Alert: Negative Investment/Fundamental Signals (11/9/23)-Transocean Ltd (NYSE: RIG)

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Transocean Ltd (NYSE: RIG) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, and negative upside/downside volume developed.

Recent important negative changes in fundamentals have impacted Transocean Ltd (NYSE: RIG): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, RIG is expected to continue to be a modest Value Builder.

Transocean has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Transocean has a good Power Rating of 82 and a very high Appreciation Score of 85, with the Highest Value Trend Rating the result.

Recent Price Action

Transocean Ltd (NYSE: RIG) stock closed at $6.57 on 11/9/23 after a decline of -1.5%. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.2% during the last week.

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