How Does Transocean LTD (RIG) Stock Rank on Wall Street Friday?

Analysts who follow Transocean LTD (RIG) on average expect it to gain 28.23% 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 18, which means it ranks higher than 18 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!

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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 has gained 2.56% while the S&P 500 is lower by -0.65% as of 12:06 PM on Friday, Mar 15. RIG is higher by $0.14 from the previous closing price of $5.66 on volume of 8,541,150 shares. Over the past year the S&P 500 is higher by 29.21% while RIG is higher by 0.69%. RIG lost -$1.24 per share the over the last 12 months. Click Here to get the full Stock Report for Transocean LTD stock.