What Will Happen to Transocean Ltd (switzerland) (NYSE:RIG) Next? The Stock Has Decline in Shorts

June 7, 2018 - By Henry Gaston

Transocean Ltd. (NYSE:RIG) Logo

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.25, from 1.04 in 2017Q4. It is positive, as 42 investors sold Transocean Ltd. shares while 93 reduced holdings. 51 funds opened positions while 123 raised stakes. 296.24 million shares or 7.53% more from 275.51 million shares in 2017Q4 were reported.
Tci Wealth Advisors owns 316 shares. Gsa Ltd Liability Partnership reported 0.09% of its portfolio in Transocean Ltd. (NYSE:RIG). Jane Street Group Ltd Liability Corp accumulated 90,741 shares. Dimensional Fund Advsrs Lp has invested 0.05% in Transocean Ltd. (NYSE:RIG). Goelzer Invest Mgmt invested in 0.25% or 211,941 shares. Canal Ins accumulated 200,000 shares. 12,099 were accumulated by Suntrust Banks Inc. Arrow Financial owns 0% invested in Transocean Ltd. (NYSE:RIG) for 1,000 shares. Ls Investment Ltd Liability Corp has 0.01% invested in Transocean Ltd. (NYSE:RIG) for 24,930 shares. Northern Tru accumulated 3.57M shares. Clearbridge Invs Limited Co holds 0% of its portfolio in Transocean Ltd. (NYSE:RIG) for 4,968 shares. Van Den Berg Mgmt I holds 0.63% or 529,600 shares. Keybank Natl Association Oh has 0% invested in Transocean Ltd. (NYSE:RIG) for 11,815 shares. Susquehanna Grp Llp owns 2.70M shares or 0.01% of their US portfolio. 127,611 were reported by Winslow Asset Mgmt Incorporated.

The stock of Transocean Ltd (switzerland) (NYSE:RIG) registered a decrease of 6.49% in short interest. RIG’s total short interest was 76.66 million shares in June as published by FINRA. Its down 6.49% from 81.98M shares, reported previously. With 16.39 million shares average volume, it will take short sellers 5 days to cover their RIG’s short positions. The short interest to Transocean Ltd (switzerland)’s float is 19.62%.

The stock increased 3.91% or $0.51 during the last trading session, reaching $13.44. About 11.35 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 27.05% since June 7, 2017 and is uptrending. It has outperformed by 14.48% the S&P500.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $6.20 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.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Among 10 analysts covering Transocean LTD (NYSE:RIG), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Transocean LTD had 15 analyst reports since December 8, 2017 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Thursday, January 11. Cowen & Co maintained Transocean Ltd. (NYSE:RIG) on Thursday, March 15 with “Hold” rating. As per Thursday, February 15, the company rating was maintained by Piper Jaffray. Citigroup maintained the stock with “Buy” rating in Monday, April 30 report. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Hold”. Susquehanna maintained Transocean Ltd. (NYSE:RIG) rating on Friday, January 12. Susquehanna has “Hold” rating and $11.0 target. The stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given on Wednesday, January 10 by Piper Jaffray. Bank of America maintained it with “Neutral” rating and $13 target in Wednesday, April 18 report. Susquehanna maintained Transocean Ltd. (NYSE:RIG) rating on Friday, February 16. Susquehanna has “Hold” rating and $10.0 target. RBC Capital Markets maintained Transocean Ltd. (NYSE:RIG) rating on Friday, January 26. RBC Capital Markets has “Hold” rating and $13.0 target.

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Fool.com which released: “3 Top Energy Stocks to Buy in June” on June 06, 2018, also Seekingalpha.com with their article: “Transocean: Well Positioned For Ultra-Deepwater Recovery” published on May 21, 2018, Finance.Yahoo.com published: “Is It The Right Time To Buy Transocean Ltd (NYSE:RIG)?” on May 18, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Seekingalpha.com and their article: “Another Missed Opportunity For Transocean Courtesy Of Odfjell” published on May 28, 2018 as well as Seekingalpha.com‘s news article titled: “Energy Recap: Examining Shale With SA Author Fluidsdoc” with publication date: May 25, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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