Transocean (RIG) Getting Neutral Media Coverage, Report Finds

Media headlines about Transocean (NYSE:RIG) have been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Transocean earned a media sentiment score of 0.50 on their scale. InfoTrie also gave news articles about the offshore drilling services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Transocean’s ranking:

RIG has been the subject of a number of research analyst reports. ValuEngine upgraded Transocean from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. restated a “sell” rating on shares of Transocean in a research report on Tuesday, September 4th. Royal Bank of Canada upgraded Transocean from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 20th. Morgan Stanley initiated coverage on Transocean in a research report on Tuesday, September 18th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $13.30 price target on shares of Transocean in a research report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.79.

RIG opened at $10.53 on Friday. The company has a current ratio of 3.07, a quick ratio of 2.77 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.13 billion, a P/E ratio of -175.50 and a beta of 1.60. Transocean has a 52 week low of $8.70 and a 52 week high of $14.47.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. The business had revenue of $816.00 million for the quarter, compared to analyst estimates of $779.19 million. Transocean had a negative return on equity of 2.31% and a negative net margin of 64.33%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Equities analysts predict that Transocean will post -0.75 earnings per share for the current fiscal year.

In related news, Director Vincent J. Intrieri acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were acquired at an average price of $10.62 per share, with a total value of $106,200.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $106,200. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.33% of the stock is owned by company insiders.

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Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups.

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