Transocean Ltd. (NYSE:RIG) Director Vanessa C. L. Chang purchased 2,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $7.56 per share, with a total value of $15,120.00. Following the transaction, the director now directly owns 50,154 shares in the company, valued at approximately $379,164.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Transocean Ltd. (NYSE:RIG) traded down 2.14% during trading on Monday, reaching $7.32. 11,787,037 shares of the company’s stock traded hands. Transocean Ltd. has a one year low of $7.20 and a one year high of $16.66. The firm’s 50 day moving average price is $8.37 and its 200-day moving average price is $10.64. The stock’s market cap is $2.86 billion.

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Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Transocean by 2.4% in the first quarter. Vanguard Group Inc. now owns 40,938,941 shares of the offshore drilling services provider’s stock worth $509,689,000 after buying an additional 967,011 shares during the period. BlackRock Inc. boosted its position in Transocean by 12.1% in the second quarter. BlackRock Inc. now owns 25,538,929 shares of the offshore drilling services provider’s stock worth $210,185,000 after buying an additional 2,756,207 shares during the period. State Street Corp boosted its position in Transocean by 7.5% in the second quarter. State Street Corp now owns 22,918,962 shares of the offshore drilling services provider’s stock worth $188,616,000 after buying an additional 1,593,179 shares during the period. Dimensional Fund Advisors LP boosted its position in Transocean by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 12,593,894 shares of the offshore drilling services provider’s stock worth $103,650,000 after buying an additional 210,390 shares during the period. Finally, Contrarius Investment Management Ltd boosted its position in Transocean by 96.8% in the second quarter. Contrarius Investment Management Ltd now owns 9,740,030 shares of the offshore drilling services provider’s stock worth $80,160,000 after buying an additional 4,790,469 shares during the period. 69.31% of the stock is currently owned by institutional investors and hedge funds.

RIG has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “underperform” rating and set a $15.00 target price on shares of Transocean in a research report on Tuesday, April 25th. Barclays PLC increased their target price on shares of Transocean from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, May 1st. UBS AG reissued a “neutral” rating and set a $12.00 target price (down previously from $15.00) on shares of Transocean in a research report on Friday, May 5th. R. F. Lafferty decreased their target price on shares of Transocean from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, May 8th. Finally, B. Riley decreased their target price on shares of Transocean from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Eleven analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.42.

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.

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