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Citigroup upgraded Transocean (NYSE:RIG) from Neutral to Buy in a report released today.

Citigroup has upgraded Transocean (NYSE:RIG) from Neutral to Buy in a report released on 10/12/2017.

Previously on 10/10/2017, Deutsche Bank reported about Transocean (NYSE:RIG) raised the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.24%.

Yesterday Transocean (NYSE:RIG) traded -2.07% lower at $10.61. RIG’s 50-day average is $9.32 and its two hundred day average is $9.57. With the last close up 8.54% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 5,239,395 shares of RIG changing hands under the typical 17,054,400

Performance Chart

Transocean (NYSE:RIG)

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

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

Brief Synopsis About Transocean (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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