Stock Market Today, Feb. 12: Transocean Advances as $5.8 Billion Valaris Deal Reshapes Offshore Drilling Landscape
2026-02-12 18:48:02 ET
Transocean (NYSE:RIG) , an offshore contract driller for oil and gas wells, closed Thursday at $6.03, up 0.50%. The stock is reacting to continued momentum from its $5.8 billion Valaris (NYSE: VAL) acquisition agreement and fresh contract awards, while investors are watching how these moves reshape backlog, leverage, and long-term earnings power.
The company’s trading volume reached 102.9 million shares, which stands about 159% above compared with its three-month average of 39.8 million shares. Transocean went public in 1993 and has fallen 45% since its IPO.
The S&P 500 (SNPINDEX: ^GSPC) fell 1.57% to 6,832, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 2.03% to finish at 22,597. Within oil & gas drilling names, Noble Plc (NYSE:NE) closed at $42.58 (-3.36%) and Seadrill (NYSE:SDRL) finished at $41.13 (-4.37%), underperforming Transocean’s more resilient move.
NASDAQ: SDRL
SDRL Trading
1.92% G/L:
$42.95 Last:
267,759 Volume:
$41.66 Open:
