A statement released earlier today by Vetr Inc. about Transocean LTD (NYSE:RIG) ups the target price to $11.27
- Updated: September 29, 2016
Reporting a potential upside of 0.06%, Vetr Inc. upped the price target of Transocean LTD (NYSE:RIG) to $11.27
Having a price of $10.63, Transocean LTD (NYSE:RIG) traded 6.09% higher on the day. With the last close up 2.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RIG has recorded a 50-day average of $9.82 and a two hundred day average of $10.37. Trade Volume was up over the average, with 31,640,997 shares of RIG changing hands over the typical 15,514,900
With a total market value of $0, Transocean LTD has price-earnings ratio of 3.10 with a one year low of $7.67 and a one year high of $17.19 .
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 primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.
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