DOJ to Transocean: You Should Not Be Immune from Civil Penalties

With accusations of “willful misconduct,” the Justice Department petitions the New Orleans district court to refuse oil drilling contractor Transocean’s (NYSE:RIG) request to guard itself against civil penalties resulting from last year’s oil spill in the Gulf of Mexico. The action indicates the U.S. government may want RIG — and possibly BP (NYSE:BP) — slapped with the maximum possible penalties.

Here’s how all the Gulf Oil company shares are trading on the news:

Transocean Ltd. (NYSE:RIG): RIG shares recently traded at $42.50, down $1.45, or 3.3%. They have traded in a 52-week range of $41.28 to $85.98. Volume today was 14,072,132 shares versus a 3-month average volume of 7,397,440 shares. The company’s trailing earnings are $-1.25 per share. Get the most recent company news and stock data here >>

BP plc (NYSE:BP): BP shares recently traded at $42.45, up $0.38, or 0.9%. They have traded in a 52-week range of $33.62 to $49.50. Volume today was 3,406,783 shares versus a 3-month average volume of 8,710,650 shares. The company’s trailing P/E is 5.88, while trailing earnings are $7.22 per share. Get the most recent company news and stock data here >>

Halliburton Company (NYSE:HAL): HAL shares recently traded at $33.69, up $0.56, or 1.69%. They have traded in a 52-week range of $27.21 to $57.77. Volume today was 9,271,710 shares versus a 3-month average volume of 20,090,000 shares. The company’s trailing P/E is 12.22, while trailing earnings are $2.76 per share. Get the most recent company news and stock data here >>

Cameron International Corporation (NYSE:CAM): CAM shares recently traded at $52.78, up $1.49, or 2.91%. They have traded in a 52-week range of $38.77 to $63.16. Volume today was 1,383,015 shares versus a 3-month average volume of 3,160,630 shares. The company’s trailing P/E is 22.47, while trailing earnings are $2.35 per share. Get the most recent company news and stock data here >>

More from The Cheat Sheet