BMO Capital Issues a Sell Rating on Transocean LTDBy Carrie Williams
According to TipRanks.com, Boyd is a 3-star analyst with an average return of 2.3% and a 52.9% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oil States International, and Basic Energy Services.
Transocean LTD has an analyst consensus of Hold, with a price target consensus of $17.
Based on Transocean LTD’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $974 million and quarterly net profit of $217 million. In comparison, last year the company earned revenue of $1.34 billion and had a net profit of $246 million.
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Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Vernier, Switzerland.