NYSE:RIGEnergy Services
Is Transocean (RIG) A Potential Opportunity After Recent Share Price Rebound?
If you are wondering whether Transocean at US$4.83 is a bargain or a value trap, you are not alone. This article is built to help you frame that question clearly.
The stock has returned 14.2% over the last 7 days, 20.4% over 30 days, 13.9% year to date and 25.5% over 1 year. The 3 year return is negative at 27.1% and the 5 year return sits at 43.8%.
Recent news around offshore drilling, contract activity and sector sentiment has been a key backdrop for these price moves. Investors are...