What's The Story Behind Transocean Ltd. (NYSE:RIG)

Jeannie Matthews
January 12, 2018

Recent insider trends for Target Corporation (NYSE:TGT) have caught the attention of investors. The Loeb Partners Corporation holds 20,000 shares with $2.40M value, down from 23,200 last quarter. According to today's trading volume Transocean Ltd.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock increased 1.69% or $0.2 during the last trading session, reaching $12.06. About 13.32M shares traded or 14.71% up from the average. Monsanto Company (NYSE:MON) has risen 15.46% since January 11, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

In an overview of the current analyst recommendations, Buy count is 14 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 7 and 0, respectively. Overall, 9.83 Million shares exchanged hands versus its average volume of $5.99 Million. Transocean Ltd. (NYSE:RIG) has risen 15.86% since January 11, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Transocean Ltd. (NYSE:RIG) closed its last session at $12.12. Using ratings provided by analysts to Zacks Research, we can see that the current average broker rating on shares of Baxter International Inc. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Chevy Chase reported 0% of its portfolio in Transocean Ltd. (NYSE:RIG). During the same quarter previous year, the firm posted $0.25 earnings per share. Over the past twelve months, Transocean Ltd. (NYSE:RIG)'s stock was 13.48%.

Ratings analysis reveals 33% of Transocean's analysts are positive. Eleven analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Jefferies has "Hold" rating and $10 target. RIG was included in 9 notes of analysts from August 25, 2016. That puts the market capitalization at $30.47 bln. The rating was downgraded by Nomura to "Hold" on Tuesday, December 19. Goldman Sachs upgraded Itaú Unibanco Holding S.A. (NYSE:ITUB) on Wednesday, July 20 to "Neutral" rating. On Monday, January 18 the stock rating was initiated by Sidoti with "Buy". Brean Capital maintained the stock with "Buy" rating in Wednesday, October 26 report. The stock of Transocean Ltd. (NYSE:RIG) earned "Sell" rating by Citigroup on Monday, May 16. The company was upgraded on Thursday, September 15 by Canaccord Genuity. Finally, Contrarius Investment Management Ltd acquired a new stake in Transocean during the third quarter worth $59,302,000.

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Analysts on average have given a price target of $11.99 to Transocean Ltd. (RIG) stock. Therefore 35% are positive. Transocean Ltd had 99 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Susquehanna on Monday, May 16 with "Neutral". The firm earned "Neutral" rating on Thursday, March 31 by UBS. SCHILLER PHILIP W had sold 56,808 shares worth $8.79M on Tuesday, October 3. Capital One Financial Corporation upgraded Transocean from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, December 13th. RBC Capital Markets maintained the shares of RIG in report on Thursday, December 21 with "Hold" rating. The firm has "Buy" rating given on Friday, August 18 by Pareto.

Since August 7, 2017, it had 0 insider purchases, and 11 insider sales for $90.94 million activity. Ledyard Commercial Bank holds 0% or 3,310 shares in its portfolio. Taylor David S sold $587,402 worth of stock or 6,382 shares. Giovanni Ciserani had sold 4,589 shares worth $422,374.

This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. Its down 0.12, from 0.94 in 2017Q2. It turned negative, as 66 investors sold RIG shares while 107 reduced holdings. 52 funds opened positions while 67 raised stakes. 321.42 million shares or 4.04% more from 308.94 million shares in 2017Q2 were reported. Comm Commercial Bank has 12,003 shares for 0% of their portfolio. Carl Domino Inc holds 0.31% or 24,000 shares. United Service Automobile Association, a Texas-based fund reported 73,000 shares. Cqs Cayman Lp reported 62,500 shares. Jacobs And Comm Ca holds 108,713 shares or 3.15% of its portfolio. Jabre Capital Prns invested 0.31% of its portfolio in Inphi Corporation (NYSE:IPHI). Scotia Cap holds 471,684 shares or 0.61% of its portfolio. The Relative Volume value measured for Transocean Ltd. stands at 0.85. Saratoga Rech And Invest reported 10,680 shares. Nichols Pratt Advisers Llp Ma owns 79,804 shares. The firm has 22.50% of total shares float short, yielding a short ratio of 7.53. Ahl Ptnrs Ltd Liability Partnership invested in 104,948 shares or 0.02% of the stock. 10 owns 30,265 shares or 0.08% of their United States portfolio.

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