A number of firms have modified their ratings and price targets on shares of Transocean (NYSE: RIG) recently:

  • 9/19/2016 – Transocean was upgraded by analysts at Zephirin Group from a “hold” rating to a “buy” rating.
  • 9/15/2016 – Transocean was upgraded by analysts at Canaccord Genuity from a “sell” rating to a “hold” rating.
  • 9/14/2016 – Transocean is now covered by analysts at Howard Weil. They set a “sector perform” rating and a $12.00 price target on the stock.
  • 9/14/2016 – Transocean had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a $12.00 price target on the stock.
  • 9/12/2016 – Transocean was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $10.82 price target on the stock.
  • 9/8/2016 – Transocean was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $10.43 price target on the stock.
  • 8/25/2016 – Transocean was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $11.00 price target on the stock, up previously from $7.00.
  • 8/22/2016 – Transocean was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $10.74 price target on the stock.
  • 8/18/2016 – Transocean had its “buy” rating reaffirmed by analysts at Vetr. They now have a $10.74 price target on the stock.
  • 8/16/2016 – Transocean had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $10.00 price target on the stock, down previously from $11.00.
  • 8/16/2016 – Transocean was given a new $7.00 price target on by analysts at Nomura. They now have a “sell” rating on the stock.
  • 8/15/2016 – Transocean was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $10.74 price target on the stock.
  • 8/12/2016 – Transocean had its price target lowered by analysts at Royal Bank Of Canada from $14.00 to $11.00. They now have a “sector perform” rating on the stock.
  • 8/12/2016 – Transocean had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $11.00 price target on the stock, down previously from $14.00.
  • 8/8/2016 – Transocean had its “sell” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $5.00 price target on the stock.
  • 8/8/2016 – Transocean was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $10.74 price target on the stock.
  • 8/5/2016 – Transocean was upgraded by analysts at Susquehanna from a “negative” rating to a “neutral” rating. They now have a $11.00 price target on the stock, up previously from $10.00.
  • 8/5/2016 – Transocean had its price target raised by analysts at Simmons from $2.50 to $4.65. They now have an “underweight” rating on the stock.
  • 8/5/2016 – Transocean was given a new $9.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “sell” rating on the stock.
  • 8/4/2016 – Transocean had its “neutral” rating reaffirmed by analysts at Clarkson Capital. They now have a $12.00 price target on the stock.
  • 8/1/2016 – Transocean was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $10.68 price target on the stock.
  • 7/27/2016 – Transocean had its “sell” rating reaffirmed by analysts at Citigroup Inc..
  • 7/25/2016 – Transocean was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $10.68 price target on the stock.

Transocean Ltd. (NYSE:RIG) opened at 9.14 on Thursday. The company has a 50-day moving average of $10.00 and a 200-day moving average of $10.44. Transocean Ltd. has a 52 week low of $7.67 and a 52 week high of $17.19. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 2.67 and a beta of 1.90.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, August 3rd. The offshore drilling services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.18. Transocean had a net margin of 21.91% and a return on equity of 8.46%. The firm earned $943 million during the quarter. During the same period last year, the firm earned $1.11 earnings per share. Transocean’s revenue was down 49.9% on a year-over-year basis. Analysts anticipate that Transocean Ltd. will post $0.95 earnings per share for the current year.

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.

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