Other research analysts have also issued research reports about the stock. Capital One Financial restated an “equal weight” rating on shares of Transocean in a report on Wednesday, February 23rd. Piper Sandler raised their price target on shares of Transocean from $3.00 to $3.85 and gave the stock a “neutral” rating in a report on Monday, April 18th. Finally, Pareto Securities upgraded shares of Transocean from a “sell” rating to a “hold” rating and set a $5.00 price target for the company in a report on Thursday, March 24th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.98.
Shares of NYSE RIG opened at $3.99 on Wednesday. The company has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $3.68. The firm has a market cap of $2.72 billion, a PE ratio of -4.29 and a beta of 2.99. Transocean has a 1 year low of $2.63 and a 1 year high of $5.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.57.
In related news, COO Keelan Adamson sold 349,418 shares of Transocean stock in a transaction on Monday, March 7th. The shares were sold at an average price of $5.00, for a total value of $1,747,090.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.26% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in Transocean by 11.0% in the 4th quarter. Cetera Investment Advisers now owns 29,128 shares of the offshore drilling services provider’s stock valued at $80,000 after purchasing an additional 2,887 shares during the period. Rafferty Asset Management LLC grew its position in Transocean by 11.7% in the 4th quarter. Rafferty Asset Management LLC now owns 28,024 shares of the offshore drilling services provider’s stock valued at $77,000 after purchasing an additional 2,940 shares during the period. Nwam LLC grew its position in Transocean by 14.9% in the 4th quarter. Nwam LLC now owns 23,047 shares of the offshore drilling services provider’s stock valued at $64,000 after purchasing an additional 2,983 shares during the period. FinTrust Capital Advisors LLC grew its position in Transocean by 50.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 9,000 shares of the offshore drilling services provider’s stock valued at $34,000 after purchasing an additional 3,000 shares during the period. Finally, Tradewinds Capital Management LLC grew its position in Transocean by 25.2% in the 4th quarter. Tradewinds Capital Management LLC now owns 14,905 shares of the offshore drilling services provider’s stock valued at $41,000 after purchasing an additional 3,000 shares during the period. 47.88% of the stock is owned by institutional investors and hedge funds.
Transocean Company Profile (Get Rating)
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters.
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