WINTON GROUP Ltd Purchases Shares of 185,500 Transocean Ltd. $RIG

WINTON GROUP Ltd purchased a new stake in Transocean Ltd. (NYSE:RIG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 185,500 shares of the offshore drilling services provider’s stock, valued at approximately $766,000.

A number of other hedge funds also recently made changes to their positions in RIG. TD Waterhouse Canada Inc. boosted its holdings in shares of Transocean by 22,432.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock valued at $26,000 after purchasing an additional 6,281 shares during the last quarter. Josh Arnold Investment Consultant LLC acquired a new position in shares of Transocean in the 2nd quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Transocean in the 4th quarter valued at $27,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of Transocean in the 3rd quarter valued at $31,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Transocean in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

RIG has been the topic of a number of research analyst reports. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $6.00 to $8.00 in a report on Thursday, May 7th. Clarkson Capital lowered shares of Transocean from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a report on Tuesday, April 21st. Morgan Stanley lifted their target price on shares of Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, Susquehanna lifted their target price on shares of Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Transocean currently has an average rating of “Hold” and a consensus target price of $6.96.

Transocean Stock Performance

NYSE:RIG opened at $6.02 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of -2.02 and a beta of 1.28. The firm’s fifty day simple moving average is $6.46 and its 200 day simple moving average is $5.60. Transocean Ltd. has a twelve month low of $2.51 and a twelve month high of $7.66.

Transocean (NYSE:RIG) last posted its earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts expect that Transocean Ltd. will post 0.17 earnings per share for the current fiscal year.

Transocean Company Profile

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.