Zacks Rating 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) : The highest short term price target forecast on Transocean Ltd. (RIG) is $14 and the lowest target price is $5. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $9.48 with a standard deviation of $2.67.


Shares of Transocean Ltd. appreciated by 1.38% during the last five trading days but lost 7.57% on a 4-week basis. Transocean Ltd. is up 11.17% in the last 3-month period. Year-to-Date the stock performance stands at -17.21%. Transocean Ltd. (NYSE:RIG): stock turned positive on Tuesday. Though the stock opened at $10.03, the bulls momentum made the stock top out at $10.33 level for the day. The stock recorded a low of $10.02 and closed the trading day at $10.25, in the green by 1.49%. The total traded volume for the day was 9,876,583. The stock had closed at $10.1 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.

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