Transocean (RIG)
Transocean Beneish M-Score: -3.220
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RIG Beneish M-Score Rankings
| Overall | 80th percentile | 742 of 3771 |
| Sector | 89th percentile | 40 of 393 in Basic Materials |
| Industry | 85th percentile | 7 of 49 in Oil & Gas Drilling & Exploration |
RIG Beneish M-Score Range, Past 5 Years
| Minimum | -3.220 | Dec 2011 |
| Maximum | -1.411 | Dec 2007 |
| Average | -2.445 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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RIG News
so when all these energy companies stop drilling for oil and stop servicing those drillers, wonder where those jobs go. $OIH $RIG $WFT
about a day ago by mytfine
about a day ago by mytfine
$RIG Mentioned more than normal on StockTwits - Currently at 5 x average daily social activity
about a day ago by TradeIdeasQuant
about a day ago by TradeIdeasQuant
RT @DragonSeeker $RIG Just tucked some away in my LT account.>Hard to watch. Markets up yesterday +.60, market down today -1.88. Sick game
about a day ago by Pokytime
about a day ago by Pokytime
@Pokytime $RIG Great investment overtime. Oil prices will double over time and so will $RIG
about 7 days ago by Vegastrader
about 7 days ago by Vegastrader
RT @Vegastrader Stalking $RIG Market leader deep sea drilling>I own it, its been hard to watch, was strong a month ago when it hit $59.
about 7 days ago by Pokytime
about 7 days ago by Pokytime
Guggenheim Initiates Coverage on Several Oil & Gas Drilling & Exploration Stocks; Upgrades DO & ESV, Lowers RDC
May 22, 12:45PM Street Insider
May 22, 12:45PM Street Insider
Transocean Ltd. Shareholders Approve All Proposals at Annual General Meeting
May 18, 11:48AM Thomson Reuters ONE
May 18, 11:48AM Thomson Reuters ONE
@CDMCapital like the sector but fave plays r $ESV $WFT $CAM $SLB $RIG. Would stay away from $BHI $HAL undervalued but too much headline risk
about 15 days ago by mytfine
about 15 days ago by mytfine
@crudeoiltrader dont understand the huge drop in the drillers.. has demand decreased that much ? $RIG
about 17 days ago by kawfeeman
about 17 days ago by kawfeeman
$RIG another one that goes down everyday and has lost all support. wrong sector. some support 34, but prob tests december '11 close
about 17 days ago by mytfine
about 17 days ago by mytfine
Who Offers the Highest Dividend Among the Offshore Drillers? > http://stks.co/3nk5 $SDRL $RIG $OIL
about 18 days ago by crudeoiltrader
about 18 days ago by crudeoiltrader
Trading The US Financial Markets May 9 2012 "Live video" $nflx $ctsh $rig $ctxs http://stks.co/3iuQ
about 23 days ago by techwealth
about 23 days ago by techwealth
UBS Maintains a 'Buy' on Transocean (RIG); Offshore Demand Exceeding Supply
May 04, 3:23PM Street Insider
May 04, 3:23PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RIG | 40.83 | -0.53 | -1.28% | 14.49B |
| RICK | 7.88 | -0.01 | -0.13% | 76.30M |
| RIC | 5.86 | -0.16 | -2.66% | 199.92M |
| RHT | 51.35 | -0.18 | -0.35% | 9.953B |
| RES | 10.39 | -0.25 | -2.35% | 2.335B |
| RENT | 16.28 | +0.07 | +0.43% | 178.31M |
| RENN | 4.74 | +0.19 | +4.18% | 1.168B |
| REN | 8.75 | +0.11 | +1.27% | 526.52M |
| REMX | 13.49 | -0.06 | -0.47% | |
| REM | 14.02 | +0.01 | +0.07% |
