Aigen Investment Management LP Buys 207,437 Shares of Transocean Ltd. $RIG

Aigen Investment Management LP raised its stake in Transocean Ltd. (NYSE:RIG) by 228.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,235 shares of the offshore drilling services provider’s stock after purchasing an additional 207,437 shares during the period. Aigen Investment Management LP’s holdings in Transocean were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fruth Investment Management increased its position in shares of Transocean by 2.8% during the fourth quarter. Fruth Investment Management now owns 90,378 shares of the offshore drilling services provider’s stock worth $373,000 after acquiring an additional 2,500 shares in the last quarter. Annandale Capital LLC grew its position in Transocean by 17.7% in the 4th quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider’s stock worth $69,000 after purchasing an additional 2,500 shares in the last quarter. Jones Financial Companies Lllp grew its position in Transocean by 9.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 35,604 shares of the offshore drilling services provider’s stock worth $114,000 after purchasing an additional 2,932 shares in the last quarter. Townsend & Associates Inc grew its position in Transocean by 16.0% in the 4th quarter. Townsend & Associates Inc now owns 29,000 shares of the offshore drilling services provider’s stock worth $126,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Transocean by 20.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 24,175 shares of the offshore drilling services provider’s stock worth $75,000 after purchasing an additional 4,026 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Transocean Stock Up 0.2%

RIG opened at $6.05 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of -2.03 and a beta of 1.28. Transocean Ltd. has a twelve month low of $2.51 and a twelve month high of $7.66. The company’s 50-day moving average price is $6.44 and its two-hundred day moving average price is $5.62.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. As a group, equities analysts expect that Transocean Ltd. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

RIG has been the subject of a number of recent analyst reports. Clarkson Capital downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research report on Tuesday, April 21st. Morgan Stanley upped their price objective on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Susquehanna upped their price objective on shares of Transocean from $7.50 to $8.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.96.

About Transocean

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.