Highly Traded Stock: Transocean Ltd. (RIG)

05/08/2017 - Transocean Ltd. had its "buy" rating reiterated by analysts at R. F. Lafferty. On Thursday, September 15 the stock rating was upgraded by Canaccord Genuity to "Hold". Guggenheim Capital Lc invested 0.14% in Transocean LTD (NYSE:RIG). They now have a United States dollars 8 price target on the stock. Credit Suisse Group AG raised Transocean LTD from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $18.00 to $12.85 in a report on Friday, February 3rd.

Analysts on average have given a price target of $12.77 to Transocean Ltd. (RIG) stock. Vetr lowered shares of Transocean LTD from a strong-buy rating to a buy rating and set a $14.51 price target for the company.in a report on Wednesday, March 15th. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company presently has an average rating of Hold and a consensus price target of $13.31.

Transocean Inc (NYSE:RIG) shares traded -7.57% down during most recent session to reach at the closing price of $9.65.

The Relative Volume of the company is 0.74 and Average Volume (3 months) is 12.2 million. The firm has a market cap of $3.74 billion, a P/E ratio of 5.75 and a beta of 1.87. In this case, shares are down -2.77% from $20.94, the 52-week high touched on January 25, 2017, and are keeping their losses at 22.17% for the past 12 months. The stock has a 50-day moving average of $11.23 and a 200 day moving average of $12.89.

Current year EPS projections for Transocean LTD (NYSE:RIG) set at $-0.46 according to the sentiments of 21 analysts, while its lowest earnings estimates are $-0.9 and highest earnings estimates are $0.08. The offshore drilling services provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09.

Now the P/E of Transocean Ltd. stands at 6.4.

Analysts are also projecting an Average Revenue Estimate for Transocean Ltd.as $20000 in the Current Quarter.

Yet another important factor while evaluating a good buy/sell decision for Transocean Ltd. (RIG) is its Earnings per Share or EPS.

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In other Transocean LTD news, SVP David A. Tonnel sold 9,450 shares of Transocean LTD stock in a transaction that occurred on Thursday, April 27th. Following the sale, the senior vice president now directly owns 54,845 shares in the company, valued at $618,651.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Teacher Retirement System of Texas now owns 31,059 shares of the offshore drilling services provider's stock valued at $387,000 after buying an additional 508 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Transocean LTD during the third quarter valued at about $44,136,000. 13,065,609 shares of the stock were exchanged.

Thompson Rubinstein Investment Management Inc decreased its stake in Transocean Ltd (RIG) by 17.97% based on its latest 2016Q4 regulatory filing with the SEC. Capital Investment Counsel Inc now owns 19,350 shares of the offshore drilling services provider's stock worth $206,000 after buying an additional 400 shares in the last quarter. BlackRock Advisors LLC increased its position in Transocean LTD by 2.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 2,028,718 shares of the offshore drilling services provider's stock valued at $25,256,000 after buying an additional 1,741,410 shares during the period. Municipal Employees Retirement System of MI now owns 20,630 shares of the offshore drilling services provider's stock valued at $220,000 after buying an additional 70 shares in the last quarter. Finally, Federated Investors Inc. Brave Asset Management Inc. purchased a new position in Transocean LTD during the first quarter valued at $141,000. Looking out over the past year, company shares have been recorded -56.78% off the 52 week high and 1.08% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Noble Corporation plc (NYSE:NE).

Transocean Ltd.is an worldwide provider of offshore contract drilling services for oil and gas wells.

Transocean LTD Company Profile Transocean Ltd.is an global provider of offshore contract drilling services for oil and gas wells.

  • Zachary Reyes