The company is an international provider of drilling services for oil and gas wells.
The company's operations include drilling rigs, work crews for drilling oil and gas wells, and related equipment.
The company commands the world's deepest water fleets and operates globally.
The company's clients tend to be national and independent oil companies.
The company's main operations are in West Africa, Brazil, and Mexico.
Note - From 15.06.21 to 22.06.21, insiders (directors) bought $82 million in stock! (Documentation attached)
In March 2020, insiders made a purchase and since then the stock has gained over 300%.
However, it is also important to note the following: the company has not been able to generate net income – net income has been negative for several years.
This data is also reflected in the company's chart over the years.
Analyst coverage: 1. On 05.04.21, a Morgan Stanley analyst lowered the price target to $3.50, a downside of about 17%.
Technical analysis for swing trading: Current price: $4.5. My first target: $5.2. My second target: $5.5.
Market cap: $2.66 billion. Debt-to-equity ratio: 0.50. Risk level: medium/high. Company name: Transocean Ltd.
Anyone using this information does so at their own discretion and personal responsibility only.