Transocean Ltd. (NYSE:RIG) EVP Sells $61,160.00 in Stock

Transocean Ltd. (NYSE:RIG - Get Free Report) EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction on Monday, May 12th. The shares were sold at an average price of $2.78, for a total value of $61,160.00. Following the completion of the transaction, the executive vice president now directly owns 340,841 shares of the company's stock, valued at $947,537.98. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Roderick James Mackenzie also recently made the following trade(s):

• On Friday, April 11th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $2.23, for a total value of $49,060.00.
• On Tuesday, February 11th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $3.85, for a total value of $84,700.00.

Transocean Trading Down 1.7%

Shares of NYSE RIG traded down $0.05 during trading on Friday, reaching $2.62. The company had a trading volume of 35,194,978 shares, compared to its average volume of 25,925,294. The company's fifty day moving average price is $2.61 and its 200-day moving average price is $3.42. Transocean Ltd. has a 12 month low of $1.97 and a 12 month high of $6.38. The stock has a market cap of $2.31 billion, a P/E ratio of -3.58, a PEG ratio of 0.86 and a beta of 2.52. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

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

Institutional Investors Weigh In On Transocean

Institutional investors and hedge funds have recently made changes to their positions in the business. Twin Tree Management LP bought a new stake in shares of Transocean during the 4th quarter valued at about $27,000. Optiver Holding B.V. boosted its position in shares of Transocean by 53.6% during the 4th quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after purchasing an additional 2,933 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Transocean by 154.8% during the 1st quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock valued at $28,000 after purchasing an additional 5,353 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after purchasing an additional 4,826 shares in the last quarter. Finally, Townsend & Associates Inc bought a new stake in shares of Transocean during the 1st quarter valued at about $32,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. SEB Equity Research set a $2.80 price target on Transocean in a report on Wednesday, March 5th. Susquehanna reduced their price objective on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Morgan Stanley reduced their price objective on Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Friday. BTIG Research set a $5.00 price objective on Transocean and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Citigroup reduced their price objective on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $4.58.

Transocean Company 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.