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Zephirin Group upgraded Transocean LTD (NYSE:RIG) to Buy in a statement released earlier today.

Showing a price of $9.16, Transocean LTD (NYSE:RIG) traded 2.18% lower on the day. The last stock price close is down 14.48% relative to the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. The company has logged a 50-day moving average of $10.07 and 200-day moving average of $10.48. 12,955,481 shares of the stock exchanged hands, down from ann average trading volume of 14,981,800

Zephirin Group has upgraded Transocean LTD(NYSE:RIG) to Buy in a report released 9/19/2016.

Recent Performance Chart:

Transocean LTD (NYSE:RIG)

In addition to Zephirin Group reporting it’s price target, a total of 29 analysts have released a ratings update on Transocean LTD. The consensus target price is $8.58 with one analyst rating the company a strong buy, one analyst rating the stock a buy, 13 analysts rating the stock a hold, 16 firms rating the company to underperform, and finally six firms rating the stock as sell.

Transocean LTD has a price-earnings of 3 with a one-year low of $7.67 and a 52 week high of $17.19 and has a market capitalization of $0.0.

Brief Synopsis 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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