Previous Close | 3.9900 |
Open | 4.0500 |
Bid | 3.9100 x 43500 |
Ask | 3.9200 x 45100 |
Day's Range | 3.7800 - 4.0900 |
52 Week Range | 2.6300 - 5.5600 |
Volume | |
Avg. Volume | 24,579,407 |
Market Cap | 2.656B |
Beta (5Y Monthly) | 3.00 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.0300 |
Earnings Date | May 02, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Aug 21, 2015 |
1y Target Est | N/A |
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Fundamentally, the Zacks Oil and Gas - Drilling industry is in good shape this year as contract activity is on the upside. The sharp increase in oil and gas prices has created a healthy landscape for drilling contractors like HP, PTEN, RIG and NBR.
Transocean's (RIG) share price plummets 8.1% after the first-quarter loss comes wider than the consensus mark.
The shares of energy industry players Occidental Petroleum (NYSE: OXY), Range Resources (NYSE: RRC), and Transocean (NYSE: RIG) fell as much as 10.5%, 13.5%, and 12%, respectively on May 9. By roughly 1:30 p.m. ET these two vital energy sources were lower in the mid- to high-single digits. For Occidental and Range the oil and natural gas declines are tied directly to their top and bottom lines, given that Occidental is a large oil driller and Range is a large natural gas producer.