EPS for Transocean LTD (RIG) Expected At $-0.06

October 13, 2017 - By Linda Rogers

 EPS for Transocean LTD (RIG) Expected At $ 0.06
Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It increased, as 52 investors sold Transocean LTD shares while 105 reduced holdings. 58 funds opened positions while 138 raised stakes. 260.14 million shares or 5.99% more from 245.44 million shares in 2017Q1 were reported.
Sg Americas Secs Limited Liability Corporation holds 341,146 shares or 0.03% of its portfolio. Hwg L P accumulated 0.01% or 904 shares. Canada Pension Plan Investment Board has 1.04 million shares. First Allied Advisory invested in 0.01% or 40,798 shares. Norinchukin Natl Bank The holds 27,137 shares. Castleark Mngmt Limited reported 11,600 shares. Commonwealth Equity Ser Inc reported 84,853 shares or 0% of all its holdings. Parkside Savings Bank And Trust holds 98 shares. Moors Cabot Inc holds 0.02% or 11,170 shares in its portfolio. Royal National Bank Of Canada invested 0.01% of its portfolio in Transocean LTD (NYSE:RIG). Tci Wealth Advsr accumulated 1,866 shares. Alliancebernstein L P owns 607,549 shares. Grp One Trading Ltd Partnership reported 144,938 shares. Meeder Asset Management Incorporated reported 0.06% stake. Cwm Limited Liability Corporation has invested 0% of its portfolio in Transocean LTD (NYSE:RIG).

Analysts expect Transocean LTD (NYSE:RIG) to report $-0.06 EPS on November, 1.They anticipate $0.31 EPS change or 124.00 % from last quarter’s $0.25 EPS. The stock increased 3.43% or $0.36 during the last trading session, reaching $10.86. About 20.49M shares traded or 22.69% up from the average. Transocean LTD (NYSE:RIG) has risen 15.86% since October 14, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

Transocean LTD (NYSE:RIG) Ratings Coverage

Among 38 analysts covering Transocean Ltd (NYSE:RIG), 14 have Buy rating, 9 Sell and 15 Hold. Therefore 37% are positive. Transocean Ltd had 89 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, March 9 the stock rating was upgraded by Fearnley to “Reduce”. Evercore upgraded Transocean LTD (NYSE:RIG) on Wednesday, June 29 to “Hold” rating. The stock of Transocean LTD (NYSE:RIG) has “Underperform” rating given on Thursday, February 25 by Credit Suisse. Goldman Sachs upgraded the shares of RIG in report on Wednesday, August 9 to “Neutral” rating. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with “Sell”. As per Wednesday, January 25, the company rating was upgraded by Piper Jaffray. Bernstein initiated the stock with “Outperform” rating in Friday, December 2 report. The stock of Transocean LTD (NYSE:RIG) earned “Hold” rating by Canaccord Genuity on Thursday, September 15. The stock of Transocean LTD (NYSE:RIG) earned “Neutral” rating by PiperJaffray on Wednesday, January 25. Bank of America downgraded Transocean LTD (NYSE:RIG) on Monday, January 9 to “Underperform” rating.

Transocean Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has market cap of $4.25 billion. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill gas and oil wells. It currently has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

More notable recent Transocean LTD (NYSE:RIG) news were published by: Nasdaq.com which released: “Transocean Ltd. (RIG) Looks Good: Stock Adds 7.6% in Session” on September 26, 2017, also Seekingalpha.com with their article: “Offshore Drilling Has Finally Bottomed. Buy Transocean.” published on October 09, 2017, Seekingalpha.com published: “Must-Own Oil Stock: Transocean” on October 03, 2017. More interesting news about Transocean LTD (NYSE:RIG) were released by: Globenewswire.com and their article: “Transocean Ltd. Announces Third Quarter 2017 Earnings Release Date” published on October 12, 2017 as well as Globenewswire.com‘s news article titled: “Transocean Ltd. Receives Early Termination Notice on the Discoverer Clear Leader” with publication date: September 20, 2017.

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