Transocean (RIG, Financial) experienced a significant stock movement with a 5.03% increase in its share price. The stock is currently priced at $4.18 per share, with a trading volume of 21.99 million shares and a turnover rate of 2.51%. The stock's amplitude is recorded at 4.65%.
The latest financial reports reveal that Transocean reported a revenue of $948 million, a net loss of $494 million, and an earnings per share of -$0.56. The gross profit stood at $195 million, with a price-to-earnings ratio of -5.49. In terms of institutional ratings, out of 20 institutions, 40% recommend buying, 45% suggest holding, and 15% advise selling the stock.
The oil and gas exploration and development sector, where Transocean operates, saw an overall increase of 2.71%. Notable stocks in the sector include Trio Petroleum Corp., Eon Resources Inc., and Permrock Royalty Trust Trust, which have shown significant gains. Trio Petroleum Corp. and Eon Resources Inc. are particularly active, with turnover rates of 112.51% and 7.46%, respectively. Stocks with notable amplitude include Trio Petroleum Corp. at 43.93%, Eon Resources Inc. at 23.61%, and New Era Helium Inc C/Wts 10/12/2026 (To Pur Com) at 19.82%.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells, specializing in mobile offshore drilling units, related equipment, and personnel.
