Transocean Ltd. Reports Second Quarter 2016 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Simmons Raises Price Target on Transocean (RIG) to $4.65 Following 2Q
August 5, 2016 9:59 AM EDTSimmons 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
Susquehanna Upgrades Transocean (RIG) to Neutral
August 5, 2016 7:14 AM EDTSusquehanna 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.
... MoreTransocean (RIG) Tops Q2 EPS by 19c
August 3, 2016 5:34 PM EDTTransocean (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.
... More