Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie Sells 22,000 Shares

Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $2.23, for a total transaction of $49,060.00. Following the sale, the executive vice president now directly owns 362,841 shares of the company’s stock, valued at approximately $809,135.43. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Roderick James Mackenzie also recently made the following trade(s):

• On Tuesday, February 11th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00.

Transocean Stock Down 1.1 %

Shares of NYSE:RIG opened at $2.20 on Wednesday. Transocean Ltd. has a 12-month low of $1.97 and a 12-month high of $6.38. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.94 billion, a PE ratio of -3.01, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $3.72.

Transocean (NYSE:RIG) last issued its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). The company had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. On average, equities research analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RIG shares. Citigroup decreased their price target on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Susquehanna decreased their target price on Transocean from $5.00 to $4.00 and set a “positive” rating for the company in a research report on Monday. TD Cowen dropped their target price on Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on Transocean from $4.00 to $3.50 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, SEB Equity Research set a $2.80 price objective on shares of Transocean in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.59.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Twin Tree Management LP acquired a new stake in shares of Transocean during the 4th quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in shares of Transocean by 154.8% during the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider’s stock worth $28,000 after purchasing an additional 5,353 shares during the period. Optiver Holding B.V. raised its holdings in shares of Transocean by 53.6% during the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider’s stock worth $32,000 after purchasing an additional 2,933 shares during the period. Blue Trust Inc. lifted its position 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 buying an additional 4,826 shares during the last quarter. Finally, Adero Partners LLC acquired a new position in shares of Transocean in the 4th quarter valued at about $38,000. Institutional investors own 67.73% of the company’s stock.

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.