Transocean (NYSE: RIG) shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $54.88 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for Transocean has been 5.2 million shares per day over the past 30 days. Shares are up 19.7% year to date as of the close of trading on Monday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services, as well as logistics services. The company has a P/E ratio of 11.98. TheStreet Ratings rates Transocean as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Transocean Ratings Report now.
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