Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie Sells 22,000 Shares

Transocean Ltd. (NYSE:RIG - Get Free Report) EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $2.23, for a total value of $49,060.00. Following the transaction, the executive vice president now directly owns 362,841 shares of the company's stock, valued at $809,135.43. The trade was a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Roderick James Mackenzie also recently made the following trade(s):

• On Tuesday, February 11th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00.

Transocean Trading Up 5.3 %

RIG traded up $0.12 during midday trading on Friday, reaching $2.28. 44,828,532 shares of the company's stock traded hands, compared to its average volume of 24,116,913. Transocean Ltd. has a 52 week low of $1.97 and a 52 week high of $6.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The firm has a fifty day moving average of $2.96 and a two-hundred day moving average of $3.69. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -3.12, a P/E/G ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG - Get Free Report) last issued its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). The company had revenue of $952.00 million for the quarter, compared to analysts' expectations of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. On average, equities analysts anticipate that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RIG. Barclays lowered their price target on Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research report on Monday, April 7th. SEB Equity Research set a $2.80 target price on Transocean in a research report on Wednesday, March 5th. TD Cowen cut their target price on Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Susquehanna decreased their price target on shares of Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research note on Monday. Finally, Evercore ISI lowered shares of Transocean from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.59.

Institutional Trading of Transocean

Several large investors have recently bought and sold shares of RIG. Twin Tree Management LP bought a new position in shares of Transocean in the 4th quarter worth approximately $27,000. Parallel Advisors LLC raised its holdings in Transocean by 154.8% in the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock worth $28,000 after purchasing an additional 5,353 shares in the last quarter. Optiver Holding B.V. lifted its position in Transocean by 53.6% during the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after buying an additional 2,933 shares during the period. Blue Trust Inc. boosted its holdings in shares of Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after buying an additional 4,826 shares in the last quarter. Finally, Adero Partners LLC bought a new stake in shares of Transocean during the 4th quarter valued at $38,000. 67.73% of the stock is owned by institutional investors.

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.