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MSFT   415.50 (+0.45%)
META   502.30 (+2.48%)
GOOGL   137.14 (-0.95%)
AMZN   178.22 (+0.83%)
TSLA   202.64 (+0.38%)
NVDA   822.79 (+4.00%)
NIO   5.77 (+0.35%)
AMD   202.64 (+5.25%)
BABA   74.63 (+0.81%)
T   17.00 (+0.41%)
F   12.45 (+0.08%)
MU   95.15 (+5.01%)
CGC   3.21 (-2.43%)
GE   158.67 (+1.13%)
DIS   111.93 (+0.31%)
AMC   4.36 (+0.93%)
PFE   26.58 (+0.08%)
PYPL   60.54 (+0.33%)
XOM   105.78 (+1.21%)

Transocean (RIG) Stock Forecast & Price Target

$5.09
+0.40 (+8.53%)
(As of 03/1/2024 ET)

Transocean Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$7.95
56.19% Upside
High Forecast$12.00
Average Forecast$7.95
Low Forecast$5.50
TypeCurrent Forecast
3/2/23 to 3/1/24
1 Month Ago
1/31/23 to 1/31/24
3 Months Ago
12/2/22 to 12/2/23
1 Year Ago
3/2/22 to 3/2/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$7.95$8.80$8.80$5.91
Predicted Upside56.19% Upside17.31% Upside17.31% Upside19.84% Upside
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RIG Analyst Ratings 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.
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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.
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Transocean Stock vs. The Competition

TypeTransoceanOils/Energy CompaniesS&P 500
Consensus Rating Score
2.50
2.55
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside56.19% Upside417.41% Upside6.79% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/26/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$8.00 ➝ $7.00+50.54%
2/22/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$7.00 ➝ $6.00+25.52%
2/21/2024Citigroup
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 Lower TargetBuy ➝ Buy$9.00 ➝ $7.00+43.15%
2/21/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$6.50 ➝ $5.50+12.70%
11/28/2023Capital One Financial
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D. Becker
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Initiated CoverageEqual Weight$8.00+26.18%
9/15/2023Benchmark
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 Reiterated RatingBuy ➝ Buy$12.00+37.46%
8/14/2023Piper Sandler
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 Boost TargetNeutral ➝ Neutral$5.00 ➝ $7.00-17.84%
7/28/2023BTIG Research
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 Boost TargetBuy$10.00 ➝ $12.00+46.34%
3/22/2023Compass Point
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 UpgradeNeutral ➝ Buy$7.50+22.55%
3/21/2023Clarkson Capital
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 UpgradeNeutral ➝ 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 05:36 PM ET.












RIG Price Target - Frequently Asked Questions

What is Transocean's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Transocean stock is Moderate Buy based on the current 5 hold ratings and 5 buy ratings for RIG. The average twelve-month price prediction for Transocean is $7.95 with a high price target of $12.00 and a low price target of $5.50. Learn more on RIG's analyst rating history.

Do Wall Street analysts like Transocean more than its competitors?

Analysts like Transocean less than other Oils/Energy companies. The consensus rating score for Transocean is 2.50 while the average consensus rating score for oils/energy companies is 2.55. Learn more on how RIG compares to other companies.

Does Transocean's stock price have much upside?

According to analysts, Transocean's stock has a predicted upside of 25.73% based on their 12-month stock forecasts.

What analysts cover Transocean?

Transocean has been rated by Barclays, Citigroup, Morgan Stanley, and Susquehanna in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:RIG) was last updated on 3/1/2024 by MarketBeat.com Staff