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A Quick Look at Today's Ratings for Transocean(RIG.US), With a Forecast Between $6 to $7

Futu News ·  Nov 1 21:00  · Ratings

On Nov 01, major Wall Street analysts update their ratings for $Transocean (RIG.US)$, with price targets ranging from $6 to $7.

Evercore analyst James West maintains with a buy rating, and maintains the target price at $7.

BTIG analyst Gregory Lewis maintains with a buy rating, and adjusts the target price from $12 to $6.

Benchmark Co. analyst Kurt Hallead maintains with a hold rating.

SIG analyst Charles Minervino maintains with a buy rating, and adjusts the target price from $7 to $6.5.

Furthermore, according to the comprehensive report, the opinions of $Transocean (RIG.US)$'s main analysts recently are as follows:

  • Floaters' activity is observed to be decreasing, with approximately 125 floaters in operation in October, a slight reduction from the year-to-date average of around 128. The year 2025 is anticipated to be a transitional period for offshore drilling activities.

Here are the latest investment ratings and price targets for $Transocean (RIG.US)$ from 4 analysts:

StockTodayLatestRating_nn_201450_20241101_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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