RIG Stock Summary and Trading Ideas (Transocean (Switzerland) | NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The company provides mobile offshore drilling rigs, related equipment, and crews to support the drilling of oil and gas wells. Its fleet mainly consists of offshore rigs, including drillships, semisubmersibles, and jackups.

Transocean (Switzerland) trades on the NYSE stock market under the symbol RIG.

As of April 17, 2026, RIG stock price declined to $5.94 with 44,564,704 million shares trading.

RIG has a beta of 0.42, meaning it tends to be less sensitive to market movements. RIG has a correlation of 0.01 to the broad based SPY ETF.

RIG has a market cap of $6.55 billion. This is considered a Mid Cap stock.

Last quarter Transocean (Switzerland) reported $1 billion in Revenue and $.02 earnings per share. This beat revenue expectation by $5 million and missed earnings estimates by -$.06.

In the last 3 years, RIG traded as high as $8.88 and as low as $1.97.

The top ETF exchange traded funds that RIG belongs to (by Net Assets): VTI, VB, IWM, AVUV, OIH.

RIG has outperformed the market in the last year with a return of +175.0%, while the SPY ETF gained +36.5%. In the last 3 month period, RIG beat the market returning +40.4%, while SPY returned +2.9%. However, in the most recent 2 weeks RIG has underperformed the stock market by returning -9.9%, while SPY returned +8.3%.

RIG support price is $6.12 and resistance is $6.58 (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 shares will trade within this expected range on the day.