Stock Grabbing Investor's Attention: Transocean Inc (RIG)

Cornelia Mascio
Novembre 15, 2017

As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. California State Teachers Retirement System owned approximately 0.18% of Transocean worth $5,952,000 as of its most recent SEC filing.

Institutional investors and hedge funds have recently modified their holdings of the business. Saratoga Research & Investment Management acquired a new stake in shares of Transocean in the 3rd quarter worth $115,000. Mariner Wealth Advisors LLC acquired a new position in Transocean during the second quarter worth $120,000. About 145 shares traded. Moreover, Arosa Capital Management Lp has 4.62% invested in the company for 991,413 shares.

RIG has been the topic of several research reports. As per Thursday, June 2, the company rating was downgraded by Goldman Sachs. However a year ago for the same quarter the company has reported $0.63 EPS. Credit Suisse Group reissued a "buy" rating on shares of Transocean in a research report on Wednesday, July 19th. R. F. Lafferty set a $15.00 price objective on shares of Transocean and gave the stock a "buy" rating in a research note on Saturday, August 26th. Nomura maintained the shares of ROL in report on Friday, April 28 with "Buy" rating. The stock has "Buy" rating by Citigroup on Thursday, October 12. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company.

Transocean Ltd. (NYSE:RIG) received a $11.00 target price from stock analysts at Royal Bank Of Canada in a research report issued on Sunday.

Institutions own 72.24% of Transocean Ltd. (RIG)'s shares. The Georgia-based Voya Investment Mngmt Ltd Liability Corporation has invested 0% in Transocean LTD (NYSE:RIG).

The company's ATR (Average True Range) is 0.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.13 and a current ratio of 2.36. The stock has a market cap of $4,530.25, a PE ratio of 14.48 and a beta of 1.81. Transocean Ltd has $21 highest and $2 lowest target. The stock of Transocean LTD (NYSE:RIG) earned "Equal-Weight" rating by Morgan Stanley on Wednesday, October 26. The offshore drilling services provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.20. Transocean had a positive return on equity of 2.10% and a negative net margin of 84.09%. The firm had revenue of $808.00 million for the quarter, compared to the consensus estimate of $703.13 million. The low EPS estimate is $-0.47, while the high EPS estimate is $0.07. For the current year the company's revenue estimates are $2.86 Billion compared to low analyst estimates of $2.76 Billion and high estimates of $3.02 Billion according to the prediction of 15 analysts.

Transocean Ltd. (RIG) shares Jumped 0.52% and ended the day at $11.58. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of worldwide copyright legislation.

News coverage about Transocean (NYSE:RIG) has trended somewhat positive on Monday, Accern Sentiment reports. The shares were bought at an average cost of $7.32 per share, with a total value of $292,800.00. Short interest, which represents the number of a stock's shares now being shorted, captures what the market as a whole feels about a stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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