Transocean Ltd (Switzerland) – Consensus Indicates Potential -1.8% Downside

Broker Ratings

Transocean Ltd (Switzerland) which can be found using ticker (RIG) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 12 and 3.5 suggesting an average Analsyt target price of $6.56. Given that the stocks previous close was at $6.68 this would imply there is a potential downside of -1.8%. Also worth taking note is the 50 day moving average now sits at $6.43 and the 200 moving average now moves to $4.30. The company has a market capitalization of $4,575m. You can visit the company’s website by visiting:

The potential market cap would be $4,493m based on the market concensus.

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Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.

The company is not paying dividends at this time.

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