Free Trial

Transocean (NYSE:RIG) Stock Rating Lowered by Wall Street Zen

Transocean logo with Energy background

Key Points

  • Transocean's stock has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, reflecting a negative outlook from analysts.
  • Despite the downgrade, BTIG Research still set a target price of $5.00 and rated the stock as a "buy", indicating mixed sentiments among analysts.
  • Shares of Transocean were trading down 3.8% to $2.81, with a current market cap of $2.48 billion and a consensus target price of $4.58.
  • MarketBeat previews the top five stocks to own by September 1st.

Transocean (NYSE:RIG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

RIG has been the topic of several other reports. BTIG Research set a $5.00 target price on Transocean and gave the stock a "buy" rating in a research report on Monday, May 5th. Barclays cut their price objective on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a report on Monday, April 7th. Morgan Stanley lowered their target price on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a report on Friday, May 16th. Finally, Susquehanna cut their price target on shares of Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Transocean currently has a consensus rating of "Hold" and a consensus target price of $4.58.

View Our Latest Analysis on RIG

Transocean Trading Down 3.8%

Shares of Transocean stock opened at $2.81 on Friday. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $5.32. The business's fifty day moving average is $2.82 and its two-hundred day moving average is $2.94. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.48 billion, a PE ratio of -2.96, a P/E/G ratio of 5.62 and a beta of 2.52.

Insider Activity

In related news, 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 transaction of $61,160.00. Following the transaction, the executive vice president owned 340,841 shares in the company, valued at approximately $947,537.98. The trade was a 6.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.27% of the stock is owned by insiders.

Institutional Trading of Transocean

Several large investors have recently added to or reduced their stakes in the stock. Advisory Alpha LLC boosted its position in shares of Transocean by 61.9% in the second quarter. Advisory Alpha LLC now owns 43,177 shares of the offshore drilling services provider's stock worth $112,000 after buying an additional 16,514 shares during the period. Teacher Retirement System of Texas lifted its position in Transocean by 38.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 165,411 shares of the offshore drilling services provider's stock worth $428,000 after acquiring an additional 45,610 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Transocean by 211.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,208 shares of the offshore drilling services provider's stock worth $58,000 after acquiring an additional 15,086 shares during the period. Resonant Capital Advisors LLC acquired a new stake in Transocean in the second quarter valued at approximately $83,000. Finally, R Squared Ltd raised its stake in shares of Transocean by 25.1% during the second quarter. R Squared Ltd now owns 25,990 shares of the offshore drilling services provider's stock valued at $67,000 after purchasing an additional 5,210 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

About Transocean

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Transocean (NYSE:RIG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Transocean Right Now?

Before you consider Transocean, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transocean wasn't on the list.

While Transocean currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines