Transocean Ltd has a consensus price target of $7.04, established from looking at the 35 latest analyst ratings. The last 3 analyst ratings were released from Piper Sandler, Morgan Stanley, and Barclays on March 11, 2024, February 26, 2024, and February 22, 2024. With an average price target of $6.33 between Piper Sandler, Morgan Stanley, and Barclays, there's an implied 0.69% upside for Transocean Ltd from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/11/2024 | RIG | Buy Now | Transocean | $6.29 | -4.61% | Piper Sandler | Ian Macpherson | $7 → $6 | Maintains | Neutral | Get Alert |
02/26/2024 | RIG | Buy Now | Transocean | $6.29 | 11.29% | Morgan Stanley | Daniel Kutz | $8 → $7 | Maintains | Equal-Weight | Get Alert |
02/22/2024 | RIG | Buy Now | Transocean | $6.29 | -4.61% | Barclays | David Anderson | $7 → $6 | Maintains | Equal-Weight | Get Alert |
02/21/2024 | RIG | Buy Now | Transocean | $6.29 | 11.29% | Citigroup | Scott Gruber | $9 → $7 | Maintains | Buy | Get Alert |
02/21/2024 | RIG | Buy Now | Transocean | $6.29 | -12.56% | Susquehanna | Charles Minervino | $6.5 → $5.5 | Maintains | Neutral | Get Alert |
11/28/2023 | RIG | Buy Now | Transocean | $6.29 | 27.19% | Capital One | Doug Becker | → $8 | Initiates | → Overweight | Get Alert |
11/01/2023 | RIG | Buy Now | Transocean | $6.29 | 19.24% | Susquehanna | Charles Minervino | $9 → $7.5 | Maintains | Neutral | Get Alert |
10/17/2023 | RIG | Buy Now | Transocean | $6.29 | 43.09% | Morgan Stanley | Connor Lynagh | $8 → $9 | Maintains | Equal-Weight | Get Alert |
09/15/2023 | RIG | Buy Now | Transocean | $6.29 | 90.79% | Benchmark | Kurt Hallead | → $12 | Reiterates | Buy → Buy | Get Alert |
09/12/2023 | RIG | Buy Now | Transocean | $6.29 | 66.94% | Citigroup | Scott Gruber | $9.5 → $10.5 | Maintains | Buy | Get Alert |
08/14/2023 | RIG | Buy Now | Transocean | $6.29 | 11.29% | Piper Sandler | Luke Lemoine | $5 → $7 | Maintains | Neutral | Get Alert |
08/07/2023 | RIG | Buy Now | Transocean | $6.29 | 11.29% | Barclays | David Anderson | $6 → $7 | Maintains | Equal-Weight | Get Alert |
08/02/2023 | RIG | Buy Now | Transocean | $6.29 | 90.79% | Benchmark | Kurt Hallead | → $12 | Reiterates | Buy → Buy | Get Alert |
08/02/2023 | RIG | Buy Now | Transocean | $6.29 | 43.09% | Susquehanna | Charles Minervino | $7.5 → $9 | Maintains | Neutral | Get Alert |
08/01/2023 | RIG | Buy Now | Transocean | $6.29 | 90.79% | Benchmark | Kurt Hallead | → $12 | Reiterates | Buy → Buy | Get Alert |
07/28/2023 | RIG | Buy Now | Transocean | $6.29 | 90.79% | BTIG | Greg Lewis | $10 → $12 | Maintains | Buy | Get Alert |
07/06/2023 | RIG | Buy Now | Transocean | $6.29 | 27.19% | Morgan Stanley | Connor Lynagh | $8 → $8 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
07/05/2023 | RIG | Buy Now | Transocean | $6.29 | 51.04% | Citigroup | Scott Gruber | $6.5 → $9.5 | Upgrade | Neutral → Buy | Get Alert |
04/18/2023 | RIG | Buy Now | Transocean | $6.29 | 27.19% | Morgan Stanley | Connor Lynagh | $4 → $8 | Maintains | Equal-Weight | Get Alert |
The latest price target for Transocean (NYSE: RIG) was reported by Piper Sandler on March 11, 2024. The analyst firm set a price target for $6.00 expecting RIG to fall to within 12 months (a possible -4.61% downside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for Transocean (NYSE: RIG) was provided by Piper Sandler, and Transocean maintained their neutral rating.
The last upgrade for Transocean Ltd happened on July 5, 2023 when Citigroup raised their price target to $9.5. Citigroup previously had a neutral for Transocean Ltd.
There is no last downgrade for Transocean.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Transocean, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Transocean was filed on March 11, 2024 so you should expect the next rating to be made available sometime around March 11, 2025.
While ratings are subjective and will change, the latest Transocean (RIG) rating was a maintained with a price target of $7.00 to $6.00. The current price Transocean (RIG) is trading at is $6.29, which is out of the analyst’s predicted range.
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