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NEW YORK (TheStreet) -- Transocean (RIG) - Get Transocean Ltd (Switzerland) Report stock closed down by 4.73% to $8.87 in Tuesday's trading session, as falling oil prices negatively impacted shares of the offshore driller. 

Oil prices are pulling back from a recent rally, as investors become increasingly skeptical that a meeting among producers next month will result in a coordinated output freeze. 

"We're seeing more and more commentators raise the flag and saying 'have we seen too much, too soon?' in terms of the rally across the sector," Saxo Bank senior manager Ole Hansen told Reuters.

The market remains oversupplied, with U.S. crude stockpiles expected to have hit record highs for a seventh straight week, according to a Reuters survey. 

Crude oil (WTI) is declining by 2.44% to $38.43 per barrel and Brent crude is sinking by 2.41% to $39.30 per barrel this afternoon, according to the index.

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Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.

Transocean's weaknesses include a generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: RIG

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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