RIG stock forecast, quote, news & analysis

The most notable companies in this group are Transocean Ltd (NYSE:RIG).

The contract drilling industry includes companies that provide onshore and offshore drilling services to the energy sector. Services are delivered on a contractual or per-fee basis. Customers of this industry include major and independent oil and gas companies. Strong oil demand could potentially boost contract fees. Helmerich & Payne, Inc., Transocean Ltd and Patterson-UTI Energy, Inc. are among the major drilling companies in the U.S.

The average market capitalization across the Contract Drilling Industry is 1.79B. The market cap for tickers in the group ranges from 21.2K to 6.82B. NE holds the highest valuation in this group at 6.82B. The lowest valued company is EXLA at 21.2K.

The average weekly price growth across all stocks in the Contract Drilling Industry was -1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -7%. SOC experienced the highest price growth at 17%, while ICDI experienced the biggest fall at -67%.

The average weekly volume growth across all stocks in the Contract Drilling Industry was 9%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was 87%