Here Are the Facts You Need to Understand RIG

By Chris Stiles • Thursday, October 06 13:50 • Permanent Link

Shares of Transocean, Ltd.(RIG) moved 6.8% today, and are now trading at a price of $3.21. In contrast, the S&P 500 index saw a -0.4% change and the Dow Industrial Average posted a -0.0% performance. Today's trading volume was 44,331,543 compared to the stock's average volume of 20,918,976.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. Based in Steinhausen, Switzerland the company has 5,000 full time employees and a market cap of $2,399,618,560.

Over the last year, RIG shares have gone down by -21.9%, which represents a difference of -7.9% when compared to the S&P 500. The stock's 52 week high is $5.56 per share and its 52 week low is $2.32. Based on Transocean's average gross margin growth of -3.9% over the last four years, its core business remains strong and the stock price may recover in the long term.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.