Transocean Ltd. (NYSE:RIG) EVP Sells $84,700.00 in Stock

Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total value of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at $1,205,327.20. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Roderick James Mackenzie also recently made the following trade(s):

• On Friday, January 10th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $4.05, for a total transaction of $89,100.00.
• On Monday, November 18th, Roderick James Mackenzie sold 20,000 shares of Transocean stock. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00.

Transocean Stock Performance

RIG opened at $3.54 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. Transocean Ltd. has a 52-week low of $3.40 and a 52-week high of $6.88. The firm has a market cap of $3.10 billion, a P/E ratio of -4.71, a price-to-earnings-growth ratio of 0.75 and a beta of 2.70. The business’s fifty day moving average is $3.84 and its 200-day moving average is $4.27.

Institutional Investors Weigh In On Transocean

Several institutional investors and hedge funds have recently bought and sold shares of RIG. Vanguard Group Inc. raised its position in shares of Transocean by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider’s stock valued at $295,544,000 after buying an additional 931,684 shares in the last quarter. Primecap Management Co. CA raised its position in Transocean by 0.4% during the third quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock valued at $239,454,000 after purchasing an additional 222,680 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Transocean by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,008,596 shares of the offshore drilling services provider’s stock worth $150,029,000 after purchasing an additional 809,864 shares during the last quarter. State Street Corp boosted its holdings in shares of Transocean by 11.0% in the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after purchasing an additional 1,944,723 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Transocean by 51.5% in the 4th quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider’s stock valued at $72,215,000 after purchasing an additional 6,542,271 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RIG has been the topic of a number of research reports. Evercore ISI lowered shares of Transocean from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Friday, December 6th. Benchmark restated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Susquehanna lowered their price objective on Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen reduced their target price on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.94.

Transocean Company 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.