Transocean Ltd (Switzerland) (NYSE:RIG) traded at a new 52-week high today of $5.07. Approximately 33.3 million shares have changed hands today, as compared to an average 30-day volume of 27.7 million shares.
Transocean Ltd commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean’s customers tend to be national oil companies, independents, and international oil companies.
Transocean Ltd (Switzerland) (NYSE:RIG) has potential upside of 84.1% based on a current price of $4.83 and analysts’ consensus price target of $8.90.
In the past 52 weeks, Transocean Ltd (Switzerland) share prices are bracketed by a low of $0.65 and a high of $5.07 and is now at $4.83, 644% above that low price.
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