Price Action Don’t Lie: Could Transocean LTD Lose Strenght? The Stock Increases A Lot Today

Price Action Don't Lie: Could Transocean LTD Lose Strenght? The Stock Increases A Lot Today

The stock of Transocean LTD (NYSE:RIG) is a huge mover today! About 21.52 million shares traded hands or 55.72% up from the average. Transocean LTD (NYSE:RIG) has declined 1.25% since April 27, 2016 and is downtrending. It has underperformed by 6.48% the S&P500.
The move comes after 6 months positive chart setup for the $4.50B company. It was reported on Nov, 30 by Barchart.com. We have $13.63 PT which if reached, will make NYSE:RIG worth $315.00 million more.

Analysts await Transocean LTD (NYSE:RIG) to report earnings on February, 22. They expect $0.07 earnings per share, down 95.83% or $1.61 from last year’s $1.68 per share. RIG’s profit will be $24.73M for 45.50 P/E if the $0.07 EPS becomes a reality. After $0.25 actual earnings per share reported by Transocean LTD for the previous quarter, Wall Street now forecasts -72.00% negative EPS growth.

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 rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, August 12. The firm has “Buy” rating given on Monday, November 30 by Guggenheim. The rating was upgraded by Canaccord Genuity to “Hold” on Thursday, September 15. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, October 26. The firm has “Hold” rating by Jefferies given on Wednesday, September 28. The company was maintained on Tuesday, August 18 by Cowen & Co. KeyBanc Capital Markets initiated Transocean LTD (NYSE:RIG) on Friday, October 9 with “Sector Weight” rating. Howard Weil initiated the stock with “Sector Perform” rating in Wednesday, September 14 report. Jefferies upgraded Transocean LTD (NYSE:RIG) rating on Monday, August 10. Jefferies has “Underperform” rating and $13 price target. Citigroup initiated the stock with “Sell” rating in Tuesday, October 20 report.

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 increased to 1.16 in 2016 Q2. Its up 0.17, from 0.99 in 2016Q1. The ratio improved, 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.
Amalgamated Bancorporation accumulated 0.03% or 47,378 shares. Moreover, Ajo L P has 0.13% invested in Transocean LTD (NYSE:RIG) for 2.48 million shares. The United Kingdom-based Aviva Public Ltd has invested 0.02% in Transocean LTD (NYSE:RIG). Moreover, Cantab Capital Prns Llp has 0% invested in Transocean LTD (NYSE:RIG) for 2,105 shares. Texas Permanent School Fund holds 111,378 shares or 0.02% of its portfolio. Apriem Advisors has invested 0% of its portfolio in Transocean LTD (NYSE:RIG). Fincl Architects last reported 5,386 shares in the company. Icahn Carl C has invested 1.26% of its portfolio in Transocean LTD (NYSE:RIG). Carl Domino, a Florida-based fund reported 15,000 shares. Lee Danner And Bass last reported 0.01% of its portfolio in the stock. Allsquare Wealth Limited Liability reported 300 shares or 0% of all its holdings. Teacher Retirement Of Texas reported 48,044 shares or 0% of all its holdings. Washington Tru National Bank holds 0% or 59 shares in its portfolio. Hanson And Doremus Mgmt accumulated 0.1% or 18,292 shares. Comm Financial Bank accumulated 37,948 shares or 0.01% of the stock.

More recent Transocean LTD (NYSE:RIG) news were published by: Reuters.com which released: “BRIEF-Transocean Ltd says unit has priced an offering of senior secured no…” on November 29, 2016. Also Forbes.com published the news titled: “Transocean Reaches Analyst Target Price” on November 04, 2016. Globenewswire.com‘s news article titled: “Transocean Ltd. Increases Consideration for Acquisition of Transocean Partners LLC” with publication date: November 21, 2016 was also an interesting one.

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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