Transocean traded at $4.97 this Friday January 30th, increasing $0.05 or 1.02 percent since the previous trading session. Looking back, over the last four weeks, Transocean gained 22.11 percent. Over the last 12 months, its price rose by 26.62 percent. Looking ahead, we forecast Transocean to be priced at 4.84 by the end of this quarter and at 4.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.