Transocean Ltd (Switzerland) with ticker code (RIG) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 8 and 3.5 calculating the average target price we see 5.09. Given that the stocks previous close was at 4.27 this now indicates there is a potential upside of 19.2%. The 50 day moving average now sits at 4.13 and the 200 day moving average is 3.75. The market cap for the company is $3,321m. Find out more information at: https://www.deepwater.com
The potential market cap would be $3,958m based on the market concensus.
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.
