Analysts who follow Transocean LTD (RIG) on average expect it to increase 22.99% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns Transocean LTD an Analyst Ranking of 13, which means it ranks higher than 13 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating RIG a Buy today. Find out what this means to you and get the rest of the rankings on RIG!
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Transocean LTD Stock Today?
Transocean LTD (RIG) stock is trading at $3.55 as of 10:58 AM on Thursday, Aug 4, a decline of -$0.03, or -0.98% from the previous closing price of $3.58. The stock has traded between $3.47 and $3.60 so far today. Volume today is low. So far 4,414,862 shares have traded compared to average volume of 19,522,454 shares.
Click Here to get the full Stock Report for Transocean LTD stock.