Transocean Ltd. (RIG) : During the past 4 weeks, traders have been relatively bearish on Transocean Ltd. (RIG), hence the stock is down -10.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.31% relative to the S&P 500. The 4-week change in the price of the stock is -12.68% and the stock has fallen -6.82% in the past 1 week.
The stock has recorded a 20-day Moving Average of 7.59% and the 50-Day Moving Average is 14.35%.The 200 Day SMA reached 13.53% Transocean Ltd. has dropped 19.01% during the last 3-month period . Year-to-Date the stock performance stands at -26.01%.
Transocean Ltd. (RIG) : 16 Wall Street analysts covering Transocean Ltd. (RIG) believe that the average level the stock could reach for the short term is $9.67. The maximum price target given is $14 and the minimum target for short term is around $5, hence the standard deviation is calculated at $2.64.
The shares have received a consensus rating of Sell for the current week Transocean Ltd. (NYSE:RIG): stock was range-bound between the intraday low of $9.0201 and the intraday high of $9.3 after having opened at $9.12 on Fridays session. The stock finally closed in the red at $9.12, a loss of -1.19%. The stock remained in the red for the whole trading day. The total traded volume was 13,625,860 shares. The stock failed to cross $9.3 in Fridays trading. The stocks closing price on Thursday was $9.16.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Companys primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Companys mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles and drillships), 17 midwater floaters and 10 high-specification jackups.