Transocean (RIG) weekly volatility elevated into Q2 and outlook

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Go back to Transocean (RIG) weekly volatility elevated into Q2 and outlook

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

August 5, 2016 9:59 AM EDT

Simmons maintained an Underweight rating on Transocean (NYSE: RIG), and raised the price target to $4.65 (from $2.50), following the company's 2Q earnings report.

Analyst Ian Macpherson commented, "RIGs outsized Q2 cost beat and corresponding cost guidance reduction made this an impressive result among its peer... More