DNB Markets upgraded shares of Transocean (NYSE:RIG – Free Report) from a maintain score to a purchase score in a report revealed on Tuesday, MarketBeat Rankings reviews.
A number of different analysis analysts additionally lately weighed in on RIG. StockNews.com raised Transocean to a promote score in a analysis word on Monday, August fifth. Benchmark restated a purchase score and set a $8.00 value goal on shares of Transocean in a analysis report on Friday, August 2nd. Two funding analysts have rated the inventory with a promote score, three have issued a maintain score and 5 have assigned a purchase score to the corporate. In accordance with knowledge from MarketBeat.com, Transocean presently has a mean score of Maintain and a mean value goal of $7.25.
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Transocean Inventory Efficiency
Shares of NYSE RIG opened at $4.32 on Tuesday. The corporate has a fast ratio of 1.08, a present ratio of 1.36 and a debt-to-equity ratio of 0.63. The agency’s 50 day easy shifting common is $5.19 and its 200-day easy shifting common is $5.50. Transocean has a 12 month low of $4.26 and a 12 month excessive of $8.88.
Transocean (NYSE:RIG – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, July thirty first. The offshore drilling companies supplier reported ($0.15) earnings per share for the quarter, lacking analysts’ consensus estimates of ($0.08) by ($0.07). Transocean had a destructive return on fairness of 4.76% and a destructive web margin of 11.34%. The agency had income of $861.00 million through the quarter, in comparison with analyst estimates of $862.25 million. Throughout the identical quarter final yr, the corporate posted ($0.15) EPS. The corporate’s income was up 18.1% on a year-over-year foundation. As a bunch, sell-side analysts anticipate that Transocean will submit -0.19 EPS for the present yr.
Insider Transactions at Transocean
In associated information, Director (Cyprus) Ltd Perestroika bought 2,000,000 shares of the corporate’s inventory in a transaction dated Friday, August 2nd. The inventory was acquired at a mean price of $5.23 per share, for a complete transaction of $10,460,000.00. Following the completion of the transaction, the director now immediately owns 89,574,894 shares of the corporate’s inventory, valued at $468,476,695.62. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Insiders personal 13.16% of the corporate’s inventory.
Institutional Traders Weigh In On Transocean
Hedge funds have lately modified their holdings of the corporate. Murphy Pohlad Asset Administration LLC elevated its stake in Transocean by 1.7% through the first quarter. Murphy Pohlad Asset Administration LLC now owns 96,150 shares of the offshore drilling companies supplier’s inventory price $604,000 after buying an extra 1,600 shares over the past quarter. Traynor Capital Administration Inc. lifted its stake in shares of Transocean by 5.2% within the 1st quarter. Traynor Capital Administration Inc. now owns 33,257 shares of the offshore drilling companies supplier’s inventory valued at $209,000 after buying an extra 1,650 shares over the past quarter. Oppenheimer Asset Administration Inc. grew its holdings in shares of Transocean by 8.6% through the 1st quarter. Oppenheimer Asset Administration Inc. now owns 22,237 shares of the offshore drilling companies supplier’s inventory price $140,000 after buying an extra 1,767 shares through the interval. Northwestern Mutual Wealth Administration Co. elevated its place in shares of Transocean by 138.8% through the 2nd quarter. Northwestern Mutual Wealth Administration Co. now owns 4,633 shares of the offshore drilling companies supplier’s inventory price $25,000 after buying an extra 2,693 shares over the past quarter. Lastly, Fisher Asset Administration LLC raised its holdings in Transocean by 11.0% within the 4th quarter. Fisher Asset Administration LLC now owns 27,714 shares of the offshore drilling companies supplier’s inventory valued at $176,000 after shopping for an extra 2,743 shares through the interval. Hedge funds and different institutional traders personal 67.73% of the corporate’s inventory.
About Transocean
Transocean Ltd., along with its subsidiaries, gives offshore contract drilling companies for oil and fuel wells worldwide. It contracts cell offshore drilling rigs, associated gear, and work crews to drill oil and fuel wells. The corporate operates a fleet of cell offshore drilling models, consisting of ultra-deepwater floaters and harsh atmosphere floaters.
Additional Studying
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