News coverage about Transocean (NYSE:RIG) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Transocean earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the offshore drilling services provider an impact score of 45.4212493485143 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

RIG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Transocean from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, August 2nd. BidaskClub cut shares of Transocean from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Credit Suisse Group reiterated a “buy” rating on shares of Transocean in a research report on Wednesday, July 19th. R. F. Lafferty set a $15.00 price objective on shares of Transocean and gave the stock a “buy” rating in a research report on Saturday, August 26th. Finally, Bank of America Corporation upgraded shares of Transocean from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $7.00 to $9.00 in a research report on Tuesday, August 15th. Ten research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.21.

Transocean (RIG) opened at 9.32 on Friday. The company’s 50 day moving average is $8.40 and its 200-day moving average is $9.81. Transocean has a 52-week low of $7.20 and a 52-week high of $16.66. The company’s market capitalization is $3.65 billion.

In other news, CAO Howard E. Davis acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $7.32 per share, with a total value of $292,800.00. Following the transaction, the chief accounting officer now owns 21,793 shares of the company’s stock, valued at approximately $159,524.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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About Transocean

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.

Insider Buying and Selling by Quarter for Transocean (NYSE:RIG)

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