Susquehanna Bancshares set a $11.00 price target on Transocean (NYSE:RIG) in a report published on Friday, January 12th. The firm currently has a hold rating on the offshore drilling services provider’s stock.
A number of other research analysts have also commented on RIG. Jefferies Group reiterated a hold rating and set a $9.00 price objective on shares of Transocean in a research note on Friday, September 22nd. UBS Group upgraded shares of Transocean from a neutral rating to a buy rating and raised their price objective for the company from $9.00 to $15.00 in a research note on Monday, September 25th. Nordea Equity Research restated a buy rating and issued a $14.00 price target on shares of Transocean in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of Transocean from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada set a $11.00 price target on shares of Transocean and gave the stock a hold rating in a research report on Thursday, October 5th. Eleven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $12.11.
Shares of Transocean (NYSE:RIG) opened at $10.32 on Friday. Transocean has a 12 month low of $7.20 and a 12 month high of $14.33. The company has a market cap of $4,040.00, a P/E ratio of -1.45 and a beta of 1.55. The company has a quick ratio of 2.13, a current ratio of 2.36 and a debt-to-equity ratio of 0.51.
Large investors have recently bought and sold shares of the company. Dumont & Blake Investment Advisors LLC bought a new position in shares of Transocean during the 3rd quarter worth about $108,000. Saratoga Research & Investment Management bought a new position in shares of Transocean during the 3rd quarter worth about $115,000. IndexIQ Advisors LLC bought a new position in shares of Transocean during the 3rd quarter worth about $117,000. XR Securities LLC bought a new position in shares of Transocean during the 4th quarter worth about $120,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Transocean during the 3rd quarter worth about $124,000. Institutional investors own 73.11% of the company’s stock.
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Transocean Company Profile
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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