Transocean LTD Gets a Hold Rating from Cowen & Co.

By Austin Angelo

Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on Transocean LTD (NYSE: RIG) yesterday and set a price target of $11. The company’s shares closed yesterday at $12.12.

According to, Bianchi is ranked 0 out of 5 stars with an average return of -5.2% and a 40.5% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

Currently, the analyst consensus on Transocean LTD is Hold and the average price target is $11.25, representing a -7.2% downside.

In a report issued on January 10, Piper Jaffray also reiterated a Hold rating on the stock with a $11 price target.

The company has a one-year high of $15.95 and a one-year low of $7.20. Currently, Transocean LTD has an average volume of 11.66M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.