Transocean Ltd. (NYSE:RIG) EVP Sells $89,100.00 in Stock

Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction on Friday, January 10th. The stock was sold at an average price of $4.05, for a total transaction of $89,100.00. Following the completion of the transaction, the executive vice president now directly owns 229,596 shares of the company’s stock, valued at approximately $929,863.80. This represents a 8.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 18th, Roderick James Mackenzie sold 20,000 shares of Transocean stock. The stock was sold at an average price of $4.29, for a total value of $85,800.00.

Transocean Trading Down 4.8 %

Transocean stock opened at $4.08 on Friday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -5.43, a price-to-earnings-growth ratio of 0.67 and a beta of 2.73. Transocean Ltd. has a 1 year low of $3.40 and a 1 year high of $6.88. The firm’s 50 day moving average price is $4.05 and its two-hundred day moving average price is $4.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Transocean to a “sell” rating in a research note on Tuesday, November 12th. Evercore ISI lowered Transocean from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Wednesday. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 target price on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Friday, December 6th. Finally, TD Cowen cut their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.94.

Hedge Funds Weigh In On Transocean

A number of hedge funds have recently modified their holdings of RIG. Primecap Management Co. CA boosted its position in shares of Transocean by 0.4% in the 3rd quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock valued at $239,454,000 after purchasing an additional 222,680 shares during the period. Dimensional Fund Advisors LP lifted its stake in Transocean by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock valued at $196,484,000 after buying an additional 5,856,414 shares in the last quarter. State Street Corp lifted its stake in Transocean by 11.0% during the third quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after buying an additional 1,944,723 shares in the last quarter. Pilgrim Global Advisors LLC purchased a new position in shares of Transocean in the third quarter worth approximately $77,473,000. Finally, Geode Capital Management LLC raised its holdings in shares of Transocean by 4.1% during the third quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock valued at $73,307,000 after acquiring an additional 680,242 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.