Brokerage Firm Rating Update on Transocean Ltd. (RIG)

Transocean Ltd. (RIG) : Zacks Investment Research ranks Transocean Ltd. (RIG) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 8 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 3.64, which indicates as a Sell.

Transocean Ltd. (RIG) : 15 Wall Street analysts covering Transocean Ltd. (RIG) believe that the average level the stock could reach for the short term is $9.48. The maximum price target given is $14 and the minimum target for short term is around $5, hence the standard deviation is calculated at $2.67.


The shares have received a consensus rating of Sell for the current week Also, Equity Analysts at the Citigroup upgrades the rating on Transocean Ltd. (NYSE:RIG). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Sell. The Analysts at the ratings agency raises the price target from $7 per share to $11 per share. The rating by the firm was issued on August 25, 2016.

Transocean Ltd. (NYSE:RIG): The stock opened at $9.99 and touched an intraday high of $10.11 on Wednesday. During the day, the stock corrected to an intraday low of $9.79, however, the bulls stepped in and pushed the price higher to close in the green at $9.93 with a gain of 0.10% for the day. The total traded volume for the day was 12,798,936. The stock had closed at $9.92 in the previous trading session.

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.

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