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Transocean Inc. (RIG) [hlAlert]

Rating:
Underweight
RIG
down 66.33 %

Transocean Inc. (RIG) downgraded to Underweight with price target $10 by Barclays

Posted on: Thursday,  Aug 13, 2015  1:25 PM ET by Barclays

Barclays rated Underweight Transocean Inc. (NYSE: RIG) on 08/13/2015. Previously Barclays rated Overweight Transocean Inc. (NYSE: RIG) on 04/08/2014., when
the stock price was $42.03. Since then, Transocean Inc. has lost 66.33% as of 08/13/2015's recent price of $14.15.
If you would have followed the previous Barclays's recommendation on RIG, you would have lost 66.33% of your investment in 492 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2015 1:25 PM Sell
None
14.15 10.00
as of 8/27/2015
1 Week up  2.41 %
1 Month down  -7.99 %
3 Months down  -23.38 %
1 YTD down  -62.74 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/8/2014 12:00 AM Buy
None
42.03 45.00
12/17/2013 1:25 PM Buy
None
48.01 63.00
3/5/2013 1:25 PM Buy
None
52.69 71.00

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