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Do Analysts Expect Transocean LTD (RIG) Stock to Rise After It Is Up 52.78% in a Month?

Monday, January 30, 2023 12:21 PM | InvestorsObserver Analysts

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Do Analysts Expect Transocean LTD (RIG) Stock to Rise After It Is Up 52.78% in a Month?

InvestorsObserver is giving Transocean LTD (RIG) an Analyst Rating Rank of 17, meaning RIG is ranked higher by analysts than 17% of stocks. The average price target for RIG is $5.333 and analyst’s rate the stock as a Buy.

Overall Score - 3.3
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 $6.60 as of 12:18 PM on Monday, Jan 30, a loss of -$0.04, or -0.53% from the previous closing price of $6.63. The stock has traded between $6.46 and $6.68 so far today. Volume today is light. So far 7,026,605 shares have traded compared to average volume of 23,488,039 shares. Click Here to get the full Stock Report for Transocean LTD stock.

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