Transocean Ltd. (NYSE:RIG)’s share price traded up 1.7% during trading on Thursday . The stock traded as high as $12.76 and last traded at $12.10, with a volume of 13,257,451 shares changing hands. The stock had previously closed at $11.90.

Several equities analysts recently commented on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Transocean in a report on Saturday, March 12th. KLR Group reiterated a “buy” rating and set a $19.00 price target on shares of Transocean in a report on Sunday, April 24th. Canaccord Genuity downgraded shares of Transocean from a “hold” rating to a “sell” rating and set a $8.50 price target on the stock. in a report on Friday. Vetr downgraded shares of Transocean from a “strong-buy” rating to a “buy” rating and set a $9.75 price target on the stock. in a report on Tuesday, March 29th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Transocean in a report on Monday, April 11th. Fourteen research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Transocean currently has an average rating of “Hold” and a consensus price target of $10.07.

The company has a market cap of $4.43 billion and a price-to-earnings ratio of 2.91. The stock’s 50-day moving average is $10.91 and its 200-day moving average is $10.29.

Transocean (NYSE:RIG) last issued its quarterly earnings data on Wednesday, May 4th. The offshore drilling services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.40. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.14 billion. The firm’s quarterly revenue was down 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, analysts predict that Transocean Ltd. will post $0.65 EPS for the current year.

Other institutional investors have made changes to their positions in the company. Quantitative Investment Management LLC boosted its position in shares of Transocean by 506.2% in the fourth quarter. Quantitative Investment Management LLC now owns 88,500 shares of the offshore drilling services provider’s stock worth $1,095,000 after buying an additional 73,900 shares during the last quarter. Comerica Bank boosted its position in shares of Transocean by 3.4% in the fourth quarter. Comerica Bank now owns 109,793 shares of the offshore drilling services provider’s stock worth $1,180,000 after buying an additional 3,617 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Transocean by 2.0% in the fourth quarter. Nationwide Fund Advisors now owns 101,906 shares of the offshore drilling services provider’s stock worth $1,262,000 after buying an additional 1,982 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Transocean by 10.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 105,334 shares of the offshore drilling services provider’s stock worth $1,312,000 after buying an additional 9,947 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Transocean by 65.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 120,978 shares of the offshore drilling services provider’s stock worth $1,498,000 after buying an additional 47,822 shares during the last quarter.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment.

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