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Transocean LTD (NYSE:RIG) saw unusually large options trading activity on Monday. Traders bought 26,081 call options on the company, reports. This represents an increase of 299% compared to the typical volume of 6,540 call options.

In other Transocean LTD news, Director Edward R. Muller sold 1,816 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $42.75, for a total transaction of $77,634.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

RIG has been the subject of a number of recent research reports. Analysts at Cowen and Company reiterated an “outperform” rating on shares of Transocean LTD in a research note on Monday. They now have a $46.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Transocean LTD from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. Finally, analysts at Johnson Rice reiterated an “underweight” rating on shares of Transocean LTD in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21,784.77.

Transocean LTD (NYSE:RIG) traded up 0.90% on Monday, hitting $44.73. The stock had a trading volume of 5,814,157 shares. Transocean LTD has a 52-week low of $38.47 and a 52-week high of $55.74. The stock’s 50-day moving average is $42.47 and its 200-day moving average is $43.89. The company has a market cap of $16.192 billion and a P/E ratio of 10.45.

Transocean LTD (NYSE:RIG) last released its earnings data on Wednesday, May 7th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.40. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Transocean LTD will post $4.32 EPS for the current fiscal year.

The company also recently announced a dividend, which is scheduled for Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 28th.

Transocean Ltd. (NYSE:RIG) is an international provider of offshore contract drilling services for oil and gas wells.

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