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Enter Symbol:
 
Transocean Inc. (RIG) [hlAlert]

Rating:
Overweight
RIG
down 73.68 %

Transocean Inc. (RIG) rated Overweight with price target $73 by HSBC Securities

Posted on: Friday,  Sep 14, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Transocean Inc. (NYSE: RIG) on 09/14/2012. Previously HSBC Securities rated Overweight Transocean Inc. (NYSE: RIG) on 02/14/2012.,
when the stock price was $49.14. Since then, Transocean Inc. has lost 73.69% as of 10/14/2015's recent price of $12.93.
If you would have followed the previous HSBC Securities's recommendation on RIG, you would have lost 73.68% of your investment in 1338 days.

Transocean Inc. provides offshore contract drilling services for oil and gas exploration, development and production. The company's core business is to contract these drilling rigs, related equipment and work crews primarily on a dayrate basis to drill offshore wells. It specializes in technically demanding segments of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The company also provides additional services, including international turnkey drilling and management of third-party well service activities.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/14/2012 8:25 AM Buy
None
46.84 73.00
as of 12/31/2012
1 Week down  -1.10 %
1 Month down  -3.33 %
3 Months down  -0.51 %
1 YTD down  -4.65 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/14/2012 8:25 AM Buy
None
49.14 76.00

(*) Stock Price at the time of the recommendation.
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