Price Forecast For Transocean Ltd. (NYSE:RIG) Stock At $11.423
- Author: Zachary Reyes Feb 25, 2017,
Feb 25, 2017, 8:15
The bonds in the issue are now trading at $83.00 and were trading at $79.50 last week.
The biggest institutional shareholders in Transocean Ltd. include Vanguard Group Inc which owns 38 million shares in the company valued at $405.16 million.
A number of other brokerages also recently issued reports on RIG. The market consensus range for revenue is between $701M and $807.5M, with an average of $745.8M. Back on Feb 02, 2017, a downgrade report came from equity analysts at Morgan Stanley who in their research findings assigned Underweight rating on the stock. Transocean LTD was Upgraded by Piper Jaffray to Neutral on Jan 25, 2017. The Company has 52-week high of $16.66 and 52-week low of $7.67. Also, the Hold rating count is 3 as of 02/23/17. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. 32 Analysts reported that the Price Target for Transocean Ltd. might touch $22 high while the Average Price Target and Low price Target is $13.47 and $6 respectively. Norinchukin Bank The boosted its stake in shares of Transocean by 2.1% in the third quarter. (NYSE:RIG) traded down 3.91% during mid-day trading on Friday, hitting $13.75. The share had a block transaction during the course of trading in which the net money flow was $(-5.37) million. The firm's 50-day moving average is $14.34 and its 200-day moving average is $12.00. The year ago sales the company reported in the same quarter is 1.48 Billion.
For the current quarter, the highest estimate analysts provided is 1.03 Billion and the lowest is 736.6 Million.
Transocean (NYSE:RIG) last issued its quarterly earnings data on Thursday, February 23rd.
In the last Quarter, Transocean Ltd. (NYSE:RIG) reported its Actual EPS of $0.25/share.
So does the rankings given by analysts; let us highlight rankings table and we had 7 analysts recommending BUY ratings for current month and for previous month 7 stands on similar situation; while 0 for the current month as compared to 1 analyst recommending for HOLD from the pool for previous month.
On 05/04/2016, Analysts were suspecting EPS of $0.29/share where Transocean Ltd. (NYSE:RIG) reported its Actual EPS of $0.69. Finally, Numeric Investors LLC raised its position in shares of Transocean by 407.2% in the second quarter. CIBC World Markets Inc. acquired a new position in shares of Transocean during the third quarter valued at approximately $108,000. First Trust Advisors LP bought a new position in shares of Transocean during the third quarter valued at about $44,136,000.
Investors expected a price target of 0.16 for this quarter. On 1-5 base, where Zacks label 3 as hold recommendation and 1 as Strong Buy recommendation, the stock is ranked 3.46 based on 17 recommendations. The stock recently closed its previous session at $13.28 by showing a percentage change of -1.41% from its previous day closing price of $13.47. If you are viewing this report on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law.
The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. This Company belongs to Oils-Energy sector. The Company operates through the contract drilling services segment.