NEW YORK (TheStreet) -- Transocean (RIG) - Get Report  is scheduled to report its fourth quarter 2015 earnings on Wednesday after the market close. 

Wall Street is looking for earnings of 73 cents a share on revenue of $1.44 billion.

These results are anticipated to be lower than a year ago when the company reported earnings of 95 cents a share on revenue of $2.24 billion.

The Vernier, Switzerland-based firm is projected to beat analysts' estimates for the latest quarter however, one major headwind is weak commodity prices.

Additionally, falling oil prices were putting pressure on shares today.

Crude oil (WTI) is tumbling 4.61% to $31.85 per barrel and Brent crude is sliding 4.24% to $33.22 per barrel. 

Oil futures slumped after Saudi Oil Minister Ali Ibrahim Naimi said earlier today that output cuts will not happen, but exporters will hopefully meet in March to negotiate an output freeze. 

Transocean stock is retreating 2.89% to $8.57 on Tuesday afternoon. 

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+. 

The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.

Recently, 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 articles's author.

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

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