Transocean Stock Impressive Fall 10% At Session Start On Wednesday, Underperforms Market

(VIANEWS) – Shares of Transocean (NYSE: RIG) slid by a staggering 10.6% to $6.11 at 10:09 EST on Wednesday, after five successive sessions in a row of losses. NYSE is sliding 1.69% to $15,572.52, after five successive sessions in a row of losses. This seems, up to now, an all-around negative trend trading session today.

Transocean’s last close was $6.84, 11.05% below its 52-week high of $7.69.

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%.

Volatility

Transocean’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.10%, a positive 1.37%, and a positive 3.24%.

Transocean’s highest amplitude of average volatility was 1.26% (last week), 2.83% (last month), and 3.24% (last quarter).

Volume

Today’s last reported volume for Transocean is 12200655 which is 43.59% below its average volume of 21629700.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 10.5% and positive 46.4% for the next.

More news about Transocean (RIG).

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