Two Sigma Advisers LP Acquires 854,800 Shares of Transocean Ltd. (NYSE:RIG)

Two Sigma Advisers LP increased its position in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 118.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,577,454 shares of the offshore drilling services provider's stock after purchasing an additional 854,800 shares during the quarter. Two Sigma Advisers LP owned 0.18% of Transocean worth $5,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP bought a new stake in Transocean during the fourth quarter worth about $27,000. Optiver Holding B.V. lifted its holdings in shares of Transocean by 53.6% in the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock worth $32,000 after acquiring an additional 2,933 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Transocean by 96.2% in the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock worth $37,000 after acquiring an additional 4,826 shares during the last quarter. Adero Partners LLC bought a new position in shares of Transocean in the fourth quarter worth about $38,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Transocean in the fourth quarter worth about $40,000. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RIG. Barclays dropped their target price on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a report on Monday, April 7th. Citigroup lowered their price objective on Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Morgan Stanley lowered their price objective on Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a research note on Friday, May 16th. Susquehanna lowered their price objective on Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Finally, BTIG Research set a $5.00 price objective on Transocean and gave the company a "buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $4.58.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the transaction, the executive vice president now directly owns 340,841 shares in the company, valued at approximately $947,537.98. This represents a 6.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.54% of the company's stock.

Transocean Trading Down 3.7%

NYSE:RIG traded down $0.10 on Friday, reaching $2.51. 11,655,367 shares of the stock traded hands, compared to its average volume of 26,433,449. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -3.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.52. The company's 50 day moving average is $2.50 and its 200-day moving average is $3.31. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a 1-year low of $1.97 and a 1-year high of $6.25.

Transocean (NYSE:RIG - Get Free Report) last released its earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $884.92 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. Equities research analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Transocean Profile

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.