Transocean LTD Declares Dividend of $0.75 (RIG)
Transocean LTD (NYSE:RIG) announced a dividend on Tuesday, May 20th, Analyst RN reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.75 per share on Wednesday, June 18th. The ex-dividend date is Wednesday, May 28th.
RIG has been the subject of a number of recent research reports. Analysts at Susquehanna reiterated a “neutral” rating on shares of Transocean LTD in a research note on Monday. They now have a $41.00 price target on the stock, down previously from $43.00. On a related note, analysts at Barclays cut their price target on shares of Transocean LTD from $45.00 to $42.00 in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Transocean LTD from $41.00 to $40.00 in a research note on Tuesday, May 13th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Transocean LTD has an average rating of “Hold” and an average price target of $21,784.77.
Transocean LTD (NYSE:RIG) opened at 41.94 on Thursday. Transocean LTD has a one year low of $38.47 and a one year high of $55.74. The stock has a 50-day moving average of $41.79 and a 200-day moving average of $45.07. The company has a market cap of $15.182 billion and a P/E ratio of 9.73.
Transocean LTD (NYSE:RIG) last announced its earnings results on Wednesday, May 7th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.40. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Transocean LTD will post $4.32 EPS for the current fiscal year.
Transocean Ltd. (NYSE:RIG) is an international provider of offshore contract drilling services for oil and gas wells.
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