$-0.06 EPS Expected for Transocean LTD (RIG)

October 13, 2017 - By Henry Gaston

 $ 0.06 EPS Expected for Transocean LTD (RIG)
Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It increased, 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.
Cibc World Mkts Corporation reported 0% of its portfolio in Transocean LTD (NYSE:RIG). Thompson Rubinstein Inv Or has 137,715 shares. Neuberger Berman Grp Ltd Company reported 10,715 shares. Fuller Thaler Asset Mgmt Inc owns 5,000 shares. San Francisco Sentry Investment Grp (Ca) accumulated 1,500 shares. Loring Wolcott Coolidge Fiduciary Advisors Llp Ma accumulated 2,204 shares. Shoker Invest Counsel Inc stated it has 21,406 shares or 0.14% of all its holdings. Paloma Prtn Management owns 91,742 shares for 0.01% of their portfolio. Barclays Public Limited Company reported 0.01% in Transocean LTD (NYSE:RIG). Aperio Gp Ltd Liability Corp reported 0% of its portfolio in Transocean LTD (NYSE:RIG). 720,707 were accumulated by Price T Rowe Associate Inc Md. Whittier Tru has 189 shares for 0% of their portfolio. West Family Invs Inc, a Illinois-based fund reported 121,138 shares. Jane Street Gp Ltd holds 0% or 25,820 shares in its portfolio. Bridgeway Mngmt invested 0% in Transocean LTD (NYSE:RIG).

Investors wait Transocean LTD (NYSE:RIG) to report on November, 1. its quarterly earnings Wall Street analysts expect $-0.06 earnings per share, down $0.31 or 124.00 % from last year’s $0.25 same quarter earnings. The stock increased 3.43% or $0.36 during the last trading session, reaching $10.86. About 20.49M shares traded or 22.69% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 14, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

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 had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, August 12 by RBC Capital Markets. On Thursday, September 15 the stock rating was upgraded by Canaccord Genuity to “Hold”. downgraded the shares of RIG in report on Friday, August 7 to “Sell” rating. Jefferies maintained Transocean LTD (NYSE:RIG) rating on Wednesday, September 28. Jefferies has “Hold” rating and $8.50 target. Sidoti initiated Transocean LTD (NYSE:RIG) on Monday, January 18 with “Buy” rating. Seaport Global upgraded Transocean LTD (NYSE:RIG) on Friday, May 13 to “Neutral” rating. On Thursday, August 25 the stock rating was upgraded by Citigroup to “Neutral”. S&P Research maintained the stock with “Hold” rating in Friday, August 7 report. The rating was maintained by BMO Capital Markets on Tuesday, July 11 with “Sell”. Credit Suisse upgraded the shares of RIG in report on Friday, September 23 to “Neutral” rating.

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: Globenewswire.com which released: “Transocean Ltd. Announces Third Quarter 2017 Earnings Release Date” on October 12, 2017, also Globenewswire.com with their article: “Transocean Ltd. Receives Early Termination Notice on the Discoverer Clear Leader” published on September 20, 2017, Prnewswire.com published: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of …” on October 06, 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 Fool.com‘s news article titled: “Better Buy: Seadrill Partners LLC vs. Transocean LTD” with publication date: September 13, 2017.

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