Transocean (RIG, Financial) recently experienced a significant stock movement, with its price dropping by 5.04%. The stock is currently valued at $4.24 per share, witnessing a trading volume of approximately 9.84 million shares and a turnover rate of 1.12%. The price fluctuation amplitude stands at 6.28%.
According to the latest financial reports, Transocean reported a revenue of $948 million, a net loss of $494 million, and an earnings per share (EPS) of -$0.56. The gross profit for the company was $195 million, translating to a price-to-earnings (P/E) ratio of -5.58.
In terms of analyst ratings, out of 20 institutions covering the stock, 35% have a buy recommendation, 45% suggest holding, and 20% recommend selling the stock.
Within the oil and gas exploration and development sector, Transocean's industry experienced an overall decline of 0.74%. Some related stocks like American Energy, Primeenergy Resources Corporation, and Highpeak Energy Inc. showed notable gains, while Trio Petroleum Corp., Sable Offshore Corp., and Eon Resources Inc. showed significant trading activity. The largest price fluctuations were noted in Trio Petroleum Corp., American Energy, and Prairie Operating Co., with amplitude percentages of 42.69%, 9.37%, and 8.24%, respectively.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The company specializes in leasing mobile offshore drilling rigs, equipment, and personnel for drilling operations.
