Transocean Ltd.s in-depth stock price analysis indicates that the stock price has rallied 19.09% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 32.31% . Looking at the past 52 week period, the stock price is up at 50.68% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Transocean Ltd. has a positive value of 61.27 compared to overall market. Transocean Ltd. (NYSE:RIG) has tumbled 4.44% during the past week and has dropped 13.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.21%. Transocean Ltd. (NYSE:RIG) has underperformed the index by 15.3% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Transocean Ltd. (NYSE:RIG) : On Friday heightened volatility was witnessed in Transocean Ltd. (NYSE:RIG) which led to swings in the share price. The stock opened for trading at $13.47 and hit $13.55 on the upside , eventually ending the session at $13.35, with a gain of 1.21% or 0.16 points. The heightened volatility saw the trading volume jump to 12,439,266 shares. The 52-week high of the share price is $16.66 and the company has a market cap of $5,197 million. The 52-week low of the share price is at $7.665 .
Transocean LTD Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $0.14. The company had revenue of $903.00 million for the quarter, compared to analysts expectations of $863.07 million. The companys revenue was down -43.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Transocean LTD was Initiated by R. F. Lafferty on Feb 9, 2017 to Buy, Price Target of the shares are set at $21.Transocean LTD was Upgraded by Credit Suisse to Outperform on Feb 3, 2017. Transocean LTD was Downgraded by Morgan Stanley to Underweight on Feb 2, 2017. Transocean LTD was Upgraded by Piper Jaffray to Neutral on Jan 25, 2017. Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Underperform, Raises Price Target to $ 17 from a previous price target of $11 .
Company has reported several Insider transactions to the SEC, on Sep 23, 2015, Lars Sjobring (SVP and General Counsel) sold 5,324 shares at 14.40 per share price.On Sep 3, 2015, Vanessa C L Chang (director) purchased 1,500 shares at 13.50 per share price.
Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas.