Transocean (RIG) Receives a Buy from Evercore ISI
Evercore ISI analyst James West maintained a Buy rating on Transocean (RIG) today and set a price target of $13.00. The company’s shares closed last Monday at $4.34, close to its 52-week low of $3.76.
According to TipRanks.com, West ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.4% and a 34.9% success rate. West covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Baker Hughes Company, and Pacific Drilling SA.
Transocean has an analyst consensus of Hold, with a price target consensus of $8.00.
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The company has a one-year high of $9.79 and a one-year low of $3.76. Currently, Transocean has an average volume of 15.34M.
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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 1954 and is headquartered in Steinhausen, Switzerland.