Stock Worth Mentioning: Could Transocean LTD See a Reversal After This Very Strong Session?

Stock Worth Mentioning: Could Transocean LTD See a Reversal After This Very Strong Session?

The stock of Transocean LTD (NYSE:RIG) is a huge mover today! About 8.55 million shares traded hands. Transocean LTD (NYSE:RIG) has risen 7.48% since April 13, 2016 and is uptrending. It has outperformed by 3.56% the S&P500.
The move comes after 6 months positive chart setup for the $4.09 billion company. It was reported on Nov, 15 by Barchart.com. We have $18.02 PT which if reached, will make NYSE:RIG worth $2.66 billion more.

Transocean LTD (NYSE:RIG) Ratings Coverage

Out of 20 analysts covering Transocean Ltd (NYSE:RIG), 4 rate it a “Buy”, 4 “Sell”, while 12 “Hold”. This means 20% are positive. Transocean Ltd has been the topic of 48 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, August 7 by . The stock of Transocean LTD (NYSE:RIG) has “Sector Perform” rating given on Friday, August 12 by RBC Capital Markets. As per Wednesday, March 9, the company rating was upgraded by Fearnley. The rating was upgraded by Zacks to “Hold” on Tuesday, August 25. Sidoti initiated Transocean LTD (NYSE:RIG) on Friday, January 15 with “Buy” rating. The stock of Transocean LTD (NYSE:RIG) has “Strong-Buy” rating given on Friday, August 28 by Vetr. Cowen & Co maintained Transocean LTD (NYSE:RIG) rating on Tuesday, August 18. Cowen & Co has “Market Perform” rating and $12 price target. KeyBanc Capital Markets initiated the shares of RIG in a report on Friday, October 9 with “Sector Weight” rating. The rating was maintained by Citigroup with “Sell” on Monday, May 16. The stock has “Underperform” rating given by Jefferies on Monday, August 10.

According to Zacks Investment Research, “Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. The company is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.21, from 1.2 in 2016Q1. The ratio dived, as 63 funds sold all Transocean LTD shares owned while 110 reduced positions. 63 funds bought stakes while 108 increased positions. They now own 255.85 million shares or 3.91% less from 266.27 million shares in 2016Q1.
Winslow Asset Mngmt holds 0.55% of its portfolio in Transocean LTD (NYSE:RIG) for 207,286 shares. Panagora Asset Mgmt accumulated 0.05% or 915,423 shares. Marshall Wace Llp accumulated 1.71 million shares or 0.17% of the stock. Sunbelt Securities last reported 0% of its portfolio in the stock. Brave Asset Mgmt owns 22,879 shares or 0.18% of their US portfolio. The New York-based Ibm Retirement Fund has invested 0.01% in Transocean LTD (NYSE:RIG). Gsa Prtnrs Ltd Liability Partnership accumulated 0.04% or 56,214 shares. Liberty Mutual Grp Asset last reported 0.01% of its portfolio in the stock. Moreover, Globeflex Cap Lp has 0.23% invested in Transocean LTD (NYSE:RIG) for 70,784 shares. Schroder Management Group, a Maine-based fund reported 987,300 shares. Moreover, Envestnet Asset Mngmt has 0% invested in Transocean LTD (NYSE:RIG) for 15,811 shares. The Pennsylvania-based Vanguard Grp Inc has invested 0.03% in Transocean LTD (NYSE:RIG). Sandy Spring Bank holds 0% or 69 shares in its portfolio. Blair William & Com Il last reported 39,835 shares in the company. Louisiana State Employees Retirement last reported 22,500 shares in the company.

Another recent and important Transocean LTD (NYSE:RIG) news was published by Forbes.com which published an article titled: “Transocean Reaches Analyst Target Price” on November 04, 2016.

RIG Company Profile

Transocean Ltd., incorporated on August 18, 2008, is an international well-known provider of offshore contract drilling services for gas and oil wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill gas and oil wells. The Firm operates through the contract drilling services segment. The Firm specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Company’s mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Firm owns or has partial ownership interests in and operates over 60 mobile offshore drilling, including approximately 30 ultra-deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. The Firm has approximately six ultra-deepwater drillships and over five high-specification jackups under construction or under contract to be constructed.

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