RIG has been the topic of several recent analyst reports.
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Transocean Ltd. has 1 year price target of $14.21. The company said total consideration for the transaction is expected to be approximately Dollars $1.35 billion and includes the remaining contract backlog and remaining yard installments to Keppel for the five newbuilds. They noted that the move was a valuation call.
Transocean Ltd. (NYSE:RIG) has 381.02 Million shares outstanding and 381.02 Million shares were floated in market.
Analyst recommendation for this stock stands at 3.30.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.
Transocean LTD (NYSE:RIG) is trading more than 2.5 percent on Monday following the disclosure that the company has struck a deal to divest 15 rigs for about $1.35 billion.
In the past 6 months, 1 Insider purchases and 1 Insider Sales were made in which 1500 shares were traded as Insider purchases and 5324 shares were exchanged as Insider Sales. The firm has a 50 day moving average price of $13.37 and a 200 day moving average price of $12.30.
During the 52-week period, the stock hit a high of $16.66 and a low of $8.34.
Transocean Ltd.is an worldwide provider of offshore contract drilling services for oil and gas wells. Transocean LTD had a return on equity of 6.80% and a net margin of 23.14%. Analysts predict that Transocean LTD will post ($0.55) earnings per share for the current fiscal year. Municipal Employees Retirement System of MI increased its position in Transocean LTD by 0.3% in the third quarter. (NYSE:ARNC) [Trend Analysis], stock knocked up around 0.66% in early session as its gaining volume of 5.97 Million. Municipal Employees Retirement System of MI boosted its stake in Transocean LTD by 0.3% in the third quarter. The company reported its last quarter on Dec 16. Norinchukin Bank The boosted its stake in Transocean LTD by 2.1% in the third quarter. Arizona State Retirement System now owns 84,600 shares of the offshore drilling services provider's stock valued at $902,000 after buying an additional 400 shares in the last quarter. Perhaps it's the price of oil, which has fallen 1.2% to $48.71 a barrel this morning, and has helped sink Transocean's competitors, including Noble (NE), Atwood Oceanics (ATW), and Diamond Offshore Drilling (DO) this morning.
The rig market deal is Borr's biggest since it was set up in 2016 by Tor Olav Troeim and other executives who had left Seadrill, once the jewel in the crown of Norwegian-born shipping tycoon John Fredriksen but now battling with $14 billion in debt and liabilities.