Rising Crude Prices Buoy Transocean Shares

Shares of Transocean (RIG) - Get Report , a member of Real Money's Stressed Out watch list, were among the best-performing in the S&P 500, with crude prices lifting shares of the Swiss offshore driller on Monday. Analysts with Jefferson Research recently defended their SELL rating on Transocean, whose shares are now down about 23% so far on the year, on the basis of weak earnings quality and operating efficiency. The analysts also added that Transocean has managed to produce a strong cash flow and improving balance-sheet quality. Meanwhile, Canaccord Genuity analyst Alex Brooks recently upgraded the firm's rating on Transocean to Hold from Sell on the basis of opportunities in the offshore drilling industry.

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