Transocean Ltd. (NYSE:RIG) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in Transocean Ltd. (NYSE:RIG) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,696 shares of the offshore drilling services provider’s stock after purchasing an additional 9,704 shares during the quarter. Blair William & Co. IL’s holdings in Transocean were worth $1,443,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RIG. OLD Point Trust & Financial Services N A acquired a new position in shares of Transocean in the 4th quarter valued at about $25,000. Nisa Investment Advisors LLC acquired a new position in Transocean in the second quarter valued at approximately $30,000. Fiducient Advisors LLC acquired a new stake in shares of Transocean during the 1st quarter worth approximately $63,000. SG Americas Securities LLC bought a new stake in shares of Transocean in the 2nd quarter worth approximately $64,000. Finally, Fermata Advisors LLC acquired a new position in Transocean during the 1st quarter valued at approximately $75,000. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Perestroika bought 1,500,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the acquisition, the director now directly owns 91,074,894 shares in the company, valued at $376,139,312.22. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Perestroika acquired 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of $4.13 per share, with a total value of $6,195,000.00. Following the acquisition, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $5.23 per share, with a total value of $10,460,000.00. Following the completion of the acquisition, the director now directly owns 89,574,894 shares of the company’s stock, valued at $468,476,695.62. The disclosure for this purchase can be found here. Insiders own 13.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RIG shares. Citigroup cut Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Morgan Stanley reduced their target price on shares of Transocean from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of Transocean in a research note on Friday, August 2nd. DNB Markets upgraded Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded Transocean to a “sell” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Transocean currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Transocean Stock Performance

Shares of RIG opened at $4.55 on Tuesday. Transocean Ltd. has a 52 week low of $3.85 and a 52 week high of $8.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.08 and a current ratio of 1.36. The company has a market capitalization of $4.28 billion, a PE ratio of -8.75 and a beta of 2.79. The company’s 50 day moving average price is $4.94 and its 200 day moving average price is $5.45.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $862.25 million. Transocean had a negative return on equity of 4.76% and a negative net margin of 11.34%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted ($0.15) earnings per share. Research analysts expect that Transocean Ltd. will post -0.19 EPS for the current fiscal year.

Transocean 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.