Transocean Ltd. (NYSE:RIG) shares traded up 6.4% during mid-day trading on Monday . The stock traded as high as $10.56 and last traded at $10.53, with a volume of 7,747,173 shares. The stock had previously closed at $9.90.

Several research analysts recently issued reports on the stock. Credit Suisse Group AG reissued a “sell” rating on shares of Transocean in a report on Saturday, July 9th. Jefferies Group reissued a “hold” rating on shares of Transocean in a report on Sunday, July 10th. KLR Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Transocean in a report on Sunday, April 24th. Vetr raised shares of Transocean from a “strong sell” rating to a “sell” rating and set a $10.17 price objective for the company in a report on Monday, May 2nd. Finally, Simmons reaffirmed an “underweight” rating and issued a $5.60 price objective (up previously from $5.00) on shares of Transocean in a report on Tuesday, May 10th. Thirteen equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.93.

The company’s 50 day moving average price is $11.40 and its 200 day moving average price is $10.34. The stock has a market cap of $3.81 billion and a P/E ratio of 3.04.

Transocean (NYSE:RIG) last issued its quarterly earnings results on Wednesday, August 3rd. The offshore drilling services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.18. The firm had revenue of $943 million for the quarter. Transocean’s quarterly revenue was down 49.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS. On average, analysts anticipate that Transocean Ltd. will post $0.98 earnings per share for the current year.

Other large investors have recently modified their holdings of the company. Comerica Bank increased its stake 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 period. Nationwide Fund Advisors increased its stake 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 period. BNP Paribas Arbitrage SA increased its stake 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 period. Aberdeen Asset Management PLC UK increased its stake in shares of Transocean by 9.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 186,354 shares of the offshore drilling services provider’s stock worth $2,960,000 after buying an additional 16,372 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Transocean by 45.9% in the fourth quarter. State of Wisconsin Investment Board now owns 315,869 shares of the offshore drilling services provider’s stock worth $3,944,000 after buying an additional 99,443 shares during the period.

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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