Transocean Ltd. (NYSE:RIG) Receives Consensus Recommendation of "Hold" from Analysts

Transocean Ltd. (NYSE:RIG - Get Free Report) has received an average rating of "Hold" from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.94.

Several equities research analysts have commented on RIG shares. Evercore ISI lowered Transocean from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $6.00 to $5.00 in a research note on Wednesday, January 15th. Barclays upgraded shares of Transocean from an "equal weight" rating to an "overweight" rating and set a $4.50 price target on the stock in a report on Wednesday, December 18th. TD Cowen decreased their price objective on shares of Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Susquehanna dropped their price objective on shares of Transocean from $7.00 to $6.50 and set a "positive" rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a research report on Friday, December 6th.

Transocean Trading Up 2.2 %

Shares of RIG stock traded up $0.09 on Friday, reaching $3.88. 32,514,383 shares of the stock were exchanged, compared to its average volume of 26,214,133. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 0.64. The stock has a market cap of $3.39 billion, a P/E ratio of -5.17, a price-to-earnings-growth ratio of 0.79 and a beta of 2.71. The firm has a 50 day moving average of $3.93 and a two-hundred day moving average of $4.37. Transocean has a 1-year low of $3.40 and a 1-year high of $6.88.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 20,000 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $4.29, for a total value of $85,800.00. Following the sale, the executive vice president now directly owns 310,857 shares of the company's stock, valued at $1,333,576.53. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.54% of the company's stock.

Institutional Investors Weigh In On Transocean

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Transocean by 138.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider's stock valued at $25,000 after buying an additional 2,693 shares during the last quarter. Blue Trust Inc. raised its position 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 acquiring an additional 4,826 shares in the last quarter. Adero Partners LLC acquired a new position in Transocean in the fourth quarter worth $38,000. Stratos Wealth Partners LTD. acquired a new position in Transocean in the fourth quarter worth $40,000. Finally, R Squared Ltd bought a new stake in Transocean during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 67.73% of the company's stock.

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.