In trading on Thursday, shares of Transocean Ltd (NYSE:RIG) crossed below their last reported book value — defined as common shareholder equity per share — of $67.01, changing hands as low as $65.84 per share. Transocean Ltd shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of RIG shares, versus its 50 and 200 day moving averages:
Looking at the chart above, RIG's low point in its 52 week range is $41.88 per share, with $85.98 as the 52 week high point — that compares with a last trade of $70.78.
RIG operates in the Oil & Gas Exploration & Production sector, among companies like Brigham Exploration Co. (BEXP) which is off about 1.4% today, and Precision Drilling Corp. (NYSE:PDS) trading lower by about 1.8%. Below is a three month price history chart comparing the stock performance of RIG, versus BEXP and PDS.
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