Transocean Ltd (Switzerland) – Consensus Indicates Potential -19.6% Downside

Broker Ratings

Transocean Ltd (Switzerland) found using ticker (RIG) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 10 and 3.5 and has a mean target at 6.02. Given that the stocks previous close was at 7.49 this indicates there is a potential downside of -19.6%. The 50 day moving average now sits at 5.63 while the 200 day moving average is 4.07. The market capitalisation for the company is $5,060m. Find out more information at:

The potential market cap would be $4,067m 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. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

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