Analysts' Activity to Watch: Transocean Inc (RIG)

Lloyd Doyle
December 8, 2017

Its up 0.02, from 1.23 in 2017Q1. It increased, as 52 investors sold Transocean Ltd. shares while 105 reduced holdings. Public Employees Retirement Association of Colorado raised its stake in Transocean by 12.7% in the 2nd quarter. Susquehanna upgraded the shares of RIG in report on Friday, August 5 to "Neutral" rating.

Norinchukin Retail Bank The holds 0% in Transocean Ltd. (NYSE:RIG) or 27,137 shares. Transocean Ltd. (NYSE:RIG) has risen 15.86% since December 6, 2016 and is uptrending. Commerzbank Aktiengesellschaft Fi reported 1.19M shares. State Treasurer State Of Michigan holds 127,848 shares.

Transocean Inc (NYSE:RIG) shares traded -5.16% down during most recent session to reach at the closing price of $10.11. Ingalls Snyder Ltd holds 0.27% or 605,679 shares in its portfolio. Transocean Ltd. (RIG) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. Riverhead Cap Mngmt Ltd Liability Co owns 267,229 shares for 0.11% of their portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 29,052 shares. Teachers Retirement Of The State Of Kentucky owns 48,526 shares. 289 are owned by Cwm Limited Liability Corp. Gemmer Asset Ltd Liability invested in 2,324 shares or 0.01% of the stock.

Integral Derivatives Llc increased Rig (RIG) stake by 199.74% reported in 2017Q2 SEC filing.


Transocean Inc (NYSE:RIG)'s revenue estimates for the current quarter are $637.28 Million according to 18 number of analysts, for the current quarter the company has high revenue estimates of $708 Million in contradiction of low revenue estimates of $589 Million. This target by RBC Capital would suggest the possibile upside of 9.02 % from the stock close price. This has been revealed in a note on Thursday, 5 October.

Among 39 analysts covering Transocean Ltd (NYSE:RIG), 14 have Buy rating, 9 Sell and 16 Hold. Therefore 36% are positive. Transocean Ltd. has a twelve month low of $7.20 and a twelve month high of $16.66. While 20-Day Moving Average VS Current Price shows "Sell" Signal. Instinet reaffirmed a "reduce" rating and set a $7.00 price target (down previously from $8.00) on shares of Transocean in a research report on Saturday, August 19th. On Thursday, February 25 the stock rating was maintained by Credit Suisse with "Underperform". The stock of Transocean Ltd. (NYSE:RIG) earned "Buy" rating by Evercore on Monday, December 19. The rating was upgraded by Seaport Global to "Neutral" on Friday, May 13. The stock has an average rating of "Hold" and a consensus price target of $12.31. Barclays Capital maintained it with "Underweight" rating and $5 target in Monday, March 28 report. On Tuesday, October 4 the stock rating was upgraded by Howard Weil to "Sector Outperform". The stock has "Hold" rating by Jefferies on Friday, September 22. The stock decreased 4.97% or $0.53 during the last trading session, reaching $10.13. About 8.17 million shares traded. It has underperformed by 0.84% the S&P500. Principal Financial Group Inc. owned about 0.65% of Transocean worth $27,296,000 at the end of the most recent quarter.

The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. The company has market cap of $113.72 million. The firm primarily offers deepwater and harsh environment drilling services. It now has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. (Part 2)" with publication date: "November 21, 2017.

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