Transocean Ltd. (RIG) : 2 brokerage houses believe that Transocean Ltd. (RIG) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Transocean Ltd. (RIG). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 9 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Sell with a rating of 3.7.
Transocean Ltd. (RIG) : The most positive equity analysts on Transocean Ltd. (RIG) expects the shares to touch $14, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $9.33 with an expected fluctuation of $2.99 from the mean.
The shares have received a consensus rating of Sell for the current week Transocean Ltd. (NYSE:RIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.33 and $10.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.37, notching a gain of 1.07% for the day. The total traded volume was 16,236,670 . The stock had closed at $10.26 on the previous day.
In a related news,The officer (SVP and General Counsel) of Transocean Ltd., Sjobring Lars sold 5,324 shares at $14.4 on September 23, 2015. The Insider selling transaction had a total value worth of $76,666. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Companys 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 specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Companys mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles and drillships), 17 midwater floaters and 10 high-specification jackups.