Transocean (RIG) to Release Earnings on Tuesday
Transocean (NYSE:RIG) will issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.
Transocean (NYSE:RIG) opened at $9.51 on Tuesday. The company has a market capitalization of $3,720.00, a price-to-earnings ratio of -1.33 and a beta of 1.55. Transocean has a fifty-two week low of $7.20 and a fifty-two week high of $14.33. The company has a current ratio of 2.36, a quick ratio of 2.13 and a debt-to-equity ratio of 0.51.
RIG has been the topic of several research reports. Royal Bank of Canada raised their price objective on Transocean from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 14th. ValuEngine upgraded Transocean from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Jefferies Group raised their price objective on Transocean from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. BMO Capital Markets set a $7.00 price objective on Transocean and gave the stock a “sell” rating in a report on Wednesday, October 18th. Finally, Susquehanna Bancshares set a $11.00 price objective on Transocean and gave the stock a “hold” rating in a report on Friday, January 12th. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.11.
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.
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