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Transocean (RIG)

(Delayed Data from NYSE)

$5.80 USD

5.80
18,809,905

-0.02 (-0.34%)

Updated Jul 26, 2024 04:00 PM ET

After-Market: $5.82 +0.02 (0.34%) 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 Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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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 15% (213 out of 251)

Industry: Oil and Gas - Drilling

Better trading starts here.

Zacks News

Why Is Transocean (RIG) Down 1.2% Since Last Earnings Report?

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

Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4

Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise in the number of wells drilled offshore.

Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now?

Smart Beta ETF report for FYC

Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates

Transocean (RIG) delivered earnings and revenue surprises of -157.89% and 0.56%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Transocean (RIG) Expands Its Backlog to $8.5 billion

Transocean's (RIG) Fleet Status Report shows an $8.5 billion backlog as well as contract information for the company's fleet of offshore drilling rigs.

Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration

Transocean Ltd. (RIG) offers the use of the Ocean Rig Olympia vessel, along with cash investment and engineering services to support GSR's exploration.

Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year?

Here is how Transocean (RIG) and Valero Energy (VLO) have performed compared to their sector so far this year.

Nabors Industries (NBR) Reports Q4 Loss, Tops Revenue Estimates

Nabors (NBR) delivered earnings and revenue surprises of -266.98% and 4.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Transocean (RIG) Wins 910-Day Drilling Deal Set to Start in Q3

Transocean (RIG) lands 910-day contract for Dhirubhai Deepwater KG2 in Brazil.

How to Boost Your Portfolio with Top Oils and Energy Stocks Set to Beat Earnings

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

Transocean (RIG) is a Great Momentum Stock: Should You Buy?

Does Transocean (RIG) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Transocean (RIG) a New Strong Buy Stock

Transocean (RIG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Eni (E) Signs Energy Security Agreements With Sonatrach

As part of the deal, Eni (E) and Sonatrach will perform research to determine possible measures to improve Algeria's energy export capacity to Europe.

Equinor (EQNR) Makes Natural Gas Discovery Offshore Norway

Equinor (EQNR) and partners will evaluate further delineation of the discovery and tie-in to the Irpa field.

Eni (E) Makes Gas Discovery at Nargis-1 Well Offshore Egypt

The discovery is intended to be developed by utilizing Eni's (E) existing facilities.

What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now?

Does Transocean (RIG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength?

Transocean (RIG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Transocean (RIG) Announces $488 Million Addition to Backlog

Investors should know that the addition to backlog is important since it will affect Transocean Ltd.'s (RIG) sales, earnings and future cash flows.

Sweta Killa headshot

Best-Performing Stocks of the Top ETF of the Fourth Quarter

iShares U.S. Oil Equipment & Services ETF (IEZ) topped the list of the best-performing U.S. equity ETFs in the fourth quarter, gaining 50.7%.

Helmerich & Payne (HP) Down 9.1% Since Last Earnings Report: Can It Rebound?

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

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup Headlined by Exxon & Chevron's 2023 Outlooks

Apart from ExxonMobil (XOM) and Chevron ((VX), Cenovus Energy (CVE), Transocean (RIG) and Petrobras (PBR) hogged attention during the week.

Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts

According to Transocean (RIG), the two deals represent approximately $1.04 billion in the firm's backlog.

Why Is Transocean (RIG) Down 2.2% Since Last Earnings Report?

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

The Zacks Analyst Blog Highlights Diamondback Energy, Chevron, ConocoPhillips, Transocean and Enbridge

Diamondback Energy, Chevron, ConocoPhillips, Transocean and Enbridge are part of the Zacks top Analyst Blog.