Transocean Stock Plunges 43% in a Year: Time to Hold or Sell?

Key Takeaways Transocean shares fell 43% in a year, underperforming the oil and gas drilling industry.The firm posted a $938M Q2 loss, widened by costs and peer underperformance comparisons.Debt of $5.89B, share dilution and weak contract activity weigh on near-term prospects.In the past year, Transocean Ltd.’s (RIG) shares have lost 43.4%, underperforming the Oil & Gas Drilling sub-industry’s decline of 39.4%. This decrease also outpaced the broader oil and energy sector's modest 1.9% decline. Peer compari ...