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

Key Points

• Transocean Ltd. (NYSE:RIG) has received a consensus recommendation of "Hold" from nine analysts, with six analysts rating it as a hold and three as a buy.
• The company’s average twelve-month price target is $4.26, reflecting bullish expectations among some analysts despite recent performance.
• Institutional investors continue to buy into Transocean, with Osaic Holdings Inc. increasing its stake by 96.6% in the second quarter.

Transocean Ltd. (NYSE:RIG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.2556.

RIG has been the subject of a number of research reports. Wall Street Zen raised shares of Transocean from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Barclays upped their price objective on shares of Transocean from $3.50 to $4.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th.

Transocean Stock Performance

NYSE RIG opened at $3.31 on Monday. Transocean has a 52-week low of $1.97 and a 52-week high of $4.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.26. The company has a market capitalization of $3.12 billion, a P/E ratio of -1.78, a P/E/G ratio of 7.05 and a beta of 2.79. The company has a fifty day moving average of $2.95 and a 200-day moving average of $2.78.

Institutional Investors Weigh In On Transocean

A number of institutional investors have recently made changes to their positions in RIG. Osaic Holdings Inc. boosted its position in Transocean by 96.6% during the 2nd quarter. Osaic Holdings Inc. now owns 189,912 shares of the offshore drilling services provider's stock valued at $492,000 after buying an additional 93,311 shares during the period. Marex Group plc purchased a new stake in Transocean during the 2nd quarter valued at $471,000. Advisory Services Network LLC boosted its position in Transocean by 5.9% during the 2nd quarter. Advisory Services Network LLC now owns 301,637 shares of the offshore drilling services provider's stock valued at $781,000 after buying an additional 16,753 shares during the period. Headlands Technologies LLC purchased a new stake in Transocean during the 2nd quarter valued at $65,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Transocean by 49.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 624,108 shares of the offshore drilling services provider's stock valued at $1,614,000 after buying an additional 205,872 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

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.

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