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Transocean’s Stock Performance and Broad Equity Market Indexes

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Transocean’s stock performance

As of May 30, Transocean (RIG) stock had a good run in the last three months. The stock rose more than 37% during this period. Currently, Transocean is trading 11.2% lower than its 52-week high and 74.5% higher than its 52-week low. The Dow Jones Industrial Average (DIA) has fallen 1.4% in last three months as of May 30. The SPDR S&P 500 ETF (SPY) has risen 0.35% during the same period.

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YTD performance

Transocean has also outperformed the broad equity market indexes on a YTD (year-to-date) basis. As of May 30, Transocean had a YTD return of 17.7%, while DIA fell 0.27% and SPY rose 2.2% during the same period. Transocean has also outperformed the OFS industry ETF. The Energy Select Sector SPDR ETF (XLE) has risen 6.0%. The VanEck Vectors Oil Services ETF (OIH) has risen 6.10% since the beginning of 2018.

Below are the YTD returns of other offshore drillers on May 30:

  • Ensco (ESV) rose 10.5%.
  • Noble (NE) rose 27.8%.
  • Diamond Offshore (DO) fell 1.3%.
  • Rowan Companies (RDC) fell 1.3%.
  • Seadrill Partners (SDLP) fell 9.6%.
  • Seadrill (SDRL) rose 98.8%.

Series overview

In this series, we’ll discuss where Transocean’s revenues, costs, and capex could head in the second quarter.

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