Transocean (RIG) Stock Forecast & Price Target

$4.24

-0.02 (-0.47%)

(As of 10/18/2024 ET)

Transocean - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 9 Analyst Ratings

Sell
1

Hold
5

Buy
3

Based on 9 Wall Street analysts who have issued ratings for Transocean in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 5 have given a hold rating, and 3 have given a buy rating for RIG.

Consensus Price Target

$6.88
62.15% Upside

According to the 9 analysts' twelve-month price targets for Transocean, the average price target is $6.88. The highest price target for RIG is $8.00, while the lowest price target for RIG is $6.00. The average price target represents a forecasted upside of 62.15% from the current price of $4.24.

RIG Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.88	$7.00	$7.70	$9.06
Forecasted Upside	62.15% Upside	53.17% Upside	46.11% Upside	22.62% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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RIG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Transocean Stock vs. The Competition

Type	Transocean	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.22	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	64.08% Upside	37.85% Upside	6.08% Upside
News Sentiment Rating	Neutral News See Recent RIG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Benchmark 2 of 5 stars	K. Hallead Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
10/11/2024	Susquehanna 2 of 5 stars		Lower Target	Positive ➝ Positive	$8.00 ➝ $7.00	+65.48%
10/3/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$5.00 ➝ $6.00	+38.57%
9/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
9/3/2024	DNB Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/1/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$9.00 ➝ $7.00	+34.62%
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4/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$5.50 ➝ $6.00	-2.76%
2/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$7.00 ➝ $6.00	+25.52%
11/28/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$8.00	+26.18%
8/14/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$5.00 ➝ $7.00	-17.84%
7/28/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$10.00 ➝ $12.00	+46.34%
3/22/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$7.50	+22.55%
3/21/2023	Clarkson Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$7.50	+22.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:35 PM ET.

RIG Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Transocean is $6.88, with a high forecast of $8.00 and a low forecast of $6.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There is currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RIG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIG, but not buy additional shares or sell existing shares.
: According to analysts, Transocean's stock has a predicted upside of 62.15% based on their 12-month stock forecasts.
: Over the previous 90 days, Transocean's stock had 2 downgrades and 1 upgrade by analysts.
: Transocean has been rated by research analysts at Benchmark, Citigroup, DNB Markets, Morgan Stanley, and Susquehanna in the past 90 days.
: Analysts like Transocean less than other "oils/energy" companies. The consensus rating for Transocean is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how RIG compares to other companies.