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A statement released earlier today by RBC Capital Markets about Transocean Ltd (NYSE:RIG) bumps the target price to $13.00

Boasting a price of $10.80, Transocean Ltd (NYSE:RIG) traded -1.02% lower on the day. With the last close up 7.25% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Transocean Ltd has recorded a 50-day average of $9.72 and a two hundred day average of $9.52. Volume of trade was down over the average, with 4,574,110 shares of RIG changing hands under the typical 17,545,700

RBC Capital Markets bumped up the target of Transocean Ltd (NYSE:RIG) to $13.00 stating a potential upside of 0.20%.

Performance Chart

Transocean Ltd (NYSE:RIG)

With a total market value of $0, Transocean Ltd has with a one year low of $7.20 and a one year high of $16.66 .

A total of 29 analysts have released a research note on RIG. One analyst rating the company a strong buy, one analyst rating the company a buy, thirteen analysts rating the company a hold, sixteen analysts rating the company a underperform, and finally six analysts rating the company a sell with a one year target of $8.58.

More About Transocean Ltd (NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.

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