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Transocean LTD (NYSE:RIG) stock price target upped to $10.74, reported earlier today by Vetr Inc.

Transocean LTD (NYSE:RIG) had its estimated target price upped to $11 by Vetr Inc. in an issued report announced 8/22/2016. The latest target price suggests a possible upside of 0.06% from the bussiness’ previous stock close price.

On 8/12/2016, RBC Capital released a statement on Transocean LTD(NYSE:RIG) lowered the target price from $14.00 to $11.00 that indicated a possible upside of 0.06%.

Just yesterday Transocean LTD (NYSE:RIG) traded 1.19% lower at $10.09. The company’s 50-day average is $10.27 and its two hundred day moving average is $10.49. The last stock price is down 12.69% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. Trading volume was was down over the average, with 13,625,860 shares of RIG changing hands under the typical 15,063,200 shares..

See Chart Below:

Transocean LTD (NYSE:RIG)

With a market capitalization of $0.0, Transocean LTD has a one-year low of $7.67 and a 52 week high of $17.19 with a P/E ratio of 3.

In addition to Vetr Inc. reporting it’s price target, a total of 29 brokers have issued a ratings update on the company. The consensus target stock price is $8.58 with one firm rating the company a strong buy, one firm rating the company a buy, 13 analyts rating the stock a hold, 16 brokerages rating the company to underperform, and lastly six firmsrating the company as sell.

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, and over 10 midwater floaters and approximately 10 high-specification jackups.

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