Forget ExxonMobil and Chevron. The big winner from the recent snap back in oil prices is Transocean. The company's shares are the hottest thing in the stock market this week -- besides Netflix (NFLX, Tech30), of course. Don't know …
This trend has benefited Transocean’s bottom line. For 2010, the company reported net income of $988 million on revenue of $9.6 billion. It presently employs 18,000 people from Latin America to Asia and Africa. And although its stock price …
Transocean
In trading on Thursday, shares of Transocean Ltd. (NYSE: RIG) entered into oversold territory, changing hands as low as $40.28 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis …
"At 520.8 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year," an EIA report said. Here are Wednesday's top research calls, including new coverage of Advanced Micro Devices and …
Earnings
Rick Pendergraft: You would be hard pressed to find a stock that investors are more bearish on than offshore driller Transocean (NYSE:RIG). The company is showing a short interest ratio of 11.2, with over 118 million shares sold …
The company has also been awarded two contracts with Statoil ASA (STO - Free Report) which have raised optimism about Transocean’s stock. However, the company is unlikely to benefit from these contracts before the third quarter. …
Q1
Transocean (NYSE:RIG), the world’s largest offshore drilling service provider, surprised its investors for two consecutive …
Earnings
Transocean is off to an incredible start to the trading session today. Since the opening bell, the stock has been well in the green and climbing higher. We believe we know what's causing the gains. Below, we'll talk about what we're seeing …
Stock
Transocean stock fell over 10% since 3Q earnings results; the management sees tough times ahead for the offshore industry Transocean Ltd. (NYSE:RIG), the world’s largest offshore drilling company, faces an industry downturn, …
You would be hard pressed to find a stock that investors are more bearish on than offshore driller Transocean (NYSE: RIG). The company is showing a short interest ratio of 11.2, with over 118 million shares sold short. That is 32.5% of …