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Analysts Revised Target Prices for These Offshore Drillers in December

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Aug. 18 2020, Updated 9:22 a.m. ET

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In this article, we’ll look at the revisions that analysts made to ratings and target prices for offshore drilling (OIH) companies in December.

On December 21, 2017, RBC revised the target prices for three offshore drillers. RBC reduced the target price for Transocean (RIG) to $11 from $13. Diamond Offshore’s (DO) target price was raised to $19 from $17. Noble’s (NE) target price was cut to $4.5 from $5.

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Consensus recommendations

  • Ensco (ESV): 32 analysts gave recommendations on Ensco. Out of these, 16 analysts are bullish on the stock, and 11 analysts give “hold” ratings for Ensco. Five analysts are bearish.
  • Transocean (RIG): 35 analysts gave recommendations on Transocean. Out of these, 14 analysts are bullish, and eight analysts are bearish on the stock. 13 analysts give “hold” recommendations for Transocean.
  • Diamond Offshore (DO): 32 analysts gave recommendations on Diamond Offshore. Out of these, only three analysts are bullish, and 11 analysts are bearish on the stock. 18 analysts give “hold” recommendations for Diamond Offshore.
  • Noble (NE): 34 analysts give recommendations on Noble. Out of these, ten analysts are bullish, and nine analysts are bearish on the stock. 15 analysts give “hold” recommendations for Noble Corporation.
  • Rowan Companies (RDC): 33 analysts give recommendations on Rowan Companies. Out of these, 11 analysts are bullish, and only two analysts are bearish on the stock. 20 analysts give “hold” recommendations on Rowan Companies.
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