• Consensus Rating: Buy
  • Consensus Price Target: $4.45
  • Forecasted Upside: 80.16 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$2.47
▼ -0.01 (-0.40%)

This chart shows the closing price for RIG by one month, three months, or twelve months.

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Analyst Price Target for RIG

Analyst Price Target is $4.45
▲ +80.16% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Transocean in the last 3 months. The average price target is $4.45, with a high forecast of $5.00 and a low forecast of $3.85. The average price target represents a 80.16% upside from the last price of $2.47.

This chart shows the closing price for RIG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 contributing investment analysts is to buy stock in Transocean. This rating has held steady since May 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 8 hold ratings
  • 4 sell ratings
4/8/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 3 sell ratings
7/7/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 3 sell ratings
10/5/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
1/3/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
4/3/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/2/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/31/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/30/2022

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/6/2022BTIG ResearchUpgradeNeutral ➝ BuyLow
8/25/2022Pareto SecuritiesUpgradeHold ➝ BuyLow
8/2/2022Capital One FinancialUpgradeEqual Weight ➝ Overweight$4.50Low
4/18/2022Piper SandlerBoost TargetNeutral$3.00 ➝ $3.85High
3/24/2022Pareto SecuritiesUpgradeSell ➝ Hold$5.00Medium
3/7/2022Piper SandlerBoost TargetNeutral$1.00 ➝ $3.00High
2/23/2022Capital One FinancialReiterated RatingEqual WeightHigh
7/9/2021Morgan StanleyBoost TargetEqual Weight$3.50 ➝ $4.00Low
5/5/2021Susquehanna BancsharesLower TargetNeutral$5.00 ➝ $3.50High
5/5/2021SusquehannaLower TargetNeutral$5.00 ➝ $3.50High
4/13/2021Morgan StanleyBoost TargetEqual Weight$2.50 ➝ $3.50Low
3/11/2021BarclaysReiterated RatingEqual Weight ➝ Underweight$1.00 ➝ $2.00Medium
3/5/2021BarclaysDowngradeEqual Weight ➝ Underweight$1.00 ➝ $2.00Low
12/25/2020Royal Bank of CanadaReiterated RatingSell$3.00N/A
12/7/2020Wells Fargo & CompanyDowngradeEqual Weight ➝ UnderweightMedium
9/16/2020UBS GroupDowngradePositive ➝ Neutral$2.50 ➝ $1.15Medium
9/16/2020Susquehanna BancsharesDowngradePositive ➝ Neutral$2.50 ➝ $1.15Medium
8/6/2020Evercore ISIInitiated CoverageHold$4.00High
7/8/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
6/15/2020Clarkson CapitalDowngradeBuy ➝ Neutral$2.40High
5/21/2020Tudor PickeringDowngradeBuy ➝ HoldLow
5/3/2020Royal Bank of CanadaReiterated RatingSellHigh
5/1/2020Credit Suisse GroupLower TargetNeutral$2.00 ➝ $1.75High
4/29/2020DNB MarketsDowngradeHold ➝ SellHigh
4/21/2020Royal Bank of CanadaDowngradeSector Perform ➝ Underperform$2.50 ➝ $1.50High
4/15/2020Piper SandlerLower TargetNeutral$2.00 ➝ $1.45High
3/31/2020BTIG ResearchDowngradeBuy ➝ NeutralHigh
3/27/2020R. F. LaffertyLower TargetBuy$5.00 ➝ $3.00Low
3/23/2020CitigroupLower TargetNeutral$8.00 ➝ $1.25High
3/20/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$2.00High
3/19/2020BarclaysDowngradeOverweight ➝ Equal Weight$1.50High
3/18/2020DNB MarketsUpgradeHold ➝ Buy$2.50High
3/17/2020Capital One FinancialDowngradeOverweight ➝ Equal WeightMedium
3/16/2020Morgan StanleyLower TargetOverweight$7.50 ➝ $2.00High
3/13/2020Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$8.00 ➝ $2.00High
3/9/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
2/19/2020ArgusDowngradeHold ➝ SellHigh
2/18/2020Evercore ISIReiterated RatingBuy$13.00High
1/14/2020Bernstein BankInitiated CoverageUnderperform$2.90Low
1/13/2020Sanford C. BernsteinInitiated CoverageUnderperform$2.90Low
11/27/2019Deutsche Bank AktiengesellschaftInitiated CoverageSell$3.00Low
11/19/2019Deutsche Bank AktiengesellschaftInitiated CoverageSellHigh
10/21/2019Fearnley FondsDowngradeBuy ➝ Hold$6.00High
10/7/2019Morgan StanleyLower TargetOverweight$10.00 ➝ $8.00High
9/25/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$17.00 ➝ $9.00Medium
9/23/2019CitigroupBoost TargetNeutral$4.90 ➝ $7.00Medium
8/26/2019ScotiabankSet TargetHold$7.00Low
8/26/2019UBS GroupSet TargetBuy$10.00Low
8/15/2019CitigroupLower TargetNeutral$6.70 ➝ $4.90Low
7/31/2019Piper Jaffray CompaniesSet TargetHold$8.00N/A
7/31/2019Royal Bank of CanadaSet TargetBuy$17.00N/A
7/15/2019HSBCSet TargetBuy$12.00High
7/15/2019Morgan StanleySet TargetBuy$10.00High
6/14/2019CitigroupDowngradeBuy ➝ Neutral$7.00High
6/10/2019Bank of AmericaInitiated CoverageNeutral$6.50Medium
3/10/2019The Goldman Sachs GroupInitiated CoverageBuy ➝ Buy$11.00High
2/21/2019BarclaysReiterated RatingHold ➝ UnderweightHigh
2/20/2019BarclaysUpgradeUnderweight ➝ Overweight$10.00Medium
1/9/2019DNB MarketsUpgradeHold ➝ BuyLow
12/20/2018UBS GroupSet TargetBuy$12.00High
12/13/2018Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$14.00Low
10/30/2018DNB MarketsUpgradeSell ➝ HoldHigh
10/18/2018UBS GroupUpgradeAccumulate ➝ BuyLow
10/17/2018Johnson RiceUpgradeSell ➝ Hold$16.00Medium
10/13/2018CowenInitiated CoverageHold$12.00Low
10/10/2018Susquehanna BancsharesSet TargetBuy$17.00High
10/1/2018Piper Jaffray CompaniesSet TargetHold$14.00Low
9/20/2018Royal Bank of CanadaUpgradeSector Perform ➝ OutperformLow
9/19/2018Wells Fargo & CompanyUpgradeMarket Perform ➝ Outperform$13.00 ➝ $16.00High
9/18/2018Morgan StanleyInitiated CoverageOverweight ➝ Overweight$15.00High
9/17/2018BTIG ResearchInitiated CoverageBuy$18.00Low
9/5/2018UBS GroupSet TargetBuy$15.00Medium
9/4/2018JPMorgan Chase & Co.Reiterated RatingSellHigh
8/17/2018Piper Jaffray CompaniesReiterated RatingHold$13.30High
8/10/2018BMO Capital MarketsReiterated RatingSell$8.00High
8/9/2018BarclaysBoost TargetUnderweight ➝ Underweight$7.00 ➝ $8.00Medium
8/1/2018Fearnley FondsDowngradeBuy ➝ AccumulateLow
8/1/2018Piper Jaffray CompaniesReiterated RatingHold$13.20Medium
7/13/2018Credit Suisse GroupSet TargetBuy$16.00High
7/12/2018Tudor PickeringUpgradeHold ➝ BuyMedium
7/9/2018Susquehanna BancsharesUpgradeNeutral ➝ Positive$11.00 ➝ $16.00Medium
7/9/2018UBS GroupUpgradeNeutral ➝ PositiveHigh
6/21/2018CitigroupLower TargetBuy ➝ Buy$16.00 ➝ $15.00High
5/15/2018R. F. LaffertyBoost TargetBuy$11.00 ➝ $16.00Low
4/30/2018CitigroupBoost TargetBuy ➝ Buy$15.00 ➝ $16.00Low
4/18/2018Bank of AmericaBoost TargetNeutral ➝ Neutral$12.00 ➝ $13.00Medium
4/14/2018Credit Suisse GroupSet TargetBuy$16.00Medium
4/4/2018HSBCUpgradeHold ➝ Buy$11.50Medium
3/27/2018Piper Jaffray CompaniesSet TargetHold$11.00Low
3/15/2018CowenSet TargetHold$10.00High
2/16/2018Susquehanna BancsharesSet TargetHold$10.00Low
2/15/2018Piper Jaffray CompaniesSet TargetHold$11.00Low
1/12/2018Susquehanna BancsharesSet TargetHold$11.00Low
1/11/2018CowenSet TargetHold$11.00Low
1/10/2018Piper Jaffray CompaniesSet TargetHold$11.00Medium
1/4/2018Jefferies Financial GroupUpgradeHold ➝ Buy$13.00High
12/21/2017Royal Bank of CanadaSet TargetHold$11.00Low
11/14/2017Royal Bank of CanadaBoost TargetSector Perform ➝ Sector Perform$11.00 ➝ $13.00N/A
11/12/2017Royal Bank of CanadaSet TargetHold$11.00N/A
11/3/2017Jefferies Financial GroupBoost TargetHold$10.50 ➝ $11.00N/A
10/22/2017Piper Jaffray CompaniesReiterated RatingHold$7.35N/A
10/18/2017CowenSet TargetHold$8.00N/A
10/18/2017BMO Capital MarketsSet TargetSell$7.00N/A
10/12/2017CitigroupUpgradeNeutral ➝ Buy$13.00 ➝ $14.00N/A
10/10/2017Deutsche Bank AktiengesellschaftInitiated CoverageBuy$13.00N/A
10/5/2017Royal Bank of CanadaSet TargetHold$11.00N/A
9/30/2017Nordea Equity ResearchReiterated RatingBuy$14.00High
(Data available from 9/30/2017 forward)

News Sentiment Rating

0.26 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
3/4/2022
  • 10 very positive mentions
  • 16 positive mentions
  • 2 negative mentions
  • 4 very negative mentions
4/3/2022
  • 1 very positive mentions
  • 13 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
5/3/2022
  • 4 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 2 very negative mentions
6/2/2022
  • 4 very positive mentions
  • 15 positive mentions
  • 5 negative mentions
  • 1 very negative mentions
7/2/2022
  • 0 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
8/1/2022
  • 6 very positive mentions
  • 18 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
8/31/2022
  • 6 very positive mentions
  • 21 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
9/30/2022

Current Sentiment

  • 6 very positive mentions
  • 21 positive mentions
  • 6 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.
Transocean logo
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
Read More

Today's Range

Now: $2.47
Low: $2.45
High: $2.58

50 Day Range

MA: $3.31
Low: $2.36
High: $3.91

52 Week Range

Now: $2.47
Low: $2.32
High: $5.56

Volume

22,223,549 shs

Average Volume

21,191,422 shs

Market Capitalization

$1.74 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.73

Frequently Asked Questions

What sell-side analysts currently cover shares of Transocean?

The following equities research analysts have issued stock ratings on Transocean in the last year: BTIG Research, Capital One Financial Co., Pareto Securities, Piper Sandler, and StockNews.com.
View the latest analyst ratings for RIG.

What is the current price target for Transocean?

3 Wall Street analysts have set twelve-month price targets for Transocean in the last year. Their average twelve-month price target is $4.45, suggesting a possible upside of 80.2%. Pareto Securities has the highest price target set, predicting RIG will reach $5.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $3.85 for Transocean in the next year.
View the latest price targets for RIG.

What is the current consensus analyst rating for Transocean?

Transocean currently has 1 hold rating and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe RIG will outperform the market and that investors should add to their positions of Transocean.
View the latest ratings for RIG.

What other companies compete with Transocean?

How do I contact Transocean's investor relations team?

Transocean's physical mailing address is Turmstrasse30, Steinhausen V8, 6312. The offshore drilling services provider's listed phone number is (141) 479-0500 and its investor relations email address is [email protected] The official website for Transocean is www.deepwater.com. Learn More about contacing Transocean investor relations.