The stock of Transocean Partners LLC (NYSE:RIGP) is a huge mover today! About 1.65 million shares traded hands or 361.85% up from the average. Transocean Partners LLC (NYSE:RIGP) has risen 18.49% since April 20, 2016 and is uptrending. It has outperformed by 13.93% the S&P500.
The move comes after 5 months positive chart setup for the $979.26 million company. It was reported on Nov, 22 by Barchart.com. We have $14.34 PT which if reached, will make NYSE:RIGP worth $39.17M more.
Transocean Partners LLC (NYSE:RIGP) Ratings Coverage
Out of 3 analysts covering Transocean Partners LLC (NYSE:RIGP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Transocean Partners LLC has been the topic of 4 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The rating was downgraded by Morgan Stanley on Tuesday, July 26 to “Equal-Weight”. Citigroup maintained Transocean Partners LLC (NYSE:RIGP) on Monday, July 11 with “Neutral” rating. As per Friday, January 15, the company rating was initiated by Sidoti.
According to Zacks Investment Research, “Transocean Partners LLC owns, operates and acquires modern, technologically advanced offshore drilling rigs. The Company drills for oil and gas in the United States Gulf of Mexico. Its fleet consists of ultra-deepwater drillships and ultra-deepwater semisubmersible rig. Transocean Partners LLC is based in Aberdeen, the United Kingdom.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.26, from 1.22 in 2016Q1. The ratio worsened, as 6 funds sold all Transocean Partners LLC shares owned while 17 reduced positions. 8 funds bought stakes while 20 increased positions. They now own 9.82 million shares or 10.31% less from 10.95 million shares in 2016Q1.
The Texas-based Eagle Advsrs Ltd Liability Corp has invested 0.02% in Transocean Partners LLC (NYSE:RIGP). Swiss Bank accumulated 28,000 shares or 0% of the stock. State Common Retirement Fund holds 562 shares or 0% of its portfolio. The New York-based Tower Cap Lc (Trc) has invested 0% in Transocean Partners LLC (NYSE:RIGP). Wells Fargo & Mn holds 9,162 shares or 0% of its portfolio. Moreover, Adage Gp Ltd Liability Corporation has 0.12% invested in Transocean Partners LLC (NYSE:RIGP) for 3.43 million shares. Ladenburg Thalmann Fin accumulated 0% or 4,537 shares. The Illinois-based Zacks Invest Mngmt has invested 0% in Transocean Partners LLC (NYSE:RIGP). Susquehanna Group Inc Ltd Liability Partnership accumulated 0% or 48,406 shares. Connor Clark & Lunn Investment Mngmt Limited has 0% invested in the company for 50,700 shares. Qs Invsts Ltd Liability last reported 4,354 shares in the company. Bancorporation Of New York Mellon Corporation owns 39,606 shares or 0% of their US portfolio. Amp Invsts Ltd accumulated 0% or 15,600 shares. Acadian Asset Ltd Limited Liability Company has 188,696 shares for 0.01% of their US portfolio. California Employees Retirement Systems owns 92,700 shares or 0% of their US portfolio.
More notable recent Transocean Partners LLC (NYSE:RIGP) news were published by: Fool.com which released: “Transocean Partners LLC Soars on Buyout” on August 01, 2016, also Marketwatch.com with their article: “Virtual Stock Exchange” published on July 31, 2014, Globenewswire.com published: “Transocean Partners LLC Announces Adjournment of Special Meeting until …” on November 11, 2016. More interesting news about Transocean Partners LLC (NYSE:RIGP) were released by: Nasdaq.com and their article: “Transocean Partners LLC (RIGP) Ex-Dividend Date Scheduled for November 09, 2016” published on November 08, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Transocean increases consideration for acquisition of Transocean Par…” with publication date: November 21, 2016.
RIGP Company Profile
Transocean Partners LLC, incorporated on February 6, 2014, is a limited liability company. The Firm is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. (Transocean), to own, operate and acquire advanced offshore drilling rigs. The Company’s assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S. Gulf of Mexico (RigCo and collectively, the RigCos). The Firm generates revenue through contract drilling services, which involves contracting its mobile offshore drilling fleet, related equipment and work crews on a day-rate basis to large international energy companies to drill gas and oil wells.
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