|Bid||3.9400 x 41800|
|Ask||3.9900 x 39400|
|Day's range||3.8900 - 4.2450|
|52-week range||2.6300 - 5.5600|
|Beta (5Y monthly)||3.08|
|PE ratio (TTM)||N/A|
|Earnings date||02 May 2022 - 06 May 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||21 Aug 2015|
|1y target est||N/A|
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.
Its earnings missed expectations, but investors are optimistic about the future of energy investment.