Notable Runner: Is Transocean LTD (NYSE:RIG) Going to Burn These Institutional Investors?

November 28, 2016 - By Marguerite Chambers   ·   0 Comments

Notable Runner: Is Transocean LTD (NYSE:RIG) Going to Burn These Institutional Investors?

Sentiment for Transocean LTD (NYSE:RIG)

Transocean LTD (NYSE:RIG) institutional sentiment increased to 1.16 in Q2 2016. Its up 0.17, from 0.99 in 2016Q1. The ratio increased, as 171 investment professionals opened new and increased stock positions, while 173 sold and decreased holdings in Transocean LTD. The investment professionals in our partner’s database now possess: 255.85 million shares, down from 266.27 million shares in 2016Q1. Also, the number of investment professionals holding Transocean LTD in their top 10 stock positions increased from 3 to 5 for an increase of 2. Sold All: 63 Reduced: 110 Increased: 108 New Position: 63.

Transocean Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has a market cap of $4.15 billion. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill gas and oil wells. It has a 3.57 P/E ratio. The Firm operates through the contract drilling services segment.

About 5.60M shares traded hands. Transocean LTD (NYSE:RIG) has risen 13.65% since April 25, 2016 and is uptrending. It has outperformed by 7.63% the S&P500.

Analysts await Transocean LTD (NYSE:RIG) to report earnings on February, 22. They expect $0.07 EPS, down 95.83% or $1.61 from last year’s $1.68 per share. RIG’s profit will be $25.35M for 40.93 P/E if the $0.07 EPS becomes a reality. After $0.25 actual EPS reported by Transocean LTD for the previous quarter, Wall Street now forecasts -72.00% negative EPS growth.

According to Zacks Investment Research, “Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. 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. The company is based in Houston, Texas.”

Steadfast Advisors Lp holds 3.84% of its portfolio in Transocean LTD for 526,322 shares. Steadfast Capital Management Lp owns 12.56 million shares or 3.79% of their US portfolio. Moreover, Mount Lucas Management Lp has 2.11% invested in the company for 1.05 million shares. The Virginia-based Athena Global Investors Llc has invested 2.07% in the stock. Fairpointe Capital Llc, a Illinois-based fund reported 7.51 million shares.#img1#

Transocean LTD (NYSE:RIG) Ratings Coverage

Ratings analysis reveals 20% of Transocean Ltd’s analysts are positive. Out of 20 Wall Street analysts rating Transocean Ltd, 4 give it “Buy”, 4 “Sell” rating, while 12 recommend “Hold”. The lowest target is $2 while the high is $14. The stock’s average target of $10.61 is -7.42% below today’s ($11.46) share price. RIG was included in 48 notes of analysts from August 7, 2015. The firm earned “Neutral” rating on Friday, September 23 by Credit Suisse. The firm has “Equal-Weight” rating given on Wednesday, October 26 by Morgan Stanley. The company was maintained on Wednesday, March 16 by Citigroup. On Monday, July 18 the stock rating was upgraded by Wells Fargo to “Market Perform”. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Friday, October 9. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was initiated by Citigroup on Tuesday, October 20 with “Sell”. The stock of Transocean LTD (NYSE:RIG) has “Buy” rating given on Friday, January 15 by Sidoti. The company was initiated on Wednesday, September 14 by Howard Weil. The stock of Transocean LTD (NYSE:RIG) earned “Underperform” rating by Credit Suisse on Saturday, September 5.

RIG Company Profile

Transocean Ltd., incorporated on August 18, 2008, is an international well-known provider of offshore contract drilling services for gas and oil wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill gas and oil wells. The Firm operates through the contract drilling services segment. The Firm specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Company’s mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Firm owns or has partial ownership interests in and operates over 60 mobile offshore drilling, including approximately 30 ultra-deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. The Firm has approximately six ultra-deepwater drillships and over five high-specification jackups under construction or under contract to be constructed.

More recent Transocean LTD (NYSE:RIG) news were published by: Livetradingnews.com which released: “Transocean LTD (NYSE:RIG) Trending Upwards” on November 28, 2016. Also Forbes.com published the news titled: “Transocean Reaches Analyst Target Price” on November 04, 2016. Globenewswire.com‘s news article titled: “Transocean Ltd. Increases Consideration for Acquisition of Transocean Partners LLC” with publication date: November 21, 2016 was also an interesting one.

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By Marguerite Chambers

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