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Transocean (RIG)

(Delayed Data from NYSE)

$4.74 USD

4.74
14,876,416

0.00 (0.00%)

Updated Aug 30, 2024 04:00 PM ET

After-Market: $4.73 -0.01 (-0.21%) 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 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.

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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 26% (185 out of 251)

Industry: Oil and Gas - Drilling

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Zacks News

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.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Spotlight on Deals by Diamondback, Chevron

Apart from Diamondback Energy (FANG) and Chevron (CVX), ConocoPhillips (COP), Transocean (RIG) and Enbridge (ENB) hogged attention during the week.

Transocean (RIG) Acquires Stake in Ultra-Deepwater Drillship

Transocean's (RIG) driller makes a $15-million noncontrolling investment in the joint venture that has agreed to purchase the ultra-deepwater newbuild drillship.

Transocean (RIG) Posts Narrower Q3 Loss, Shares Rise 16%

Transocean's (RIG) third-quarter loss is narrower than estimates, and revenues outperform the consensus mark.

Transocean (RIG) Reports Q3 Loss, Tops Revenue Estimates

Transocean (RIG) delivered earnings and revenue surprises of 60% and 7.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Strength Seen in Helmerich & Payne (HP): Can Its 11.2% Jump Turn into More Strength?

Helmerich & Payne (HP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Patterson-UTI (PTEN) Q3 Earnings and Revenues Surpass Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 47.37% and 6.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know

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.

How Investors Can Grab Better Returns for Oils and Energy Using the Zacks ESP Screener

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup Headlined by Shell & Enbridge's Renewables Push

Apart from Shell (SHEL) and Enbridge (ENB), TechnipFMC (FTI), Transocean (RIG) and VAALCO Energy (EGY) hogged the limelight during the week.

Transocean (RIG) Gets Drilling Contract From Norway-Based Firms

Transocean (RIG) secures a drilling contract to drill 17 wells and additional potential wells off the Norwegian coast from 2023 to 2027.

Transocean (RIG) Charged by Regulators Over 2019 Rig Incident

Transocean (RIG) is set to appear before the court of law on Oct 12, 2022 for the September 2019 mishap on one of its rigs.

Transocean (RIG) Wins Two Drillship Contracts Worth $181M

Transocean (RIG) secures two contract awards worth more than $180 million for one of its drillships to work in the U.S. Gulf of Mexico.

Why Is Transocean (RIG) Down 2.9% 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) Posts Narrower Loss, Revenue Beat in Q2

Transocean's (RIG) second-quarter loss is narrower than estimates and revenues outperform the consensus mark.

Transocean (RIG) Reports Q2 Loss, Tops Revenue Estimates

Transocean (RIG) delivered earnings and revenue surprises of 9.09% and 5.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Helmerich & Payne (HP) Beats Q3 Earnings and Revenue Estimates

Helmerich & Payne (HP) delivered earnings and revenue surprises of 440% and 7.35%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Transocean (RIG) Stock Moves -1.07%: What You Should Know

Transocean (RIG) closed the most recent trading day at $2.77, moving -1.07% from the previous trading session.

Down 28.9% in 4 Weeks, Here's Why Transocean (RIG) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for Transocean (RIG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Transocean (RIG) Takes Delivery of First-Ever 8th-Gen Drillship

Transocean (RIG) takes the delivery of the world's first eighth-generation drillship, Deepwater Atlas, by Sembcorp Marine in Singapore.

Patterson-UTI (PTEN) Moves 8.4% Higher: Will This Strength Last?

Patterson-UTI (PTEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.