Courier Capital LLC Increases Stake in Transocean Ltd. (NYSE:RIG)

Courier Capital LLC boosted its stake in Transocean Ltd. (NYSE:RIG) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,738 shares of the offshore drilling services provider’s stock after purchasing an additional 5,031 shares during the quarter. Courier Capital LLC’s holdings in Transocean were worth $144,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of RIG. LaFleur & Godfrey LLC lifted its stake in shares of Transocean by 13.3% in the 3rd quarter. LaFleur & Godfrey LLC now owns 15,300 shares of the offshore drilling services provider’s stock valued at $126,000 after purchasing an additional 1,800 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Transocean by 16.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider’s stock worth $118,000 after buying an additional 2,000 shares during the period. IHT Wealth Management LLC increased its position in shares of Transocean by 13.7% in the fourth quarter. IHT Wealth Management LLC now owns 19,212 shares of the offshore drilling services provider’s stock worth $88,000 after acquiring an additional 2,317 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Transocean by 6.4% during the 1st quarter. Snowden Capital Advisors LLC now owns 41,657 shares of the offshore drilling services provider’s stock valued at $265,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Transocean by 12.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 23,600 shares of the offshore drilling services provider’s stock valued at $194,000 after acquiring an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RIG shares. Susquehanna reduced their price target on Transocean from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Barclays decreased their target price on shares of Transocean from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Citigroup dropped their price target on shares of Transocean from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. StockNews.com raised shares of Transocean to a “sell” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley dropped their target price on Transocean from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.06.

Transocean Trading Up 2.3 %

Transocean stock opened at $6.26 on Thursday. The company has a 50-day simple moving average of $5.35 and a 200-day simple moving average of $6.31. Transocean Ltd. has a one year low of $4.45 and a one year high of $8.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52.

Transocean (NYSE:RIG) last posted its earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.12. Transocean had a negative return on equity of 7.13% and a negative net margin of 33.69%. The firm had revenue of $741.00 million for the quarter, compared to analysts’ expectations of $779.17 million. During the same period last year, the firm earned ($0.49) EPS. On average, sell-side analysts forecast that Transocean Ltd. will post 0.09 EPS for the current year.

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.