Were Analysts Bearish Transocean Ltd. (NYSE:RIG) This Week?

May 18, 2018 - By Mary Hughes

Transocean Ltd. (NYSE:RIG) LogoInvestors sentiment increased to 1.04 in 2017 Q4. Its up 0.09, from 0.95 in 2017Q3. It improved, as 52 investors sold Transocean Ltd. shares while 112 reduced holdings. 69 funds opened positions while 101 raised stakes. 275.51 million shares or 1.75% less from 280.42 million shares in 2017Q3 were reported.
Moreover, Raymond James Financial Services Advsrs Inc has 0.01% invested in Transocean Ltd. (NYSE:RIG) for 82,838 shares. Fruth Inv has invested 0.12% in Transocean Ltd. (NYSE:RIG). Mackenzie invested 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Virtus Investment Advisers reported 43,265 shares. Glg Prns Lp stated it has 0.25% of its portfolio in Transocean Ltd. (NYSE:RIG). Hanson Mcclain Incorporated holds 880 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 0.01% invested in Transocean Ltd. (NYSE:RIG) for 57,137 shares. Ubs Asset Mngmt Americas owns 636,594 shares for 0.01% of their portfolio. 64,908 are owned by Profund Ltd Llc. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.01% of its portfolio in Transocean Ltd. (NYSE:RIG). Robeco Institutional Asset Bv reported 0.04% in Transocean Ltd. (NYSE:RIG). Millennium Mgmt Lc holds 0.04% or 2.63M shares. Grp Inc One Trading L P has 270,891 shares. State Of Wisconsin Invest Board holds 0% or 80,535 shares in its portfolio. 438,416 were reported by Creative Planning.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Among 10 analysts covering Transocean LTD (NYSE:RIG), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Transocean LTD had 15 analyst reports since December 8, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, January 10 by Piper Jaffray. The company was maintained on Friday, January 12 by Susquehanna. Piper Jaffray maintained Transocean Ltd. (NYSE:RIG) on Thursday, February 15 with “Hold” rating. The firm earned “Buy” rating on Thursday, January 4 by Jefferies. The company was upgraded on Wednesday, April 4 by HSBC. As per Friday, February 16, the company rating was maintained by Susquehanna. Citigroup maintained the shares of RIG in report on Monday, April 30 with “Buy” rating. RBC Capital Markets maintained Transocean Ltd. (NYSE:RIG) rating on Thursday, December 21. RBC Capital Markets has “Hold” rating and $11.0 target. Cowen & Co maintained Transocean Ltd. (NYSE:RIG) on Thursday, January 11 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, April 18 by Bank of America. Below is a list of Transocean Ltd. (NYSE:RIG) latest ratings and price target changes.

30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $15 New Target: $16 Maintain
18/04/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $13 Maintain
13/04/2018 Broker: Credit Suisse Rating: Buy New Target: $16.0000
04/04/2018 Broker: HSBC Old Rating: Hold New Rating: Buy Old Target: $11.5 Upgrade
27/03/2018 Broker: Piper Jaffray Rating: Hold New Target: $10.8500 Maintain
15/03/2018 Broker: Cowen & Co Rating: Hold New Target: $10.0 Maintain
16/02/2018 Broker: Susquehanna Rating: Hold New Target: $10.0 Maintain
15/02/2018 Broker: Piper Jaffray Rating: Hold New Target: $10.75 Maintain
26/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $13.0 Maintain
12/01/2018 Broker: Susquehanna Rating: Hold New Target: $11.0 Maintain

The stock increased 0.81% or $0.11 during the last trading session, reaching $13.71. About 21.39M shares traded or 42.83% up from the average. Transocean Ltd. (NYSE:RIG) has declined 18.26% since May 18, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $6.33 billion. The firm primarily offers deepwater and harsh environment drilling services. It currently has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in, and operated 56 mobile offshore drilling units that consist of 30 ultra-deepwater floaters, 7 harsh environment floaters, 3 deepwater floaters, 6 midwater floaters, and 10 high-specification jackups.

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Transocean: Discussing The Q1 Earnings Report” on May 01, 2018, also Seekingalpha.com with their article: “Seadrill: Sell The Insane Rally” published on May 17, 2018, Globenewswire.com published: “Transocean Acquires Interest in Harsh Environment Newbuild Semisubmersible” on May 09, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Seekingalpha.com and their article: “Transocean April Fleet Status A Must Read” published on April 20, 2018 as well as Seekingalpha.com‘s news article titled: “Transocean: Discussing April 2018 Fleet Status Report” with publication date: April 19, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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