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Enter Symbol:
Rating: RIG
Underweight $10
down 66.00 %

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

Thursday,  Aug 13, 2015  1:25 PM ET by Kristen Bailey

The Barclays advised against investing in this stock and the price has fallen for a loss. The price fell from $42.03 on 04/08/2014 to $14.15 on 08/13/2015. Barclays downgraded Transocean
Inc. (NYSE: RIG) to Underweight with price target $10 with today's price of $14.15. Barclays rated Transocean Inc. (NYSE: RIG) to Overweight with price target $45 on 04/08/2014, when the price was $42.03. Transocean Inc.'s stock price lost 66% since then.
By following the previous Barclays's recommendation on RIG, you would have lost 66% 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.


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