Is Transocean Ltd. (RIG) Standing Strong Amid Market Decline?

Insider Monkey2024-12-31

We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other firms stand strong amid...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2495692451?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-31 19:11","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2495692451","market":"us","top_or_hot":-1,"title":"Is Transocean Ltd. (RIG) Standing Strong Amid Market Decline?","media":"Insider Monkey","content":"<div>\n<p>We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other firms stand strong amid...</p>\n\n<a href=\"https://finance.yahoo.com/news/transocean-ltd-rig-standing-strong-111143121.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Transocean Ltd. (RIG) Standing Strong Amid Market Decline?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Transocean Ltd. (RIG) Standing Strong Amid Market Decline?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-31 19:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/transocean-ltd-rig-standing-strong-111143121.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other firms stand strong amid...</p>\n\n<a href=\"https://finance.yahoo.com/news/transocean-ltd-rig-standing-strong-111143121.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4092","symbol_name":"石油与天然气钻井","start_time":0,"source_url":"https://finance.yahoo.com/news/transocean-ltd-rig-standing-strong-111143121.html","article_id":"2495692451","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495692451","pubTimestamp":1735643503,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The US stock market finished the day on a sour note anew amid the lack of fresh catalysts to spice up trading while investors repositioned their portfolios ahead of 2025.On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broad index decreased 0.95 percent or 56.48 points. Nasdaq Composite registered the biggest decline, down 1.19 percent or 235.24 points.Despite losses, 10 companies managed to eke out gains, with those in the energy sector posting notable performance. Let’s explore why.To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.An aerial view of an oil rig with drillers in hard hats working on the platform.Switzerland-based drilling firm Transocean Ltd.  reported a 3.68-percent increase in its share prices on Monday to finish the day at $3.66 apiece.It also added that Transocean’s recorded asset valuations were overstated, and as a result, Transocean would ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4092":"石油与天然气钻井","RIG":"Transocean Ltd."},"translate_title":"Transocean Ltd.(RIG)在市场下跌中是否坚挺？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIG":1},"content_text":"We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other firms stand strong amid market decline.\nThe US stock market finished the day on a sour note anew amid the lack of fresh catalysts to spice up trading while investors repositioned their portfolios ahead of 2025.\nOn Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broad index decreased 0.95 percent or 56.48 points. Nasdaq Composite registered the biggest decline, down 1.19 percent or 235.24 points.\nDespite losses, 10 companies managed to eke out gains, with those in the energy sector posting notable performance. Let’s explore why.\nTo come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.\n An aerial view of an oil rig with drillers in hard hats working on the platform. \nTransocean Ltd. (NYSE:RIG)\nSwitzerland-based drilling firm Transocean Ltd. (NYSE:RIG) reported a 3.68-percent increase in its share prices on Monday to finish the day at $3.66 apiece.\nInvestors discounted news of a recently filed class action lawsuit against the firm alleging that Transocean made materially false and misleading statements about its business, operations, and prospects.\nThe lawsuit added that Transocean’s Discoverer Inspiration, an ultra-deepwater dual-activity drillship, and Development Driller III, its ultra-deepwater semi-submersible were considered non-strategic assets.\nIt also added that Transocean’s recorded asset valuations were overstated, and as a result, Transocean would take nearly twice the vessels’ sale price in impairment if sold.\nJust recently, the company announced it has secured a multi-million deepwater drillship contract.\nThe estimated 270-day program is expected to commence in direct continuation of the rig’s firm term with Reliance and contribute approximately $111 million in backlog, excluding additional services.\nOverall, RIG ranks 5th on our list of firms stand strong amid market decline. While we acknowledge the potential of RIG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495692451"}