Transocean Ltd (NYSE: RIG) stock closed at $5.22 on 4/30/24 after a major decline of -10.3%. Moreover, trading volume in this decline was exceptionally high at 273% of normal. The stock has declined -10.2% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
RIG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Transocean has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Transocean has a very high Appreciation Score of 91 but a very low Power Rating of 2, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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