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Jefferies Group cut their target price on shares of Transocean LTD (NYSE:RIG) from $41.00 to $40.00 in a research note issued on Friday. Jefferies Group’s price target indicates a potential upside of 4.63% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Transocean LTD from a “hold” rating to a “sell” rating in a research note on Monday. They now have a $27.00 price target on the stock, down previously from $45.00. Separately, analysts at Susquehanna cut their price target on shares of Transocean LTD from $38.00 to $37.00 in a research note on Tuesday, July 15th. Finally, analysts at BMO Capital Markets upgraded shares of Transocean LTD from an “underperform” rating to a “market perform” rating in a research note on Tuesday, July 15th. They now have a $43.00 price target on the stock, up previously from $34.00. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Transocean LTD presently has a consensus rating of “Hold” and a consensus price target of $44.54.

Shares of Transocean LTD (NYSE:RIG) opened at 38.23 on Friday. Transocean LTD has a one year low of $38.01 and a one year high of $55.74. The stock’s 50-day moving average is $42.95 and its 200-day moving average is $42.42. The company has a market cap of $13.839 billion and a price-to-earnings ratio of 8.99.

Transocean LTD (NYSE:RIG) last announced its earnings results on Wednesday, August 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.49. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that Transocean LTD will post $4.24 earnings per share 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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