Transocean (NYSE:RIG) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Transocean to post earnings of ($0.21) per share for the quarter.
Shares of Transocean (RIG) opened at $9.51 on Tuesday. The stock has a market capitalization of $3,720.00, a P/E ratio of -1.33 and a beta of 1.55. Transocean has a one year low of $7.20 and a one year high of $14.33. The company has a quick ratio of 2.13, a current ratio of 2.36 and a debt-to-equity ratio of 0.51.
Several research firms have recently issued reports on RIG. BMO Capital Markets set a $7.00 price objective on Transocean and gave the company a “sell” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies set a $11.00 price objective on Transocean and gave the company a “hold” rating in a research note on Wednesday, January 10th. Cowen set a $8.00 price objective on Transocean and gave the company a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada raised their price objective on Transocean from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 14th. Finally, ValuEngine lowered Transocean from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Eleven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.11.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.
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