Transocean Ltd. (NYSE:RIG) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Transocean Ltd. (NYSE RIG) opened at 10.39 on Tuesday. The company’s market cap is $4.06 billion. The stock has a 50 day moving average price of $10.05 and a 200-day moving average price of $9.36. Transocean Ltd. has a 12-month low of $7.20 and a 12-month high of $16.66.
Several research firms recently weighed in on RIG. Jefferies Group LLC set a $9.00 price target on Transocean and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Nomura cut their price target on Transocean from $8.00 to $7.00 and set a “reduce” rating on the stock in a research note on Thursday, August 17th. ValuEngine upgraded Transocean from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Pareto Securities upgraded Transocean from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $11.00 price target on shares of Transocean in a research note on Friday, September 1st. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.18.
In other Transocean news, CAO Howard E. Davis purchased 40,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $7.32 per share, for a total transaction of $292,800.00. Following the purchase, the chief accounting officer now owns 21,793 shares of the company’s stock, valued at approximately $159,524.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% 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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