(VIANEWS) – Shares of Transocean (NYSE: RIG) jumped by a staggering 17.4% in 5 sessions from $5.69 to $6.68 at 20:40 EST on Tuesday, after three consecutive sessions in a row of gains. NYSE is rising 0.37% to $14,949.35, after two consecutive sessions in a row of gains.
Transocean’s last close was $6.68, 13.7% below its 52-week high of $7.74.
About Transocean
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
Earnings Per Share
As for profitability, Transocean has a trailing twelve months EPS of $-0.92.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -4.72%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 10.5% and positive 46.4% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Transocean’s stock is considered to be oversold (<=20).
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