1,050,543 Shares in Transocean Ltd. $RIG Acquired by Hosking Partners LLP

Key Points

• Hosking Partners LLP acquired 1,050,543 Transocean shares valued at approximately $5.5 million, representing about 0.09% of the company. Overall, hedge funds and institutional investors own 67.73% of RIG.
• Analyst sentiment is mixed: two analysts rate Transocean a Strong Buy, three Buy, four Hold, and three Sell. The consensus rating is Hold, with an average price target of $6.68.
• Transocean recently reported quarterly revenue of $966 million and earnings of $0.03 per share, beating estimates of $956.64 million and $0.01, respectively, though revenue declined 2.2% year over year and the company posted a negative net margin.

Hosking Partners LLP bought a new stake in Transocean Ltd. (NYSE:RIG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,050,543 shares of the offshore drilling services provider's stock, valued at approximately $5,505,000. Hosking Partners LLP owned approximately 0.09% of Transocean as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ascentis Independent Advisors purchased a new stake in shares of Transocean during the 1st quarter valued at $43,000. EverSource Wealth Advisors LLC grew its stake in Transocean by 27.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider's stock worth $43,000 after buying an additional 1,391 shares during the last quarter. Root Financial Partners LLC grew its stake in Transocean by 192.6% during the 1st quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider's stock worth $52,000 after buying an additional 5,126 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Transocean during the 2nd quarter worth $52,000. Finally, Hardin Capital Partners LLC acquired a new position in Transocean during the 2nd quarter valued at about $54,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RIG has been the subject of a number of research analyst reports. Zacks Research upgraded Transocean from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Fearnley Fonds upgraded Transocean from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Weiss Ratings restated a "sell (d-)" rating on shares of Transocean in a report on Thursday, October 15th. Susquehanna cut their price objective on shares of Transocean from $8.00 to $7.00 and set a "positive" rating on the stock in a report on Wednesday, July 8th. Finally, Barclays decreased their price objective on shares of Transocean from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.68.

Transocean Stock Performance

Shares of RIG opened at $6.04 on Thursday. The stock has a 50-day moving average of $5.66 and a two-hundred day moving average of $5.80. Transocean Ltd. has a one year low of $3.32 and a one year high of $7.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59. The stock has a market cap of $6.75 billion, a P/E ratio of -3.22, a P/E/G ratio of 4.30 and a beta of 1.41.

Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%. The business had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. During the same period in the prior year, the company earned ($1.06) earnings per share. The company's revenue was down 2.2% on a year-over-year basis. As a group, research analysts predict that Transocean Ltd. will post 0.18 EPS for the current year.

Transocean Company Profile

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.

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