one8zero8 LLC Acquires Shares of 28,000 Transocean Ltd. (NYSE:RIG)

one8zero8 LLC acquired a new stake in Transocean Ltd. (NYSE:RIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,000 shares of the offshore drilling services provider’s stock, valued at approximately $105,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Transocean by 96.2% in the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock worth $37,000 after purchasing an additional 4,826 shares during the period. Adero Partners LLC acquired a new position in Transocean in the fourth quarter worth $38,000. Stratos Wealth Partners LTD. acquired a new position in Transocean in the fourth quarter worth $40,000. R Squared Ltd acquired a new position in Transocean in the fourth quarter worth $41,000. Finally, Transcend Capital Advisors LLC acquired a new position in Transocean in the fourth quarter worth $41,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Price Performance

NYSE:RIG opened at $3.17 on Tuesday. The business’s 50-day moving average price is $3.56 and its 200 day moving average price is $3.97. The firm has a market cap of $2.78 billion, a P/E ratio of -4.34, a PEG ratio of 0.86 and a beta of 2.72. Transocean Ltd. has a 52-week low of $2.55 and a 52-week high of $6.88. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on RIG shares. Benchmark reaffirmed a “hold” rating on shares of Transocean in a report on Tuesday, December 3rd. Evercore ISI cut shares of Transocean from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Friday, December 6th. Barclays cut their price objective on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, TD Cowen cut their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Transocean presently has a consensus rating of “Hold” and a consensus target price of $5.42.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total transaction of $89,100.00. Following the sale, the executive vice president now owns 229,596 shares in the company, valued at approximately $929,863.80. The trade was a 8.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.16% of the stock is currently owned by company insiders.

Transocean 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.