less inclined to increase oil production following the renewed slump in the commodity's price.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More

    by Nilanjan Choudhury

    Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.

    Permian & Cana Woodford Oil Drillers Continue to Remove Rigs

    by Zacks Equity Research

    While the tally of oil rigs in Permian fell for five consecutive weeks, crude drillers in Cana Woodford removed rigs for two successive weeks.

    The Zacks Analyst Blog Highlights: Concho, Crescent Point, TOTAL, Transocean and Halliburton

    by Zacks Equity Research

    The Zacks Analyst Blog Highlights: Concho, Crescent Point, TOTAL, Transocean and Halliburton

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Asset Sale Deals From Concho, Crescent Point Steal the Show

    by Nilanjan Choudhury

    While Concho Resources (CXO) is looking to boost the value of its legacy assets and minimize cost structure, Crescent Point Energy (CPG) is focusing on debt reduction.

    Drillers in Permian & Cana Woodford Lower Oil Rig Count

    by Zacks Equity Research

    The tally for oil drilling rigs in the United States drops to the lowest level since November 2017.

    Transocean (RIG) to Retire 3 Drillships, Incur $580M Charge

    by Zacks Equity Research

    Transocean (RIG) intends to retire three ultra-deepwater floaters, namely Discoverer Enterprise, Discoverer Spirit and Discoverer Deep Seas.

    Drillers in Permian & DJ-Niobrara Continue to Remove Oil Rigs

    by Zacks Equity Research

    The tally for oil drilling rigs in the United States drops to 742, a level last recorded in early January 2018.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: TechnipFMC's Spin-Off, Kinder Morgan's Asset Sale & More

    by Nilanjan Choudhury

    TechnipFMC (FTI) plans to spin off its engineering and construction business to create two independent companies, while Kinder Morgan (KMI) will sell its Canadian unit and portion of a pipeline.

    Transocean (RIG) Down 29.3% 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.

    Implied Volatility Surging for Transocean (RIG) Stock Options

    by Zacks Equity Research

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

    Drillers in Permian & DJ-Niobrara Basins Remove Oil Rigs

    by Zacks Equity Research

    Drillers remove most drilling rigs in U.S. oil resources since the week ended Apr 26.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Equinor's Mariner Starts Up, BP Expands India Business

    by Nilanjan Choudhury

    Norwegian behemoth Equinor (EQNR) started oil production from the Mariner field in the UK North Sea, while British supermajor BP plc (BP) inked a new JV in India to set up 5,500 petrol pumps.

    Cana Woodford, DJ-Niobrara & Eagle Ford Add Oil Drilling Rigs

    by Zacks Equity Research

    In the past seven weeks, oil drillers in the United States manage to increase the count of oil drilling rigs for the first time.