Why are stocks falling?
RIG | Complete Transocean Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
How often are the rig stock predictions updated?
Aug 06, 2021 · $4.19 Price as of April 11, 2022, 4:53 p.m. ET Falling oil prices and financial health concerns dragged Transocean stock down last month. What happened Transocean ( RIG -5.84% ) fell 20% in July as...
Are rig shares a good investment for making money?
Jan 13, 2016 · RIG's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 32.52%, which is also worse that the performance of the...
Why are short-term and long-term rig (Transocean Ltd) stock price predictions different?
Apr 08, 2022 · Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.52. On a fall, the stock will find some support from the long-term average at approximately $4.28. A break-up through the …
Is RIG a good investment?
may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of RIG, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Is RIG a buy or sell?
The company remains saddled with legacy debt and is not suitable as a long term investment. We recommend investors with strong appetite for risk should consider RIG at current levels for growth, while taking profits if shares eclipse the $5.00 level.Sep 22, 2021
Is RIG a buy right now?
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
Why did Transocean stock drop?
Transocean (NYSE: RIG) fell 20% in July as lower oil prices soured investor sentiment on oil production and exploration stocks. No bad news came out in the month about Transocean, specifically, but lower-than-expected crude oil prices could threaten the company's financial performance in the coming quarters.Aug 6, 2021
Will RIG go up?
Given the current short-term trend, the stock is expected to rise 39.93% during the next 3 months and, with a 90% probability hold a price between $5.74 and $7.86 at the end of this 3-month period.
What is the future of Transocean stock?
Stock Price Forecast The 11 analysts offering 12-month price forecasts for Transocean Ltd have a median target of 4.50, with a high estimate of 6.00 and a low estimate of 3.00. The median estimate represents a -1.96% decrease from the last price of 4.59.
Does RIG pay a dividend?
TRANSOCEAN (NYSE: RIG) does not pay a dividend.
What is RIG slang for?
The 'rig' that means "to manipulate or control usually by deceptive or dishonest means" first appeared in an 18th century slang dictionary with the definition "game, diversion, ridicule. See 'fun'."
What happened to Transocean?
In 2010, Transocean was found partially responsible (30% of total liability) for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico....Transocean.TypePublicTraded asNYSE: RIGISINCH0048265513IndustryOilfield services, offshore drilling & equipmentPredecessorSonat13 more rows
Is Transocean RIG a buy?
One company to watch right now is Transocean (RIG). 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
What happened
So what
Transocean ( NYSE:RIG) fell 20% in July as lower oil prices soured investor sentiment on oil production and exploration stocks. No bad news came out in the month about Transocean, specifically, but lower-than-expected crude oil prices could threaten the company's financial performance in the coming quarters.
Now what
The wild ride continues for energy-sector stocks. Crude oil spot prices recovered throughout the first half of 2021, and the West Texas Intermediate spot price was above $75 per barrel entering July. Things got ugly again in the middle of the month, and crude tumbled to the $65 dollar range by July 20.
Signals & Forecast
Transocean's stock will rise and fall with oil prices, but it brings financial risks that exaggerate these downward moves relative to its peers. The company operates a low-growth business that's extremely capital intensive. It will always need to invest large sums in heavy machinery to conduct its operations.
Support, Risk & Stop-loss
The Transocean Ltd stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Is Transocean Ltd stock A Buy?
Transocean Ltd finds support from accumulated volume at $3.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
RIG Target Price
Transocean Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Transocean Ltd ( RIG ) Stock Market info
RIG price target in 14 days: 4.020 USD* upside and 3.255 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Transocean Ltd ( RIG ) Stock Price Prediction, Stock Forecast for next months and years
Recommendations: Buy or sell Transocean stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Transocean share forecasts, stock quote and buy / sell signals below.
