NEW YORK (TheStreet) -- Shares of Transocean (RIG) - Get Report are up 5.26% to $17.22 in midday trading Tuesday, as crude oil prices rally after the U.S. Energy Information Administration said that it expects U.S. shale production to fall by 45,000 barrels per day to 4.98 million barrels per day in May, Reuters reports.

Also, oil prices are higher amid tensions in Yemen, where the leading oil exporter Saudi Arabia is involved in a civil war, according to Reuters.

WTI crude for May delivery was trading up 2.77% to $53.35 a barrel as of 11:55 a.m. ET, while Brent crude for May delivery was similarly up 1.45% to $58.77 a barrel.

Switzerland-based Transocean is an international provider of offshore contract drilling services for oil and gas wells, operating under the contract drilling services and drilling management services segments.

Separately, TheStreet Ratings team rates TRANSOCEAN LTD as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRANSOCEAN LTD (RIG) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows: