Today: 29 June 2026
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NYSE:RIG 3 February 2026 - 24 June 2026

Transocean drops after shares get hit by oil move, $185 million in new contracts fails to stem fall

Transocean drops after shares get hit by oil move, $185 million in new contracts fails to stem fall

Transocean shares plunged 5.9% to $5.25 after oil prices tumbled on news of a U.S.-Iran interim deal to reopen the Strait of Hormuz, overshadowing the company’s $185 million in new contract backlog, most of which won’t begin until 2027-2028, as investors focused on immediate oil price risks and delayed revenue impact.
18 June 2026
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Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean’s Equinox rig resumed work for Beach Energy in Australia’s Otway Basin, with Phase 2 operations at Thylacine West underway. Transocean reported about $1.6 billion in new contract backlog since April, including deals in Brazil, Norway, and the Eastern Mediterranean. Beach said Otway Basin production fell 9% last quarter. Transocean shares traded at $6.52, little changed ahead of first-quarter results due May 4.
28 April 2026
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Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers

Transocean Stock Price Today: RIG Climbs as Oil Rebound Lifts Offshore Drillers

Transocean shares rose 2.9% to $6.645 Tuesday, tracking a rebound in Brent crude, which jumped over 4% to $104.13 a barrel. The company is working to close a $5.8 billion all-stock purchase of Valaris, aiming to create a 73-rig contractor while reducing debt. Transocean reported 2025 revenue up 13% to $3.965 billion and added $610 million in new contracts since October. The Valaris deal is expected to close in the second half of 2026.
24 March 2026
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Transocean Stock Price Today: What Is Driving RIG?

Transocean Stock Price Today: What Is Driving RIG?

Transocean shares rose to $6.46 Monday, outpacing peers as investors watched its planned $5.8 billion all-stock acquisition of Valaris. The company filed for authority to issue up to 240.8 million new shares and reported over 90% fleet commitment entering 2026. The merger would create a 73-rig fleet with nearly $11 billion in backlog if approved. Oil markets remained volatile after U.S.-Iran tensions eased.
24 March 2026
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Transocean Stock Price Today: RIG Slips as Oil Shock Meets Valaris Deal Test

Transocean Stock Price Today: RIG Slips as Oil Shock Meets Valaris Deal Test

Transocean shares slipped 3.5 cents to $6.28 Thursday, despite energy being the only S&P 500 sector to close higher as Gulf tanker attacks drove crude up nearly 10%. Investors weighed a $5.8 billion all-stock Valaris deal and $6.1 billion backlog against volatile oil prices and merger risks. WTI crude settled up 9.7%, Brent hit $100. The Valaris tie-up would create a 73-rig fleet with $10 billion backlog.
12 March 2026
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Why Transocean’s CEO and top executives just sold shares — SEC filings explain the timing

Why Transocean’s CEO and top executives just sold shares — SEC filings explain the timing

Transocean CEO Keelan Adamson and three other executives disposed of shares this week to cover taxes after equity awards vested, according to SEC filings. Shares fell 2.3% to $6.11 in premarket trading Wednesday. The disclosures come as Transocean pursues a $5.8 billion all-stock takeover of Valaris. Each filing described the sales as tax-related, not discretionary selling.
4 March 2026
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Why Transocean (RIG) stock is moving: $184 million Norway rig backlog, Valaris deal still in focus

Why Transocean (RIG) stock is moving: $184 million Norway rig backlog, Valaris deal still in focus

Transocean shares rose 1.3% to $6.08 premarket after disclosing $184 million in new Norway contract backlog for two harsh-environment rigs. The Transocean Encourage secured a seven-well extension worth $152 million, while the Enabler added two one-well options for $32 million. Most work begins in 2027. Investors await the Feb. 19 earnings and fleet status report.
12 February 2026
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Valaris stock price dips in premarket after Transocean deal-fueled 34% jump

Valaris stock price dips in premarket after Transocean deal-fueled 34% jump

Valaris shares fell 2% to $82.18 in premarket trading Tuesday after surging 34% on news of an all-stock takeover by Transocean. The deal values Valaris at $82.12 per share, with an exchange ratio of 15.235 Transocean shares for each Valaris share. Both companies expect to close in the second half of 2026, pending approvals. Valaris plans to report fourth-quarter results on Feb. 19.
10 February 2026
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Valaris stock jumps after Transocean moves to buy offshore driller

Valaris stock jumps after Transocean moves to buy offshore driller

Valaris shares surged 23% after Transocean agreed to acquire the offshore driller in a $5.8 billion all-stock deal, valuing Valaris at $82.12 per share. The combined company would control 73 rigs and an enterprise value of about $17 billion. Valaris holders will get 15.235 Transocean shares for each Valaris share. The deal requires shareholder and regulatory approval.
9 February 2026
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Stock Market Today

  • Xero and Light & Wonder Stocks Trading Below Fair Value on Cash Flow Analysis
    June 28, 2026, 9:23 PM EDT. Investors are eyeing stocks with strong cash flow prospects amid mixed global growth signals. New Zealand's Xero (ASX:XRO), a cloud accounting software firm with A$11.78 billion market cap, shows potential due to high subscription-based revenue and 88% gross margins, despite recent net income pressures and a modest 6.1% profit margin. Its deployment of AI tools like Claude integration aims to enhance customer retention and cash generation. Las Vegas-based Light & Wonder (ASX:LNW), valued at A$8.62 billion, benefits from a diverse revenue mix in gaming and digital wagering, with 69% from recurring streams. Both stocks trade below their discounted cash flow (DCF) estimated fair values, appealing to investors focusing on fundamentals over short-term market noise amid uncertain macroeconomic conditions.

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