On 7/25/24, Transocean Ltd (NYSE: RIG) stock enjoyed a major increase of 10.6%, closing at $5.82. Moreover, trading volume in this advance was exceptionally high at 203% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, RIG is expected to continue to be a modest Value Builder.
Transocean has a current Value Trend Rating of C (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 92 but a very low Power Rating of 4, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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