Steinhausen, Switzerland / Houston, TX – May 28th – Shares of offshore drilling contractor Transocean LTD (NYSE: RIG) are trading lower this afternoon, quoted at 0.035, or 1.34%, for the current trading session.
The stock opened the day at 2.66 before experiencing a downturn that took it to a low of $2.54. The 1-day chart shows an initial sharp drop after the open, followed by a partial recovery and then choppy, range-bound trading before settling near its current level, below the previous close of $2.61.
Transocean, a major player in the offshore drilling industry, has a market capitalization reported as 227.44Cr (which would typically represent approximately $2.27 Billion USD). The company’s Price-to-Earnings (P/E) ratio and dividend yield are not currently reported.
Over the past 52 weeks, Transocean’s shares have seen a high of 1.97. Today’s price action keeps the stock within this annual range, as investors monitor oil prices, global energy demand, and developments within the offshore sector.
