RIG Similar Chart Price Prediction
The price of RIG is predicted to go up -7.28%, based on the high correlation periods with BHV. The similarity of these two price pattern on the periods is 95.93%.
RIG
BHV
Down: -7.28%Similarity: 95.93%
RIG Revenue Forecast
RIG EPS Forecast
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RIG Analyst's Forecast
James West
Evercore ISI Group
Buy → Hold
2025-01-15
Price Target
$6 → $5
Upside
+16.82%
Evercore ISI downgraded Transocean to In Line from Outperform with a price target of $5, down from $6. The firm says oilfield services stocks have been hit with the "dual negatives" of a low growth North America contending with a "rapidly consolidating customer base and capital restraint internationally that has ended any semblance of a coordinated global upcycle for the industry." This combines with "wobble" in second half of 2024 oil prices, the analyst tells investors in a research note. Evercore's global exploration and production spending survey anticipates flat spending in 2025. It reduced 2025 estimates by 10% across the sector to reflect a more cautious spending outlook and downgraded eight names in the group.
David Anderson
Barclays
Hold → Buy
2024-12-18
Price Target
$4.5
Upside
+24.31%
Arun Jayaram
JP Morgan
Sell → Hold
2024-12-06
Price Target
$5
Upside
+24.38%
