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Shares of Transocean LTD (NYSE:RIG) have been given an average recommendation of “Hold” by the thirty analysts that are presently covering the stock, Analyst Ratings Network reports. Six analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $43.99.

Shares of Transocean LTD (NYSE:RIG) opened at 38.78 on Wednesday. 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 $41.67 and its 200-day moving average is $42.07. The company has a market cap of $14.046 billion and a P/E ratio of 7.85.

Transocean LTD (NYSE:RIG) last released its earnings data 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. Analysts expect that Transocean LTD will post $4.52 EPS for the current fiscal year.

The company also recently declared a dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, August 20th.

RIG has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Transocean LTD from $45.00 to $42.00 in a research note on Friday, August 8th. Separately, analysts at Jefferies Group cut their price target on shares of Transocean LTD from $41.00 to $40.00 in a research note on Friday, August 8th. Finally, analysts at Deutsche Bank downgraded shares of Transocean LTD from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They now have a $27.00 price target on the stock, down previously from $45.00.

Transocean Ltd. (NYSE:RIG) is an international provider of offshore contract drilling services for oil and gas wells.

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