21,166 Shares in Transocean Ltd. (NYSE:RIG) Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new stake in Transocean Ltd. (NYSE:RIGFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 21,166 shares of the offshore drilling services provider’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Transocean by 1.2% during the fourth quarter. Rhumbline Advisers now owns 1,116,326 shares of the offshore drilling services provider’s stock worth $4,186,000 after purchasing an additional 13,698 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Transocean during the 4th quarter worth approximately $197,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Transocean by 25.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider’s stock worth $1,874,000 after acquiring an additional 100,691 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Transocean during the 4th quarter worth approximately $162,000. Finally, Transcend Capital Advisors LLC bought a new position in Transocean in the fourth quarter valued at approximately $41,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Transocean Stock Performance

Transocean stock opened at $2.91 on Friday. The business has a 50 day moving average of $2.58 and a 200-day moving average of $3.15. The company has a market capitalization of $2.57 billion, a P/E ratio of -3.06, a P/E/G ratio of 1.92 and a beta of 2.54. Transocean Ltd. has a 1 year low of $1.97 and a 1 year high of $5.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 1.06.

Transocean (NYSE:RIGGet Free Report) last released its quarterly earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Transocean had a negative net margin of 18.79% and a negative return on equity of 0.94%. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $884.92 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities research analysts predict that Transocean Ltd. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $2.23, for a total value of $49,060.00. Following the sale, the executive vice president now directly owns 362,841 shares in the company, valued at $809,135.43. This represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 12.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RIG. Citigroup dropped their price objective on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Morgan Stanley lowered their target price on Transocean from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Friday, May 16th. BTIG Research set a $5.00 target price on shares of Transocean and gave the stock a “buy” rating in a report on Monday, May 5th. SEB Equity Research set a $2.80 price target on shares of Transocean in a research note on Wednesday, March 5th. Finally, Barclays lowered their price objective on shares of Transocean from $4.00 to $3.50 and set an “overweight” rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Transocean has a consensus rating of “Hold” and a consensus price target of $4.58.

Get Our Latest Report on RIG

Transocean Company Profile

(Free Report)

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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