Citigroup Gives Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) a Higher Rating. Raises its “Neutral” Rating

October 13, 2017 - By Clifton Ray

  Citigroup Gives Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) a Higher Rating. Raises its

Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It is positive, 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.

Cwm Ltd Liability Com invested in 0% or 289 shares. Td Asset Management accumulated 705,133 shares. Moreover, Washington Trust Commercial Bank has 0% invested in Transocean LTD (NYSE:RIG) for 59 shares. Seabridge Advisors Ltd Liability Company has invested 0% in Transocean LTD (NYSE:RIG). Balyasny Asset Mngmt Ltd Liability holds 0% or 10,115 shares in its portfolio. Geode Cap Mgmt Ltd Limited Liability Company owns 4.10 million shares. Cibc World stated it has 11,402 shares or 0% of all its holdings. Nuveen Asset Ltd Com holds 141,194 shares or 0.01% of its portfolio. Guardian Life Com Of America holds 0% or 884 shares in its portfolio. Shoker Counsel invested in 21,406 shares or 0.14% of the stock. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0% invested in Transocean LTD (NYSE:RIG) for 48,526 shares. Moreover, Comm National Bank has 0% invested in Transocean LTD (NYSE:RIG) for 12,003 shares. Smith Asset Group Limited Partnership has 0% invested in Transocean LTD (NYSE:RIG) for 1,660 shares. Pnc Ser Grp holds 50,190 shares. 775,000 are held by Tensile Capital Mngmt Ltd Liability Com.

Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) Stock Upgrade

In a research report issued to clients and investors today, Citigroup increased shares of Transocean Ltd (Switzerland) Common Stock (NYSE:RIG) to a solid “Buy” rating from their previous “Neutral” rating.

Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It is positive, 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.

Cwm Ltd Liability Com invested in 0% or 289 shares. Td Asset Management accumulated 705,133 shares. Moreover, Washington Trust Commercial Bank has 0% invested in Transocean LTD (NYSE:RIG) for 59 shares. Seabridge Advisors Ltd Liability Company has invested 0% in Transocean LTD (NYSE:RIG). Balyasny Asset Mngmt Ltd Liability holds 0% or 10,115 shares in its portfolio. Geode Cap Mgmt Ltd Limited Liability Company owns 4.10 million shares. Cibc World stated it has 11,402 shares or 0% of all its holdings. Nuveen Asset Ltd Com holds 141,194 shares or 0.01% of its portfolio. Guardian Life Com Of America holds 0% or 884 shares in its portfolio. Shoker Counsel invested in 21,406 shares or 0.14% of the stock. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0% invested in Transocean LTD (NYSE:RIG) for 48,526 shares. Moreover, Comm National Bank has 0% invested in Transocean LTD (NYSE:RIG) for 12,003 shares. Smith Asset Group Limited Partnership has 0% invested in Transocean LTD (NYSE:RIG) for 1,660 shares. Pnc Ser Grp holds 50,190 shares. 775,000 are held by Tensile Capital Mngmt Ltd Liability Com.

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 has $21 highest and $2 lowest target. $11.79’s average target is 8.56% above currents $10.86 stock price. Transocean Ltd had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Monday, August 7 by Barclays Capital. As per Monday, May 8, the company rating was maintained by R. F. Lafferty. As per Thursday, September 3, the company rating was upgraded by Vetr. The rating was downgraded by Morgan Stanley on Thursday, February 2 to “Underweight”. The firm earned “Reduce” rating on Thursday, August 17 by Nomura. The company was maintained on Wednesday, April 19 by BMO Capital Markets. PiperJaffray upgraded the shares of RIG in report on Wednesday, January 25 to “Neutral” rating. As per Tuesday, August 16, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Monday, January 18 by Sidoti. The stock of Transocean LTD (NYSE:RIG) earned “Hold” rating by Cowen & Co on Wednesday, August 2.

The stock increased 3.43% or $0.36 on October 13, reaching $10.86. About 19.41 million shares traded or 16.23% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 13, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

Wall Street await Transocean LTD (NYSE:RIG) to release earnings on November, 1. Analysts forecast EPS of $-0.06, down exactly $0.31 or 124.00 % from 2014’s $0.25 EPS.

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: Fool.com which released: “Here’s Why Transocean LTD Stock Was Up 26% Last Month (and Is Still Worth Buying)” on October 06, 2017, also Globenewswire.com with their article: “Transocean Ltd. Announces Retirement of Six Floaters” published on September 22, 2017, Globenewswire.com published: “Transocean Ltd. Announces Third Quarter 2017 Earnings Release Date” on October 12, 2017. More interesting news about Transocean LTD (NYSE:RIG) were released by: Seekingalpha.com and their article: “A Wild Few Days For Transocean” published on September 26, 2017 as well as Nasdaq.com‘s news article titled: “Transocean Ltd. (RIG) Looks Good: Stock Adds 7.6% in Session” with publication date: September 26, 2017.

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