Scotia Howard Weil disclosed Transocean (NYSE:RIG), hiking its price target to $14.00 earlier today
- Updated: October 3, 2016
Indicating a possible upside of 0.42%, Scotia Howard Weil bumped up the target of Transocean (NYSE:RIG) to $14.00
Previously on 9/29/2016, Vetr Inc. reported about Transocean (NYSE:RIG) raised the target price from $0.00 to $11.27. At the time, this indicated a possible upside of 0.06%.
Just yesterday Transocean (NYSE:RIG) traded -7.60% lower at $9.85. The company’s 50-day moving average is $9.82 and its 200-day moving average is $10.34. The last closing price is down -4.76% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 24,384,341 shares of RIG changing hands over the typical 15,572,800
With a total market value of $0, Transocean has price-earnings ratio of 2.87 with a one year low of $7.67 and a one year high of $17.19 .
A total of 29 equity analysts have released a research note 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.
More 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 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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