Rpo LLC Acquires Shares of 14,606 Transocean Ltd. (NYSE:RIG)

Rpo LLC bought a new position in shares of Transocean Ltd. (NYSE:RIG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,606 shares of the offshore drilling services provider’s stock, valued at approximately $55,000.

A number of other large investors also recently modified their holdings of the company. Twin Tree Management LP acquired a new position in Transocean during the fourth quarter worth $27,000. Blue Trust Inc. raised its holdings in shares of Transocean by 96.2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock worth $37,000 after acquiring an additional 4,826 shares during the last quarter. Adero Partners LLC bought a new position in Transocean in the 4th quarter valued at about $38,000. Stratos Wealth Partners LTD. acquired a new position in Transocean during the 4th quarter valued at about $40,000. Finally, R Squared Ltd bought a new stake in Transocean during the 4th quarter worth approximately $41,000. 67.73% of the stock is currently owned by institutional investors.

Transocean Stock Down 4.8 %

Transocean stock opened at $3.16 on Thursday. The firm has a 50 day moving average price of $3.36 and a 200-day moving average price of $3.88. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a twelve month low of $2.55 and a twelve month high of $6.88. The company has a market capitalization of $2.79 billion, a P/E ratio of -4.33, a P/E/G ratio of 0.86 and a beta of 2.72.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. As a group, equities analysts predict that Transocean Ltd. will post 0.14 EPS for the current year.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the sale, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. This represents a 6.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. SEB Equity Research set a $2.80 target price on Transocean in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a report on Friday, December 6th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. TD Cowen cut their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.03.

Transocean Company Profile

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.