Transocean (RIG) Receiving Somewhat Positive Press Coverage, Report Finds
Headlines about Transocean (NYSE:RIG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Transocean earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the offshore drilling services provider an impact score of 46.2527860731322 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Primecap Management Co/ca/ Lowers Its Stake in Transocean Ltd (Switzerland) (RIG) Last Quarter – Modern Readers (modernreaders.com)
- Brokerages Anticipate Transocean Ltd. (NYSE:RIG) Will Post Earnings of -$0.08 Per Share (americanbankingnews.com)
- Norges Bank Significantly Raises Its Position in Transocean Ltd (Switzerland) (RIG) Stock – Modern Readers (modernreaders.com)
- Transocean Issues 3Q17 and 2017 Cost Guidance (finance.yahoo.com)
- Fruth Investment Management Has $212000 Position in Transocean Ltd. (RIG) (naijaoversabi.com)
RIG has been the subject of several recent analyst reports. Deutsche Bank AG reduced their target price on shares of Transocean from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, April 18th. BMO Capital Markets reiterated a “sell” rating and issued a $10.00 target price on shares of Transocean in a research note on Tuesday, April 18th. Credit Suisse Group set a $18.00 target price on shares of Transocean and gave the stock a “buy” rating in a research note on Thursday, April 20th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $15.00 target price on shares of Transocean in a research note on Tuesday, April 25th. Finally, Barclays PLC upped their target price on shares of Transocean from $8.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, May 1st. Thirteen equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.73.
Shares of Transocean (NYSE RIG) opened at 8.35 on Friday. The stock has a 50 day moving average of $8.43 and a 200-day moving average of $10.89. The stock’s market capitalization is $3.27 billion. Transocean has a one year low of $7.67 and a one year high of $16.66.
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Transocean Company Profile
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 on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.
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