Transocean LTD (NYSE:RIG) Institutional Investors Sentiment

October 11, 2018 - By Peter Kolinski

Transocean Ltd. (NYSE:RIG) Logo

Sentiment for Transocean LTD (NYSE:RIG)

Transocean LTD (NYSE:RIG) institutional sentiment decreased to 0.87 in 2018 Q2. Its down -0.42, from 1.29 in 2018Q1. The ratio turned negative, as 144 active investment managers increased and started new equity positions, while 166 sold and reduced positions in Transocean LTD. The active investment managers in our partner’s database now have: 283.66 million shares, down from 296.24 million shares in 2018Q1. Also, the number of active investment managers holding Transocean LTD in their top 10 equity positions increased from 5 to 6 for an increase of 1. Sold All: 44 Reduced: 122 Increased: 76 New Position: 68.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $6.04 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.

The stock decreased 0.34% or $0.045 during the last trading session, reaching $13.085. About 11.72 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 30.03% since October 11, 2017 and is uptrending. It has outperformed by 14.41% the S&P500.

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on November, 7. They expect $-0.11 earnings per share, down 168.75 % or $0.27 from last year’s $0.16 per share. After $-0.04 actual earnings per share reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts 175.00 % negative EPS growth.

Odey Asset Management Group Ltd holds 6.84% of its portfolio in Transocean Ltd. for 2.99 million shares. Contrarius Investment Management Ltd owns 12.63 million shares or 6.65% of their US portfolio. Moreover, Valueworks Llc has 5.1% invested in the company for 591,225 shares. The United Kingdom-based Somerset Capital Management Llp has invested 4.59% in the stock. Tensile Capital Management Llc, a California-based fund reported 1.89 million shares.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Ratings analysis reveals 78% of Transocean LTD’s analysts are positive. Out of 9 Wall Street analysts rating Transocean LTD, 7 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $8 while the high is $18. The stock’s average target of $14.17 is 8.29% above today’s ($13.085) share price. RIG was included in 10 notes of analysts from April 13, 2018. The firm has “Neutral” rating by Bank of America given on Wednesday, April 18. The stock of Transocean Ltd. (NYSE:RIG) earned “Outperform” rating by RBC Capital Markets on Thursday, September 20. The rating was maintained by Barclays Capital with “Underweight” on Thursday, August 9. The firm earned “Buy” rating on Monday, April 30 by Citigroup. The company was downgraded on Wednesday, August 1 by Fearnleys. The stock of Transocean Ltd. (NYSE:RIG) earned “Outperform” rating by Wells Fargo on Wednesday, September 19. The firm has “Buy” rating by Citigroup given on Thursday, June 21.

More important recent Transocean Ltd. (NYSE:RIG) news were published by: which released: “Transocean Bags An Important Contract Extension With Petrobras” on October 01, 2018, also published article titled: “Barron’s Picks And Pans: Barnes & Noble, Transocean, Visa, Western Union And More”, published: “Tight Ultra Deepwater Rig Supply Benefits Transocean, Wells Fargo Says In Upgrade” on September 19, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) was released by: and their article: “Transocean: Finally, A Strategic Win” with publication date: September 13, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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