Transocean LTD (RIG) Position Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky continued to hold its position in shares of Transocean LTD (NYSE:RIG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,526 shares of the offshore drilling services provider’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in Transocean LTD were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in Transocean LTD by 3.1% in the fourth quarter. State Street Corp now owns 19,710,400 shares of the offshore drilling services provider’s stock worth $290,542,000 after buying an additional 595,479 shares during the period. Dimensional Fund Advisors LP increased its position in Transocean LTD by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,128,617 shares of the offshore drilling services provider’s stock worth $164,037,000 after buying an additional 770,565 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Transocean LTD by 3.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,003,419 shares of the offshore drilling services provider’s stock worth $106,636,000 after buying an additional 355,942 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Transocean LTD by 3.0% in the third quarter. BlackRock Fund Advisors now owns 6,539,565 shares of the offshore drilling services provider’s stock worth $69,712,000 after buying an additional 191,949 shares in the last quarter. Finally, Contrarius Investment Management Ltd bought a new stake in shares of Transocean LTD during the third quarter worth about $59,302,000. Institutional investors and hedge funds own 63.84% of the company’s stock.

Institutional Ownership by Quarter for Transocean LTD (NYSE:RIG)

Shares of Transocean LTD (NYSE:RIG) traded down 0.70% during midday trading on Friday, reaching $11.30. The company’s stock had a trading volume of 8,212,752 shares. The stock has a 50-day moving average price of $12.38 and a 200-day moving average price of $12.72. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 5.43 and a beta of 1.87. Transocean LTD has a 52-week low of $8.68 and a 52-week high of $16.66.

Transocean LTD (NYSE:RIG) last announced its earnings results on Thursday, February 23rd. The offshore drilling services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.55. Transocean LTD had a return on equity of 6.80% and a net margin of 23.14%. The business earned $974 million during the quarter, compared to analyst estimates of $785.52 million. Equities research analysts anticipate that Transocean LTD will post ($0.58) earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on RIG shares. Zephirin Group reiterated a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of Transocean LTD in a research note on Tuesday, December 27th. Zacks Investment Research upgraded Transocean LTD from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, December 22nd. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of Transocean LTD in a research note on Friday, January 6th. R. F. Lafferty initiated coverage on Transocean LTD in a research note on Thursday, February 9th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Vetr cut Transocean LTD from a “strong-buy” rating to a “buy” rating and set a $14.91 price target on the stock. in a research note on Tuesday, February 21st. Fourteen investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.49.

About Transocean LTD

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

5 Day Chart for NYSE:RIG

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