Transocean LTD (NYSE:RIG) Has Further Downside Risks

Transocean rig Gulf of Mexico

Since the beginning of the calendar year, the stock is -15.40%.

Transocean LTD (NYSE:RIG) opened at 12.47 on Thursday.

The stock as of last trading session moved 49.52% up from its 52 week low and was -25.15% behind its 52 week high. Perhaps it's the price of oil, which has fallen 1.2% to $48.71 a barrel this morning, and has helped sink Transocean's competitors, including Noble (NE), Atwood Oceanics (ATW), and Diamond Offshore Drilling (DO) this morning. (NYSE:ARNC) [Trend Analysis], stock knocked up around 0.66% in early session as its gaining volume of 5.97 Million. Vetr downgraded Transocean LTD from a "strong-buy" rating to a "buy" rating and set a $14.89 price objective for the company.in a research report on Thursday, December 1st. Shares of the Company are trading below their 50-day moving average by -12.73%.

In the last Quarter, Transocean Ltd. (RIG) reported its Actual EPS of $0.63/share.

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The company's stock now has 4.87 Billion in market capitalization.

Another insider trade includes Chief Executive Officer Thigpen (Jeremy D) who also initiated a transaction in which 19850 shares were traded on 1 Mar 2017 as "Sell". Apart from these units, Transocean has 30 ultra-deep-water drilling machines and 16 other rigs that drill at various ocean depths. This contrasts with this year Q4 current estimates trend of $0.24 while for one month was for $0.22. Transocean LTD had a return on equity of 6.80% and a net margin of 23.14%.

Covering sell-side analysts have recently weighed in on shares of Transocean Ltd. (NYSE:RIG). Public Employees Retirement Association of Colorado increased its position in Transocean LTD by 0.4% in the third quarter. This showed the surprise of 687.5% in the last quarter earnings. Municipal Employees Retirement System of MI increased its position in Transocean LTD by 0.3% in the third quarter. Finally, Arizona State Retirement System boosted its stake in Transocean LTD by 0.5% in the third quarter. Municipal Employees Retirement System of MI now owns 20,630 shares of the offshore drilling services provider's stock valued at $220,000 after buying an additional 70 shares in the last quarter. Capital Investment Counsel Inc now owns 19,350 shares of the offshore drilling services provider's stock valued at $206,000 after buying an additional 400 shares in the last quarter.

The agreement is part of a larger deal between Borr Drilling and Transocean, under which Borr Drilling will buy 15 drilling rigs from Transocean for US$1.35 billion.

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