Analysts See $-0.06 EPS for Transocean LTD (RIG)

October 13, 2017 - By Stephen Andrade

 Analysts See $ 0.06 EPS for Transocean LTD (RIG)
Investors sentiment increased to 1.25 in Q2 2017. Its up 0.02, from 1.23 in 2017Q1. It improved, as 52 investors sold Transocean LTD shares while 105 reduced holdings. 58 funds opened positions while 138 raised stakes. 260.14 million shares or 5.99% more from 245.44 million shares in 2017Q1 were reported.
Contrarius Investment Mgmt reported 9.74 million shares. Gsa Capital Prtnrs Ltd Liability Partnership has invested 0.23% in Transocean LTD (NYSE:RIG). Twin Tree Mgmt Limited Partnership owns 8,558 shares or 0% of their US portfolio. Principal Financial Group Inc holds 0.01% or 617,640 shares in its portfolio. Montgomery Invest Mgmt reported 10,620 shares stake. Mercer Advisers Incorporated stated it has 500 shares. Raymond James Advsrs has 49,298 shares for 0% of their portfolio. Ledyard Bancorp holds 0% or 3,310 shares in its portfolio. Peak6 Invests L P has 9,234 shares for 0% of their portfolio. Pennsylvania-based Susquehanna International Gru Llp has invested 0.01% in Transocean LTD (NYSE:RIG). Fincl Management Incorporated has 242 shares. San Francisco Sentry Inv Group Incorporated (Ca) owns 0% invested in Transocean LTD (NYSE:RIG) for 1,500 shares. State Common Retirement Fund has invested 0.01% in Transocean LTD (NYSE:RIG). Prudential Fincl Incorporated has invested 0.03% in Transocean LTD (NYSE:RIG). Jpmorgan Chase & Co owns 95,420 shares.

Wall Street await Transocean LTD (NYSE:RIG) to release earnings on November, 1. Analysts forecast EPS of $-0.06, down exactly $0.31 or 124.00 % from 2014’s $0.25 EPS. The stock increased 3.43% or $0.36 during the last trading session, reaching $10.86. About 20.49 million shares traded or 22.69% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 14, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

Transocean LTD (NYSE:RIG) Ratings Coverage

Among 38 analysts covering Transocean Ltd (NYSE:RIG), 14 have Buy rating, 9 Sell and 15 Hold. Therefore 37% are positive. Transocean Ltd had 89 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, January 5, the company rating was upgraded by Arctic Securities. The stock has “Underweight” rating by Morgan Stanley on Thursday, February 2. The rating was upgraded by UBS on Monday, September 25 to “Buy”. As per Wednesday, September 14, the company rating was initiated by Howard Weil. The company was maintained on Tuesday, September 5 by Cowen & Co. The stock of Transocean LTD (NYSE:RIG) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 12. The rating was maintained by Barclays Capital with “Underweight” on Monday, March 28. The firm has “Hold” rating given on Tuesday, August 25 by Zacks. The rating was maintained by Barclays Capital on Monday, August 7 with “Underweight”. The firm has “Neutral” rating by Credit Suisse given on Friday, September 23.

Transocean Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has market cap of $4.25 billion. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill gas and oil wells. 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.

More notable recent Transocean LTD (NYSE:RIG) news were published by: Seekingalpha.com which released: “A Wild Few Days For Transocean” on September 26, 2017, also Globenewswire.com with their article: “Transocean Ltd. Announces Retirement of Six Floaters” published on September 22, 2017, Nasdaq.com published: “Transocean Ltd. (RIG) Looks Good: Stock Adds 7.6% in Session” on September 26, 2017. More interesting news about Transocean LTD (NYSE:RIG) were released by: Fool.com and their article: “Here’s Why Transocean LTD Stock Was Up 26% Last Month (and Is Still Worth Buying)” published on October 06, 2017 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of …” with publication date: October 06, 2017.

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