Transocean Ltd. (NYSE:RIG) Position Reduced by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. decreased its position in shares of Transocean Ltd. (NYSE:RIG) by 14.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,984 shares of the offshore drilling services provider’s stock after selling 7,987 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Transocean were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RIG. Pilgrim Global Advisors LLC bought a new stake in Transocean during the third quarter worth approximately $77,473,000. Van ECK Associates Corp increased its holdings in shares of Transocean by 33.9% in the fourth quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider’s stock valued at $57,727,000 after buying an additional 3,895,880 shares in the last quarter. Kailix Advisors LLC increased its holdings in shares of Transocean by 59.9% in the third quarter. Kailix Advisors LLC now owns 6,620,451 shares of the offshore drilling services provider’s stock valued at $28,137,000 after buying an additional 2,481,059 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of Transocean in the third quarter valued at $8,935,000. Finally, State Street Corp increased its holdings in shares of Transocean by 11.0% in the third quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after buying an additional 1,944,723 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Transocean Trading Up 2.8 %

Transocean stock opened at $2.75 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -3.76, a PEG ratio of 0.86 and a beta of 2.70. Transocean Ltd. has a one year low of $2.55 and a one year high of $6.88. The company’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $4.09.

Transocean (NYSE:RIG) last posted its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The business had revenue of $952.00 million for the quarter, compared to analyst estimates of $962.28 million. On average, analysts forecast that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the completion of the sale, the executive vice president now directly owns 313,072 shares in the company, valued at $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RIG shares. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Friday, December 6th. StockNews.com raised Transocean to a “sell” rating in a report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. TD Cowen lowered their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI cut shares of Transocean from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.75.

Transocean Company Profile

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.