Transocean Ltd. (RIG)
NYSE: RIG · IEX Real-Time Price · USD
5.27
-0.14 (-2.59%)
At close: Jul 19, 2024, 4:00 PM
5.29
+0.02 (0.38%)
Pre-market: Jul 22, 2024, 7:37 AM EDT
Transocean Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Transocean stock have an average target of 7.67, with a low estimate of 6.00 and a high estimate of 12. The average target predicts an increase of 45.54% from the current stock price of 5.27.
Analyst Consensus: Buy
* Price targets were last updated on May 1, 2024.
Analyst Ratings
The average analyst rating for Transocean stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 2 | 3 | 3 | 3 |
| Hold | 5 | 6 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 11 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $9 → $7 | Buy | Maintains | $9 → $7 | +32.83% | May 1, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $8 | Strong Buy | Reiterates | $8 | +51.80% | Apr 30, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $5.5 → $6 | Sell | Maintains | $5.5 → $6 | +13.85% | Apr 15, 2024 |
| Susquehanna | Susquehanna | Hold → Buy Upgrades $5.5 → $9 | Hold → Buy | Upgrades | $5.5 → $9 | +70.78% | Apr 8, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $7 → $6 | Hold | Maintains | $7 → $6 | +13.85% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
3.61B
from 2.83B
Increased by 27.44%
Revenue Next Year
4.11B
from 3.61B
Increased by 13.94%
EPS This Year
-0.04
from -1.24
EPS Next Year
0.37
from -0.04
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.8B | 4.5B | 4.6B |
| Avg | 3.6B | 4.1B | 4.2B |
| Low | 3.4B | 3.8B | 4.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 34.7% | 23.6% | 11.5% |
| Avg | 27.4% | 13.9% | 3.2% |
| Low | 20.6% | 6.6% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.13 | 0.78 | 0.75 |
| Avg | -0.04 | 0.37 | 0.47 |
| Low | -0.21 | 0.11 | 0.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 100.5% |
| Avg | - | - | 26.9% |
| Low | - | - | -42.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.