News headlines about Transocean (NYSE:RIG) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Transocean earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the offshore drilling services provider an impact score of 47.7410898392921 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Transocean Ltd. (RIG) Grabs Dynamic Performance Momentum on Volatility – Stock News Stop (stockmarketstop.com)
- Transocean Ltd. (RIG) Standout Insider Ownership of 0.14% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Will US Natural Gas Production Hit a Record in 2018 and 2019? (finance.yahoo.com)
- Hot Stock of the Day – Transocean Ltd. (NYSE: RIG) – Alpha Beta Stock (alphabetastock.com)
- Transocean Ltd. (RIG) – Lookout Unusual Volume stock – Wall Street Morning (wallstreetmorning.com)
RIG has been the topic of several recent analyst reports. Jefferies Group reissued a “hold” rating and issued a $9.00 target price on shares of Transocean in a research note on Friday, September 22nd. UBS Group raised Transocean from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.00 to $15.00 in a research note on Monday, September 25th. Nordea Equity Research reissued a “buy” rating and issued a $14.00 target price on shares of Transocean in a research note on Saturday, September 30th. Zacks Investment Research raised Transocean from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada set a $11.00 price objective on Transocean and gave the company a “hold” rating in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.28.
Shares of Transocean (NYSE RIG) opened at $12.20 on Friday. 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 has a 12-month low of $7.20 and a 12-month high of $16.16. The company has a market capitalization of $4,770.00, a P/E ratio of -1.71 and a beta of 1.79.
Transocean (NYSE:RIG) last issued its quarterly earnings results on Wednesday, November 1st. The offshore drilling services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $703.13 million. During the same period in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. research analysts predict that Transocean will post -0.34 earnings per share for the current year.
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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