128,586 Shares of Transocean Ltd. $RIG Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. acquired a new stake in Transocean Ltd. (NYSE:RIG) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 128,586 shares of the offshore drilling services provider’s stock, valued at approximately $674,000.

Several other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Transocean by 27.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider’s stock worth $43,000 after acquiring an additional 1,391 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Transocean by 15.6% in the third quarter. Versant Capital Management Inc now owns 15,550 shares of the offshore drilling services provider’s stock worth $81,000 after purchasing an additional 2,099 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Transocean by 19.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 4,043 shares in the last quarter. Private Advisor Group LLC raised its position in Transocean by 16.4% during the first quarter. Private Advisor Group LLC now owns 31,876 shares of the offshore drilling services provider’s stock valued at $211,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Transocean by 192.6% during the 1st quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider’s stock worth $52,000 after buying an additional 5,126 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Transocean Stock Performance

NYSE RIG opened at $6.08 on Friday. The company has a fifty day moving average price of $5.67 and a 200-day moving average price of $5.80. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -3.23, a PEG ratio of 4.47 and a beta of 1.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.59 and a quick ratio of 1.27. Transocean Ltd. has a 1 year low of $3.49 and a 1 year high of $7.66.

Transocean (NYSE:RIG) last released its quarterly earnings results on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Transocean had a negative net margin of 40.24% and a positive return on equity of 2.60%. The company had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. During the same period last year, the firm earned ($1.06) earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts predict that Transocean Ltd. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research note on Thursday, October 15th. Fearnley Fonds raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Barclays lowered their price objective on Transocean from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Susquehanna lowered their price objective on shares of Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Transocean from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Transocean presently has an average rating of “Hold” and a consensus price target of $6.68.

Transocean Profile

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.