1. As of noon trading, Transocean ( RIG) is up $1.07 (1.9%) to $57.21 on light volume Thus far, 1.1 million shares of Transocean exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $56.52-$57.24 after having opened the day at $56.58 as compared to the previous trading day's close of $56.14. 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. Transocean has a market cap of $20.0 billion and is part of the energy industry. Shares are up 24.8% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Transocean a buy, no analysts rate it a sell, and 6 rate it a hold. TheStreet Ratings rates Transocean as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. Get the full Transocean Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.