2 weeks Ago By Defense World Staff
Shares of Transocean Ltd. ( NYSE:RIG – Get Free Report ) have received an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company.
The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.00. Several research analysts have recently issued reports on the stock.
Morgan Stanley dropped their target price on shares of Transocean from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th.
DNB Markets upgraded Transocean from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. Citigroup cut Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Benchmark reaffirmed a “buy” rating and set a $8.
00 price objective on shares of Transocean in a research report on Friday, August 2nd. Finally, StockNews.com raised Transocean to a “sell” rating in a research report on Thursday.
Get Our Latest Report on Transocean Insider Activity Institutional Trading of Transocean Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Transocean by 0.
6% in the 1st quarter. Vanguard Group Inc. now owns 68,982,142 shares of the offshore drilling services provider’s stock worth $433,208,000 after buying an additional 429,950 shares during the period.
Primecap Management Co. CA grew its position in shares of Transocean by 0.7% during the second quarter.
Primecap Management Co. CA now owns 56,119,489 shares of the offshore drilling services provider’s stock worth $300,239,000 after purchasing an additional 375,450 shares in the last quarter. Capital World Investors grew its position in shares of Transocean by 18.
8% during the first quarter. Capital World Investors now owns 46,334,990 shares of the offshore drilling services provider’s stock worth $290,984,000 after purchasing an additional 7,320,672 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Transocean by 19.
0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock valued at $196,484,000 after purchasing an additional 5,856,414 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Transocean by 7.
0% in the 1st quarter. Van ECK Associates Corp now owns 17,013,964 shares of the offshore drilling services provider’s stock worth $106,848,000 after purchasing an additional 1,105,747 shares in the last quarter. 67.
73% of the stock is owned by hedge funds and other institutional investors. Transocean Stock Performance Transocean stock opened at $4.31 on Monday.
Transocean has a twelve month low of $3.85 and a twelve month high of $8.60.
The company has a quick ratio of 1.08, a current ratio of 1.36 and a debt-to-equity ratio of 0.
63. The company has a market capitalization of $3.77 billion, a P/E ratio of -8.
29 and a beta of 2.79. The stock’s 50 day moving average is $4.
85 and its 200 day moving average is $5.42. Transocean ( NYSE:RIG – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st.
The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.
07). Transocean had a negative net margin of 11.34% and a negative return on equity of 4.
76%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.
25 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share.
Transocean’s revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that Transocean will post -0.
18 earnings per share for the current fiscal year. Transocean Company Profile ( Get Free Report Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide.
It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. Recommended Stories Five stocks we like better than Transocean Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time Simon Property REIT: A Safe Bet for Growth and Steady Dividends 2 Fintech Stocks to Buy Now and 1 to Avoid CarMax’s Impressive Rally: What Investors Should Watch Next EV Stocks and How to Profit from Them MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Transocean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transocean and related companies with MarketBeat.
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