Citigroup Decides to Upgrade Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) Stock

October 13, 2017 - By Clifton Ray

  Citigroup Decides to Upgrade Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) Stock

Investors sentiment increased to 1.25 in Q2 2017. Its up 0.02, from 1.23 in 2017Q1. It increased, 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.

Loomis Sayles & L P reported 2,855 shares. The Texas-based Dimensional Fund Advsr L P has invested 0.05% in Transocean LTD (NYSE:RIG). One Trading L P invested 0.01% in Transocean LTD (NYSE:RIG). Brandywine Glob Invest Mngmt Ltd Liability owns 0.07% invested in Transocean LTD (NYSE:RIG) for 1.24 million shares. Sandy Spring Bankshares invested in 69 shares. Ameritas Inv Ptnrs Inc owns 9,278 shares for 0% of their portfolio. Bank & Trust Of Montreal Can owns 567,211 shares for 0% of their portfolio. Tradewinds Mgmt Ltd Liability Co accumulated 205 shares. Avalon Limited Liability Company has 0.01% invested in Transocean LTD (NYSE:RIG). Contrarius Inv Mngmt Ltd stated it has 9.74 million shares. Mercer Advisers stated it has 500 shares or 0% of all its holdings. Neuberger Berman Grp Llc has 0% invested in Transocean LTD (NYSE:RIG) for 10,715 shares. Baystate Wealth Mgmt Limited accumulated 50 shares or 0% of the stock. Tci Wealth Advisors has 1,866 shares for 0.01% of their portfolio. 2.87M are held by Citadel Advisors.

Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) Stock Upgrade

In analysts note revealed on 12 October, Citigroup increased shares of Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) to a Buy. The previous rating for RIG was a Neutral.

Investors sentiment increased to 1.25 in Q2 2017. Its up 0.02, from 1.23 in 2017Q1. It increased, 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.

Loomis Sayles & L P reported 2,855 shares. The Texas-based Dimensional Fund Advsr L P has invested 0.05% in Transocean LTD (NYSE:RIG). One Trading L P invested 0.01% in Transocean LTD (NYSE:RIG). Brandywine Glob Invest Mngmt Ltd Liability owns 0.07% invested in Transocean LTD (NYSE:RIG) for 1.24 million shares. Sandy Spring Bankshares invested in 69 shares. Ameritas Inv Ptnrs Inc owns 9,278 shares for 0% of their portfolio. Bank & Trust Of Montreal Can owns 567,211 shares for 0% of their portfolio. Tradewinds Mgmt Ltd Liability Co accumulated 205 shares. Avalon Limited Liability Company has 0.01% invested in Transocean LTD (NYSE:RIG). Contrarius Inv Mngmt Ltd stated it has 9.74 million shares. Mercer Advisers stated it has 500 shares or 0% of all its holdings. Neuberger Berman Grp Llc has 0% invested in Transocean LTD (NYSE:RIG) for 10,715 shares. Baystate Wealth Mgmt Limited accumulated 50 shares or 0% of the stock. Tci Wealth Advisors has 1,866 shares for 0.01% of their portfolio. 2.87M are held by Citadel Advisors.

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 has $21 highest and $2 lowest target. $11.79’s average target is 8.56% above currents $10.86 stock price. Transocean Ltd had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Transocean LTD (NYSE:RIG) has “Underperform” rating given on Monday, January 9 by Bank of America. The rating was maintained by Cowen & Co on Tuesday, August 18 with “Market Perform”. The firm has “Sell” rating given on Wednesday, March 16 by Citigroup. The firm earned “Reduce” rating on Thursday, August 17 by Nomura. Piper Jaffray maintained the shares of RIG in report on Tuesday, September 19 with “Hold” rating. The stock has “Hold” rating by Jefferies on Tuesday, August 16. The firm has “Sell” rating by Citigroup given on Tuesday, October 20. The stock has “Hold” rating by S&P Research on Friday, August 7. The stock of Transocean LTD (NYSE:RIG) has “Hold” rating given on Wednesday, September 28 by Jefferies. The rating was maintained by BMO Capital Markets with “Sell” on Wednesday, April 19.

The stock increased 3.43% or $0.36 on October 13, reaching $10.86. About 19.41 million shares traded or 16.23% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 13, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

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.

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: “Offshore Drilling Has Finally Bottomed. Buy Transocean.” on October 09, 2017, also Fool.com with their article: “Better Buy: Seadrill Partners LLC vs. Transocean LTD” published on September 13, 2017, Globenewswire.com published: “Transocean Ltd. Announces Third Quarter 2017 Earnings Release Date” on October 12, 2017. More interesting news about Transocean LTD (NYSE:RIG) were released by: Globenewswire.com and their article: “Transocean Ltd. Receives Early Termination Notice on the Discoverer Clear Leader” published on September 20, 2017 as well as Nasdaq.com‘s news article titled: “Transocean Ltd. (RIG) Looks Good: Stock Adds 7.6% in Session” with publication date: September 26, 2017.

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