Guardian Wealth Advisors LLC NC Buys Shares of 10,653 Transocean Ltd. (NYSE:RIG)

Guardian Wealth Advisors LLC NC bought a new stake in Transocean Ltd. (NYSE:RIG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,653 shares of the offshore drilling services provider’s stock, valued at approximately $40,000.

A number of other institutional investors also recently modified their holdings of the company. Glenorchy Capital Ltd raised its position in shares of Transocean by 6.3% in the fourth quarter. Glenorchy Capital Ltd now owns 623,216 shares of the offshore drilling services provider’s stock valued at $2,337,000 after purchasing an additional 36,997 shares during the period. Gotham Asset Management LLC bought a new position in shares of Transocean in the fourth quarter valued at approximately $698,000. Ensign Peak Advisors Inc raised its position in shares of Transocean by 17.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 7,152,461 shares of the offshore drilling services provider’s stock valued at $26,822,000 after purchasing an additional 1,059,893 shares during the period. Deutsche Bank AG raised its position in shares of Transocean by 51.5% in the fourth quarter. Deutsche Bank AG now owns 634,803 shares of the offshore drilling services provider’s stock valued at $2,381,000 after purchasing an additional 215,729 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Transocean in the fourth quarter valued at approximately $4,250,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $2.23, for a total value of $49,060.00. Following the sale, the executive vice president now owns 362,841 shares in the company, valued at approximately $809,135.43. The trade was a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.27% of the company’s stock.

Transocean Trading Up 4.8%

Shares of Transocean stock opened at $2.62 on Monday. The firm has a market capitalization of $2.31 billion, a PE ratio of -3.59, a price-to-earnings-growth ratio of 0.86 and a beta of 2.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company’s fifty day moving average price is $2.63 and its two-hundred day moving average price is $3.46. Transocean Ltd. has a 52-week low of $1.97 and a 52-week high of $6.38.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $906.00 million for the quarter, compared to analyst estimates of $884.92 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. On average, analysts expect that Transocean Ltd. will post 0.14 EPS for the current year.

Analyst Ratings Changes

RIG has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Evercore ISI lowered shares of Transocean from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. SEB Equity Research set a $2.80 target price on shares of Transocean in a research report on Wednesday, March 5th. Susquehanna dropped their target price on shares of Transocean from $5.00 to $4.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Finally, Barclays dropped their target price on shares of Transocean from $4.00 to $3.50 and set an “overweight” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.63.

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.