Transocean Ltd. (RIG) : During the past 4 weeks, traders have been relatively bearish on Transocean Ltd. (RIG), hence the stock is down -8% 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 -3.18% relative to the S&P 500. The 4-week change in the price of the stock is -8.19% and the stock has fallen -3.81% in the past 1 week.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 3.27% and the fifty day Moving Average is 9.75%. Transocean Ltd. is up 2.44% in the last three month period. Year-to-Date the stock performance stands at -18.5%.
Transocean Ltd. (RIG) : Currently there are 15 street experts covering Transocean Ltd. (RIG) stock. The most bullish and bearish price target for the stock is $14 and $5 respectively for the short term. The average price target of all the analysts comes to $9.48. The estimated standard deviation from the target is $2.67.
Transocean Ltd. (NYSE:RIG): stock turned positive on Friday. Though the stock opened at $10.08, the bulls momentum made the stock top out at $10.35 level for the day. The stock recorded a low of $10 and closed the trading day at $10.09, in the green by 0.20%. The total traded volume for the day was 12,171,812. The stock had closed at $10.07 in the previous days trading.
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.