16-May-2024
Elliott Management's Q1 moves include adding Nvidia, Transocean, exiting Valaris
Seeking Alpha News (Wed, 15-May 4:57 PM ET)
Transocean Ltd. Announces Consent Solicitation for 8.375% Senior Secured Notes due 2028
Globe Newswire (Wed, 1-May 6:43 AM ET)
Transocean Ltd. Reports First Quarter 2024 Results
Globe Newswire (Mon, 29-Apr 5:24 PM ET)
Transocean Ltd. Announces Results of Tender Offers
Globe Newswire (Thu, 18-Apr 7:23 AM ET)
Transocean Ltd. Provides Quarterly Fleet Status Report
Globe Newswire (Wed, 17-Apr 4:49 PM ET)
Transocean Ltd. Announces the Pricing Terms of Pending Tender Offer
Globe Newswire (Wed, 17-Apr 1:46 PM ET)
Globe Newswire (Thu, 11-Apr 6:25 PM ET)
Transocean Ltd. Announces Cash Tender Offers
Globe Newswire (Thu, 11-Apr 8:54 AM ET)
Globe Newswire (Thu, 11-Apr 8:54 AM ET)
Transocean Ltd. Announces First Quarter 2024 Earnings Release Date
Globe Newswire (Wed, 10-Apr 4:23 PM ET)
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.
Transocean (Switzerland) trades on the NYSE stock market under the symbol RIG.
As of May 16, 2024, RIG stock price declined to $6.00 with 9,729,016 million shares trading.
RIG has a beta of 1.27, meaning it tends to be more sensitive to market movements. RIG has a correlation of 0.13 to the broad based SPY ETF.
RIG has a market cap of $4.92 billion. This is considered a Mid Cap stock.
Last quarter Transocean (Switzerland) reported $763 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-24 million and exceeded earnings estimates by $.11.
In the last 3 years, RIG stock traded as high as $8.88 and as low as $2.32.
The top ETF exchange traded funds that RIG belongs to (by Net Assets): VTI, VB, OIH, VXF, VBK.
RIG stock has underperformed the market in the last year with a return of +2.4%, while SPY returned +29.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RIG shares. However, RIG has outperformed the market in the last 3 month and 2 week periods, returning +19.3% and +13.9%, while SPY returned +5.6% and +5.7%, respectively. This indicates RIG has been having a stronger performance recently.
RIG support price is $5.88 and resistance is $6.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RIG stock will trade within this expected range on the day.