What does target price mean in stocks?
Apr 04, 2022 · Transocean's stock was trading at $1.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RIG stock has increased by 236.8% and is now trading at $4.58. View which stocks have been most impacted by COVID-19.
Is target stock a Buy Right Now?
Transocean stock price target raised to $3.00 from $2.50 at Cowen. Nov. 16, 2021 at 6:14 a.m. ET by Tomi Kilgore.
What is target stock value?
Transocean Ltd (NYSE:RIG) Transocean Ltd. 4.46. Delayed Data. As of 4:00pm ET. +0.135 / +3.12%. Today’s Change. 2.63.
How good are analyst price targets?
52-Wk Range. Day Chart. Market Cap. RIG. 2.9500. -0.1900. -6.05%. USD. 4:00PM EST.
Is RIG stock a good buy?
RIG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Investors should also recognize that RIG has a P/B ratio of 0.22.Nov 10, 2021
Is RIG stock a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What is the price target for RIG?
Stock Price Target RIGHigh$6.00Median$4.50Low$3.00Average$4.24Current Price$4.58
Will RIG stock go up?
Given the current short-term trend, the stock is expected to rise 41.94% during the next 3 months and, with a 90% probability hold a price between $5.99 and $7.66 at the end of this 3-month period.
Is Transocean stock a buy?
Summary. Transocean is in a speculative buy zone, and has some unique characteristics that will lift rig rates modestly over the next year. Oil prices are currently very supportive for higher rig rates, and if we get above $80 a bbl for Brent sustainably, could create lift in demand.Sep 22, 2021
Does RIG pay a dividend?
TRANSOCEAN (NYSE: RIG) does not pay a dividend.
How high does IDEX go?
IDEX stock hit a 2022 high of $1.44 in early January and a low of $0.87 later in the same month. In 2021 its stock price ranged from 88 cents to $5.53. In an interview with Capital.com, Vinod Jain, senior analyst at Aite-Novarica Group, said “the stock could see more volatility due to its current price point”.Mar 22, 2022
What is the future of Transocean stock?
On average, Wall Street analysts predict that TRANSOCEAN's share price could fall to $3.50 by Mar 7, 2023. The average TRANSOCEAN stock price prediction forecasts a potential downside of 23.58% from the current RIG share price of $4.58.
Why is Transocean stock so low?
Given the situation, it is not very clear why Transocean's stock is trading that low. After all, Transocean is an offshore oil driller. Its revenue and therefore the stock price relies heavily on the oil prices. Big Oil invests heavily in offshore drilling contracts if it is profitable for them to do so.Oct 14, 2021
Is Transocean a buy right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 5 hold...
How has Transocean's stock price been impacted by Coronavirus (COVID-19)?
Transocean's stock was trading at $1.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organ...
When is Transocean's next earnings date?
Transocean is scheduled to release its next quarterly earnings announcement on Monday, May 2nd 2022. View our earnings forecast for Transocean .
How were Transocean's earnings last quarter?
Transocean Ltd. (NYSE:RIG) issued its earnings results on Tuesday, February, 22nd. The offshore drilling services provider reported ($0.19) earning...
What price target have analysts set for RIG?
5 brokerages have issued 1-year target prices for Transocean's stock. Their forecasts range from $3.00 to $4.00. On average, they anticipate Transo...
Who are Transocean's key executives?
Transocean's management team includes the following people: Jeremy D. Thigpen , President, CEO & Executive Director Keelan I. Adamson , Chief Op...
What is Jeremy D. Thigpen's approval rating as Transocean's CEO?
57 employees have rated Transocean CEO Jeremy D. Thigpen on Glassdoor.com . Jeremy D. Thigpen has an approval rating of 60% among Transocean's emp...
Who are some of Transocean's key competitors?
Some companies that are related to Transocean include Helmerich & Payne (HP) , Valaris (VAL) , Patterson-UTI Energy (PTEN) , Baytex Energy (BTE...
What other stocks do shareholders of Transocean own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA) , Endologix (ELG...
About Transocean
Headlines
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
Transocean (NYSE:RIG) Frequently Asked Questions
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Recently Viewed Tickers
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Transocean stock.
Transocean Ltd
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New York Stock Exchange
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
Environmental, Social, and Governance Rating
Transocean is a top offshore drilling contractor, providing rigs and equipment to help its customers find and develop oil and natural gas reserves.
Business Summary
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.