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Simmons Raises Price Target on Transocean (RIG) to $4.65 Following 2Q

Go back to Simmons Raises Price Target on Transocean (RIG) to $4.65 Following 2Q

Susquehanna Upgrades Transocean (RIG) to Neutral

August 5, 2016 7:14 AM EDT

Susquehanna upgraded Transocean (NYSE: RIG) from Negative to Neutral with a price target of $11.00 (from $10.00).

For an analyst ratings summary and ratings history on Transocean click here. For more ratings news on Transocean click here.

Shares of Transocean closed at $10.83 yesterday.

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Calls with increasing volume at CBOE

August 4, 2016 5:42 AM EDT

VXX 1/20/2017 12 20K contracts

UCO 9/16/2016 9 13K

XOP 9/16/2016 34 9K

SPY 8/12/2016 219 8K

RIG 8/19/2016 12 7K

PSX 11/18/2016 82.50 5K

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Transocean (RIG) Tops Q2 EPS by 19c

August 3, 2016 5:34 PM EDT

Transocean (NYSE: RIG) reported Q2 EPS of $0.17, $0.19 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $943 million versus the consensus estimate of $920.73 million.

For earnings history and earnings-related data on Transocean (RIG) click here.

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Transocean (RIG) weekly volatility elevated into Q2 and outlook

August 3, 2016 2:12 PM EDT

Transocean (NYSE: RIG) August call option implied volatility is at 91, August weekly is at 63, September is at 59; compared to its 52-week range of 55 to 98 into the expected release of Q2 results today after the market close.

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