Transocean Ltd (Switzerland) – Consensus Indicates Potential -30.0% Downside

Broker Ratings

Transocean Ltd (Switzerland) found using ticker (RIG) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The target price ranges between 12 and 0.1 calculating the mean target price we have 2.43. Now with the previous closing price of 3.47 this is indicating there is a potential downside of -30.0%. The 50 day MA is 3.33 while the 200 day moving average is 1.9. The market cap for the company is $2,344m. Visit the company website at: http://www.deepwater.com

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its drilling rigs, related equipment, and work crews to drill oil and gas wells. As of October 27, 2020, the company owned or had partial ownership interests in and operated 38 mobile offshore drilling units, including 27 ultra-deepwater floaters and 11 harsh environment floaters. It serves integrated oil companies, government-owned or government-controlled oil companies, and other independent oil companies. The company is based in Steinhausen, Switzerland.

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