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Transocean - RIG Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $7.70
  • Forecasted Upside: 27.69%
  • Number of Analysts: 10
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$6.03 As of 05/17/2024 01:00 AM ET
▲ +0.03 (0.50%)

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 $7.70
▲ +27.69% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Transocean in the last 3 months. The average price target is $7.70, with a high forecast of $12.00 and a low forecast of $6.00. The average price target represents a 27.69% upside from the last price of $6.03.

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 Hold

The current consensus among 10 investment analysts is to hold stock in Transocean. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
11/24/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
2/22/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
5/23/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
8/21/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
11/19/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
2/17/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
4/17/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
5/17/2024

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/1/2024Evercore ISILower TargetOutperform ➝ Outperform$9.00 ➝ $7.00Low
4/30/2024BenchmarkReiterated RatingBuy ➝ Buy$8.00Low
4/15/2024Bank of AmericaBoost TargetUnderperform ➝ Underperform$5.50 ➝ $6.00Low
4/8/2024SusquehannaUpgradeNeutral ➝ Positive$5.50 ➝ $9.00Low
2/26/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$8.00 ➝ $7.00Low
2/22/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$7.00 ➝ $6.00Low
2/21/2024CitigroupLower TargetBuy ➝ Buy$9.00 ➝ $7.00Low
2/21/2024SusquehannaLower TargetNeutral ➝ Neutral$6.50 ➝ $5.50Low
11/28/2023Capital One FinancialInitiated CoverageEqual Weight$8.00Low
11/1/2023SusquehannaLower TargetNeutral ➝ Neutral$9.00 ➝ $7.50Low
10/17/2023Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$8.00 ➝ $9.00Low
9/15/2023BenchmarkReiterated RatingBuy ➝ Buy$12.00Low
9/12/2023CitigroupBoost TargetBuy ➝ Buy$9.50 ➝ $10.50Low
8/14/2023Piper SandlerBoost TargetNeutral ➝ Neutral$5.00 ➝ $7.00Low
8/7/2023BarclaysBoost TargetEqual Weight ➝ Equal Weight$6.00 ➝ $7.00Low
8/2/2023SusquehannaBoost TargetNeutral ➝ Neutral$7.50 ➝ $9.00Low
8/1/2023BenchmarkReiterated RatingBuy ➝ Buy$12.00Low
7/28/2023BTIG ResearchBoost TargetBuy$10.00 ➝ $12.00Low
7/5/2023CitigroupUpgradeNeutral ➝ Buy$6.50 ➝ $9.50Low
4/18/2023Morgan StanleyBoost Target$4.00 ➝ $8.00Low
4/3/2023SusquehannaBoost Target$6.00 ➝ $6.50Low
3/22/2023Compass PointUpgradeNeutral ➝ Buy$7.50Low
3/22/2023CitigroupBoost TargetNeutral$5.50 ➝ $6.50Low
3/21/2023Clarkson CapitalUpgradeNeutral ➝ Buy$7.50Low
3/10/2023BenchmarkBoost TargetBuy$7.50 ➝ $12.00Low
2/23/2023SusquehannaBoost TargetNeutral$5.50 ➝ $6.00Low
2/23/2023BarclaysLower Target$7.00 ➝ $6.00Low
2/16/2023BarclaysDowngradeOverweight ➝ Equal Weight$7.00Low
1/25/2023BTIG ResearchBoost Target$8.00 ➝ $10.00Low
1/19/2023BenchmarkInitiated CoverageBuy$7.50Low
11/18/2022Piper SandlerBoost TargetNeutral$4.00 ➝ $5.00Low
11/8/2022BarclaysBoost TargetOverweight$5.00 ➝ $6.00Low
10/17/2022Susquehanna BancsharesLower TargetNeutral$4.20 ➝ $3.30Low
10/17/2022SusquehannaLower TargetNeutral$4.20 ➝ $3.30Low
10/6/2022BarclaysUpgradeUnderweight ➝ Overweight$3.50 ➝ $5.00Low
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 Sandler 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
(Data available from 5/18/2019 forward)

News Sentiment Rating

0.66 (Buy)

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
  • 7 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/20/2023
  • 1 very positive mentions
  • 16 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
11/19/2023
  • 10 very positive mentions
  • 9 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
12/19/2023
  • 9 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/18/2024
  • 19 very positive mentions
  • 14 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
2/17/2024
  • 16 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
Mentions as of
3/18/2024
  • 20 very positive mentions
  • 12 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
4/17/2024
  • 12 very positive mentions
  • 19 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
5/17/2024

Current Sentiment

  • 12 very positive mentions
  • 19 positive mentions
  • 1 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Transocean logo
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
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Today's Range

Now: $6.03
Low: $5.95
High: $6.06

50 Day Range

MA: $5.95
Low: $5.22
High: $6.68

52 Week Range

Now: $6.03
Low: $4.45
High: $8.88

Volume

7,400,847 shs

Average Volume

17,584,124 shs

Market Capitalization

$4.94 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.83

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: Bank of America Co., Barclays PLC, Benchmark Co., BTIG Research, Capital One Financial Co., Citigroup Inc., Evercore ISI, Morgan Stanley, Piper Sandler, StockNews.com, and Susquehanna.
View the latest analyst ratings for RIG.

What is the current price target for Transocean?

10 Wall Street analysts have set twelve-month price targets for Transocean in the last year. Their average twelve-month price target is $7.70, suggesting a possible upside of 27.7%. BTIG Research has the highest price target set, predicting RIG will reach $12.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $6.00 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 sell rating, 4 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in RIG, but not buy more shares or sell existing shares.
View the latest ratings for RIG.

What other companies compete with Transocean?

Other companies that are similar to Transocean include Patterson-UTI Energy, Valaris, Helmerich & Payne, HighPeak Energy and Sasol. Learn More about companies similar to 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.