Transocean
(NYSE:RIG)
$6.2897
0.0397[0.64%]
At close: Mar 28
$6.2897
0[0.00%]
After Hours: 7:33PM EDT
Consensus Rating1
Buy
Highest Price Target1
$12.00
Lowest Price Target1
$3.50
Consensus Price Target1
$7.04

Transocean Stock (NYSE:RIG), Analyst Ratings, Price Targets, Predictions

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.

Analyst Rating Summary1

Analyst Ratings
Oct 23
1
Nov 23
1
1
Feb
1
3
Mar
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Piper Sandler
Morgan Stanley
Barclays
Citigroup
Susquehanna

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Transocean

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/11/2024RIGBuy Now
Transocean
$6.29-4.61%Piper Sandler
Ian Macpherson
$7 → $6MaintainsNeutralGet Alert
02/26/2024RIGBuy Now
Transocean
$6.2911.29%Morgan Stanley
Daniel Kutz
$8 → $7MaintainsEqual-WeightGet Alert
02/22/2024RIGBuy Now
Transocean
$6.29-4.61%Barclays
David Anderson
$7 → $6MaintainsEqual-WeightGet Alert
02/21/2024RIGBuy Now
Transocean
$6.2911.29%Citigroup
Scott Gruber
$9 → $7MaintainsBuyGet Alert
02/21/2024RIGBuy Now
Transocean
$6.29-12.56%Susquehanna
Charles Minervino
$6.5 → $5.5MaintainsNeutralGet Alert
11/28/2023RIGBuy Now
Transocean
$6.2927.19%Capital One
Doug Becker
→ $8Initiates → OverweightGet Alert
11/01/2023RIGBuy Now
Transocean
$6.2919.24%Susquehanna
Charles Minervino
$9 → $7.5MaintainsNeutralGet Alert
10/17/2023RIGBuy Now
Transocean
$6.2943.09%Morgan Stanley
Connor Lynagh
$8 → $9MaintainsEqual-WeightGet Alert
09/15/2023RIGBuy Now
Transocean
$6.2990.79%Benchmark
Kurt Hallead
→ $12ReiteratesBuy → BuyGet Alert
09/12/2023RIGBuy Now
Transocean
$6.2966.94%Citigroup
Scott Gruber
$9.5 → $10.5MaintainsBuyGet Alert
08/14/2023RIGBuy Now
Transocean
$6.2911.29%Piper Sandler
Luke Lemoine
$5 → $7MaintainsNeutralGet Alert
08/07/2023RIGBuy Now
Transocean
$6.2911.29%Barclays
David Anderson
$6 → $7MaintainsEqual-WeightGet Alert
08/02/2023RIGBuy Now
Transocean
$6.2990.79%Benchmark
Kurt Hallead
→ $12ReiteratesBuy → BuyGet Alert
08/02/2023RIGBuy Now
Transocean
$6.2943.09%Susquehanna
Charles Minervino
$7.5 → $9MaintainsNeutralGet Alert
08/01/2023RIGBuy Now
Transocean
$6.2990.79%Benchmark
Kurt Hallead
→ $12ReiteratesBuy → BuyGet Alert
07/28/2023RIGBuy Now
Transocean
$6.2990.79%BTIG
Greg Lewis
$10 → $12MaintainsBuyGet Alert
07/06/2023RIGBuy Now
Transocean
$6.2927.19%Morgan Stanley
Connor Lynagh
$8 → $8ReiteratesEqual-Weight → Equal-WeightGet Alert
07/05/2023RIGBuy Now
Transocean
$6.2951.04%Citigroup
Scott Gruber
$6.5 → $9.5UpgradeNeutral → BuyGet Alert
04/18/2023RIGBuy Now
Transocean
$6.2927.19%Morgan Stanley
Connor Lynagh
$4 → $8MaintainsEqual-WeightGet Alert

FAQ

Q

What is the target price for Transocean (RIG)?

A

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.

Q

What is the most recent analyst rating for Transocean (RIG)?

A

The latest analyst rating for Transocean (NYSE: RIG) was provided by Piper Sandler, and Transocean maintained their neutral rating.

Q

When was the last upgrade for Transocean (RIG)?

A

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.

Q

When was the last downgrade for Transocean (RIG)?

A

There is no last downgrade for Transocean.

Q

When is the next analyst rating going to be posted or updated for Transocean (RIG)?

A

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.

Q

Is the Analyst Rating Transocean (RIG) correct?

A

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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