News headlines about Transocean (NYSE:RIG) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Transocean earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the offshore drilling services provider an impact score of 46.7694355422002 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern’s analysis:

Shares of NYSE RIG opened at $11.79 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. Transocean has a one year low of $7.87 and a one year high of $14.34. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of -196.50 and a beta of 1.49.

Transocean (NYSE:RIG) last issued its quarterly earnings data on Monday, July 30th. The offshore drilling services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.13. Transocean had a negative return on equity of 2.00% and a negative net margin of 99.38%. The firm had revenue of $790.00 million for the quarter, compared to analyst estimates of $768.68 million. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts forecast that Transocean will post -0.91 earnings per share for the current fiscal year.

A number of research firms recently weighed in on RIG. BMO Capital Markets reissued a “sell” rating and set a $8.00 target price on shares of Transocean in a report on Friday, August 10th. ValuEngine lowered Transocean from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 19th. Piper Jaffray Companies reissued a “hold” rating and set a $13.20 target price on shares of Transocean in a report on Wednesday, August 1st. Fearnley Fonds lowered Transocean from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 1st. Finally, Barclays boosted their target price on Transocean from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.62.

In related news, Director Vincent J. Intrieri bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of $10.62 per share, for a total transaction of $106,200.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $106,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 14.09% of the company’s stock.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups.

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