Transocean Ltd. (NYSE:RIG) Given Average Rating of "Hold" by Analysts

Transocean Ltd. (NYSE:RIG - Get Free Report) has been given an average recommendation of "Hold" by the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.70.

Several research firms have weighed in on RIG. StockNews.com raised Transocean to a "sell" rating in a research report on Tuesday, February 20th. Benchmark reaffirmed a "buy" rating and issued a $8.00 price objective on shares of Transocean in a research report on Tuesday. Barclays decreased their price target on shares of Transocean from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Thursday, February 22nd. Evercore ISI dropped their price target on Transocean from $9.00 to $7.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Susquehanna raised shares of Transocean from a "neutral" rating to a "positive" rating and upped their price objective for the company from $5.50 to $9.00 in a report on Monday, April 8th.

Institutional Investors Weigh In On Transocean

Large investors have recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. boosted its position in shares of Transocean by 949.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 126,006 shares of the offshore drilling services provider's stock valued at $1,035,000 after acquiring an additional 114,000 shares during the last quarter. Lisanti Capital Growth LLC grew its stake in Transocean by 299.9% in the 3rd quarter. Lisanti Capital Growth LLC now owns 1,770,822 shares of the offshore drilling services provider's stock worth $14,538,000 after buying an additional 1,328,032 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Transocean by 180.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,535 shares of the offshore drilling services provider's stock worth $267,000 after buying an additional 20,935 shares during the last quarter. Hosking Partners LLP raised its position in shares of Transocean by 342.7% during the 3rd quarter. Hosking Partners LLP now owns 1,112,543 shares of the offshore drilling services provider's stock valued at $9,134,000 after buying an additional 861,209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Transocean by 16.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider's stock worth $118,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Transocean Trading Up 3.9 %

NYSE RIG traded up $0.21 during mid-day trading on Friday, reaching $5.58. 16,000,661 shares of the stock were exchanged, compared to its average volume of 18,329,908. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.22. The stock has a market cap of $4.57 billion, a P/E ratio of -10.69 and a beta of 2.83. The stock has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $5.95. Transocean has a one year low of $4.45 and a one year high of $8.88.

Transocean (NYSE:RIG - Get Free Report) last released its earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.10. Transocean had a negative return on equity of 4.67% and a negative net margin of 13.27%. The business had revenue of $767.00 million during the quarter, compared to analysts' expectations of $781.86 million. During the same quarter last year, the firm posted ($0.38) earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. On average, analysts anticipate that Transocean will post 0.05 EPS for the current year.

About Transocean

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.