March 23, 2017

Stock Chalking up Significant Action in Session: Transocean Ltd. (NYSE:RIG)

20 March 2017, 10:21 | Melvin Schneider

Transocean Likely to Gain After Agreeing Jack-up Fleet Sale

Borr Drilling to buy Transocean's jack-up rig fleet for $1.35bn

Transocean LTD presently has a consensus rating of "Hold" and an average price target of $13.15. They now have a United States dollars 8 price target on the stock. Beta factor is used to measure the volatility of the stock. As earning per share serves as an indicator for company's profitability, analyst have given their estimate trends for the next year with quarterly estimate of $-0.08.

01/09/2017 - Transocean Ltd. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. Arctic Securities Upgrades Transocean Ltd. (RIG) to Buy with a price target of $19.

Zacks ABR on Transocean Ltd. (NYSE:RIG) was based on 17 calls. Narrowing in, the stock is at a distance of -24.75% from the 50 day high and 4.02% off of the 50 day low.

Transocean Ltd. (NYSE:RIG) [Trend Analysis] pretends to be active mover, stock reduced around -0.48% to trade at $12.47. According to their observations and findings, the stock could provide a high EPS of $0.05/share and a Low EPS of $-0.2/share. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

Looking forward, the company is expected to report earnings of $-0.07 per share for the current quarter.

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Transocean LTD (NYSE:RIG) saw a large growth in short interest in the month of February. The growth estimate for the next quarter is -147.1 percent. Thus the company showed an Earnings Surprise of 687.5 Percent.

"We are building a platform with modern equipment, an experienced management team and a robust capital structure in order to be able to capitalise on the opportunities that will arise in this market environment", Borr said in a statement last December upon listing its shares to the Norwegian OTC market. The stock touched its high share price of $16.66 on Dec 12, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on April 7, 2016 as $8.34. Tightening the gaze, stock performance for the last 5 trading days is 1.71%. The Moving Average SMA50 is -11.07% while SMA200 is 4.68%.

01/30/2017 - Transocean Ltd. had its "hold" rating reiterated by analysts at Jefferies. A rating of 4 or 5 would represent a Sell recommendation. They set a "sector perform" rating and a $15.00 target price on the stock. Taking a look into the performance of RIG stock, investor will come to know that the weekly performance for this stock is valued at 1.71%, resulting in a performance for the month at -6.73%. Public Employees Retirement Association of Colorado increased its position in Transocean LTD by 0.4% in the third quarter.

Currently, Glickman expects a valuation of approximately $790 million for those payments.

The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent.

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