Transocean Ltd. (RIG) Position Raised by Nationwide Fund Advisors

Nationwide Fund Advisors lifted its holdings in shares of Transocean Ltd. (NYSE:RIG) by 61.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 955,007 shares of the offshore drilling services provider’s stock after buying an additional 362,890 shares during the period. Nationwide Fund Advisors owned approximately 0.24% of Transocean worth $10,276,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its position in shares of Transocean by 12.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,340 shares of the offshore drilling services provider’s stock valued at $102,000 after buying an additional 1,394 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Transocean during the third quarter valued at $142,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Transocean during the second quarter valued at $111,000. Advisor Partners LLC purchased a new stake in shares of Transocean during the second quarter valued at $112,000. Finally, Dupont Capital Management Corp bought a new position in Transocean in the second quarter valued at about $113,000. 73.09% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on RIG shares. Jefferies Group set a $9.00 target price on Transocean and gave the company a “hold” rating in a report on Wednesday, August 16th. Royal Bank Of Canada raised Transocean from an “underperform” rating to a “sector perform” rating and set a $11.00 target price on the stock in a report on Friday, August 25th. R. F. Lafferty set a $15.00 target price on Transocean and gave the company a “buy” rating in a report on Saturday, August 26th. ValuEngine downgraded Transocean from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Capital One Financial raised Transocean from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Thursday, August 31st. Eleven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.31.

Transocean Ltd. (NYSE:RIG) traded up $0.07 during midday trading on Wednesday, hitting $10.66. The stock had a trading volume of 6,964,000 shares, compared to its average volume of 13,834,429. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 2.13. Transocean Ltd. has a 1 year low of $7.20 and a 1 year high of $16.66. The company has a market capitalization of $4,142.95, a P/E ratio of 13.24 and a beta of 1.80.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Wednesday, November 1st. The offshore drilling services provider reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. Transocean had a positive return on equity of 2.10% and a negative net margin of 84.09%. The firm had revenue of $808.00 million for the quarter, compared to the consensus estimate of $703.13 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. analysts forecast that Transocean Ltd. will post -0.33 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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