- Motley Fool•22 hours ago
Higher oil prices and bullish earnings from Transocean fuels a double-digit rally for this offshore driller.
Transocean (RIG) is rising Thursday afternoon, thanks to an upbeat fourth quarter. The oilfield services company said it earned 63 cents a share (a figure that excludes $13 million in net unfavorable items), well ahead of the nickel a share in earnings analysts expected. Revenue fell 47.4% year over year to $974 million, also above the $806 million consensus estimate.
- Motley Fool•yesterday
You might not notice it from the results, but Transocean's fleet is radically different from what it was just a couple of years ago.
RIG : Summary for Transocean Ltd (Switzerland) Co - Yahoo Finance
Transocean Ltd. (RIG)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||13.69 - 14.18|
|52 Week Range||8.25 - 16.66|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||4.33|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|