Transocean Ltd. (NYSE:RIG) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Transocean Ltd. (NYSE:RIG - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.58.

A number of equities research analysts have commented on RIG shares. Susquehanna decreased their price objective on shares of Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a report on Monday, April 14th. BTIG Research set a $5.00 target price on Transocean and gave the company a "buy" rating in a research report on Monday, May 5th. SEB Equity Research set a $2.80 target price on shares of Transocean in a report on Wednesday, March 5th. Barclays decreased their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Citigroup lowered their price objective on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th.

Insider Buying and Selling

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $2.78, for a total transaction of $61,160.00. Following the sale, the executive vice president owned 340,841 shares of the company's stock, valued at $947,537.98. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 12.54% of the company's stock.

Institutional Trading of Transocean

Several large investors have recently modified their holdings of RIG. Twin Tree Management LP purchased a new stake in Transocean in the 4th quarter worth $27,000. Parallel Advisors LLC boosted its position in 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 acquiring an additional 5,353 shares in the last quarter. Optiver Holding B.V. lifted its holdings 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 during the last quarter. Townsend & Associates Inc purchased a new position in shares of Transocean in the first quarter worth $32,000. Finally, Costello Asset Management INC purchased a new position in Transocean during the 1st quarter worth approximately $32,000. Institutional investors own 67.73% of the company's stock.

Transocean Stock Up 5.6%

Shares of NYSE RIG traded up $0.15 during trading hours on Wednesday, hitting $2.81. The stock had a trading volume of 32,839,308 shares, compared to its average volume of 28,695,500. Transocean has a 52 week low of $1.97 and a 52 week high of $5.98. The firm's 50-day moving average price is $2.64 and its two-hundred day moving average price is $3.08. The company has a market capitalization of $2.48 billion, a P/E ratio of -2.96, a P/E/G ratio of 1.71 and a beta of 2.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.33.

Transocean (NYSE:RIG - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $884.92 million. Transocean had a negative return on equity of 0.94% and a negative net margin of 18.79%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. Analysts anticipate that Transocean will post 0.14 EPS for the current fiscal 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.