Is Transocean LTD (NYSE:RIG) Going to Burn These Institutional Investors?

April 26, 2018 - By Linda Rogers

Transocean Ltd. (NYSE:RIG) Logo

Sentiment for Transocean LTD (NYSE:RIG)

Transocean LTD (NYSE:RIG) institutional sentiment increased to 1.04 in Q4 2017. Its up 0.09, from 0.95 in 2017Q3. The ratio increased, as 170 investment managers started new or increased holdings, while 164 reduced and sold stock positions in Transocean LTD. The investment managers in our partner’s database now possess: 275.51 million shares, down from 280.42 million shares in 2017Q3. Also, the number of investment managers holding Transocean LTD in their top 10 holdings 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 9.38M 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. The firm has “Hold” rating given on Friday, January 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, November 10 with “Hold”. The stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given on Tuesday, March 27 by Piper Jaffray. The rating was maintained by Bank of America on Wednesday, April 18 with “Neutral”. The stock has “Hold” rating by Jefferies on Thursday, November 2. The company was maintained on Thursday, March 15 by Cowen & Co. Piper Jaffray maintained Transocean Ltd. (NYSE:RIG) on Thursday, February 15 with “Hold” rating. Piper Jaffray maintained Transocean Ltd. (NYSE:RIG) on Friday, November 3 with “Hold” rating. The firm earned “Hold” rating on Thursday, December 21 by RBC Capital Markets. The stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Cowen & Co on Thursday, January 11.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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