Analysts See $-0.06 EPS for Transocean LTD (RIG)

October 13, 2017 - By Darrin Black

 Analysts See $ 0.06 EPS for Transocean LTD (RIG)
Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It improved, 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.
Principal Finance Group Inc reported 617,640 shares. Numeric Invsts Ltd Liability reported 0.05% stake. Citigroup Incorporated stated it has 0.01% in Transocean LTD (NYSE:RIG). Sg Americas Secs Lc owns 0.03% invested in Transocean LTD (NYSE:RIG) for 341,146 shares. State Of New Jersey Common Pension Fund D holds 0.01% in Transocean LTD (NYSE:RIG) or 230,000 shares. Gemmer Asset Mgmt Lc, California-based fund reported 2,324 shares. Oregon Public Employees Retirement Fund, Oregon-based fund reported 40,850 shares. Tru Of Vermont holds 0% of its portfolio in Transocean LTD (NYSE:RIG) for 499 shares. Systematic Fin Lp reported 0.03% in Transocean LTD (NYSE:RIG). Bank & Trust Of Mellon accumulated 3.56M shares. Tradewinds Mngmt Lc stated it has 205 shares. Moreover, Whittier Tru Company has 0% invested in Transocean LTD (NYSE:RIG). Moors And Cabot holds 0.02% or 11,170 shares in its portfolio. Clearbridge Invests Lc reported 0% of its portfolio in Transocean LTD (NYSE:RIG). Hbk Invs Lp stated it has 536,100 shares or 0.04% of all its holdings.

Analysts await Transocean LTD (NYSE:RIG) to report earnings on November, 1. They expect $-0.06 EPS, down 124.00 % or $0.31 from last year’s $0.25 per share. The stock increased 3.43% or $0.36 during the last trading session, reaching $10.86. About 20.49M shares traded or 22.69% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 14, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

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 had 89 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse maintained Transocean LTD (NYSE:RIG) on Thursday, February 25 with “Underperform” rating. The stock has “Hold” rating by Tudor Pickering on Friday, March 24. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, October 9 report. The stock has “Hold” rating by Zacks on Tuesday, August 25. The company was upgraded on Friday, September 23 by Credit Suisse. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, November 3 report. The firm has “Hold” rating given on Thursday, September 3 by Vetr. Piper Jaffray upgraded the shares of RIG in report on Wednesday, January 25 to “Neutral” rating. The firm has “Neutral” rating given on Friday, August 5 by Susquehanna. RBC Capital Markets maintained Transocean LTD (NYSE:RIG) rating on Friday, February 12. RBC Capital Markets has “Sector Perform” rating and $10 target.

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: Nasdaq.com which released: “Transocean Ltd. (RIG) Looks Good: Stock Adds 7.6% in Session” on September 26, 2017, also Globenewswire.com with their article: “Transocean Ltd. Announces Retirement of Six Floaters” published on September 22, 2017, Seekingalpha.com published: “Offshore Drilling Has Finally Bottomed. Buy Transocean.” on October 09, 2017. More interesting news about Transocean LTD (NYSE:RIG) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of …” published on October 06, 2017 as well as Seekingalpha.com‘s news article titled: “Must-Own Oil Stock: Transocean” with publication date: October 03, 2017.

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