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Transocean ( (RIG) ) just unveiled an announcement.
On July 3, 2025, Transocean International Limited, a subsidiary of Transocean Ltd., amended its agreements with holders of its 4.0% Senior Guaranteed Exchangeable Bonds due 2025. The amendment introduces a limit price of $2.50 per share, effective July 7, 2025, which will halt daily transactions if the share price falls below this threshold.
The most recent analyst rating on (RIG) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Transocean stock, see the RIG Stock Forecast page.
Spark’s Take on RIG Stock
According to Spark, TipRanks’ AI Analyst, RIG is a Neutral.
Transocean’s overall stock score reflects a mix of strengths and challenges. The company’s strong gross margins and significant backlog are positive, but ongoing net losses and valuation concerns weigh heavily. Technical indicators suggest a bearish trend, while recent corporate events indicate both opportunities and financial restructuring needs.
To see Spark’s full report on RIG stock, click here.
More about Transocean
Average Trading Volume: 42,711,863
Technical Sentiment Signal: Sell
Current Market Cap: $2.45B
See more data about RIG stock on TipRanks’ Stock Analysis page.