Transocean LTD Q4 2017 Institutional Investor Sentiment Better Than Expected

April 26, 2018 - By Marry Poplack

Transocean Ltd. (NYSE:RIG) Logo

Sentiment for Transocean LTD (NYSE:RIG)

Transocean LTD (NYSE:RIG) institutional sentiment increased to 1.04 in 2017 Q4. Its up 0.09, from 0.95 in 2017Q3. The ratio improved, as 170 institutional investors started new and increased equity positions, while 164 sold and reduced their equity positions in Transocean LTD. The institutional investors in our partner’s database now have: 275.51 million shares, down from 280.42 million shares in 2017Q3. Also, the number of institutional investors holding Transocean LTD in their top 10 equity positions decreased from 6 to 3 for a decrease of 3. Sold All: 52 Reduced: 112 Increased: 101 New Position: 69.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $5.76 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 0.56% or $0.07 during the last trading session, reaching $12.48. About 9.38 million shares traded. Transocean Ltd. (NYSE:RIG) has declined 18.26% since April 26, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on April, 30 after the close. They expect $-0.31 earnings per share, down 3,200.00 % or $0.32 from last year’s $0.01 per share. After $-0.24 actual earnings per share reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts 29.17 % negative EPS growth.

Odey Asset Management Group Ltd holds 6.73% of its portfolio in Transocean Ltd. for 6.93 million shares. Contrarius Investment Management Ltd owns 10.43 million shares or 5.54% of their US portfolio. Moreover, Horseman Capital Management Ltd has 4.58% invested in the company for 2.04 million shares. The Illinois-based Sheffield Asset Management L.L.C. has invested 3.93% in the stock. Tensile Capital Management Llc, a California-based fund reported 1.19 million shares.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Ratings analysis reveals 33% of Transocean LTD’s analysts are positive. Out of 9 Wall Street analysts rating Transocean LTD, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $7.8 while the high is $1600. The stock’s average target of $11.92 is -4.49% below today’s ($12.48) share price. RIG was included in 17 notes of analysts from November 2, 2017. RBC Capital Markets maintained Transocean Ltd. (NYSE:RIG) on Thursday, December 21 with “Hold” rating. Piper Jaffray maintained the shares of RIG in report on Friday, November 3 with “Hold” rating. The company was maintained on Thursday, February 15 by Piper Jaffray. As per Friday, November 10, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Friday, February 16 by Susquehanna. The rating was upgraded by Jefferies to “Buy” on Thursday, January 4. The firm earned “Buy” rating on Wednesday, April 4 by HSBC. The company was maintained on Tuesday, March 27 by Piper Jaffray. The firm earned “Hold” rating on Thursday, January 11 by Cowen & Co. Bank of America maintained the shares of RIG in report on Wednesday, April 18 with “Neutral” rating.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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