Transocean (RIG) Given Media Sentiment Score of 0.10

Headlines about Transocean (NYSE:RIG) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Transocean earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the offshore drilling services provider an impact score of 48.1041114587464 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

Shares of Transocean (NYSE RIG) traded up $0.25 during mid-day trading on Monday, reaching $11.86. 9,990,328 shares of the company traded hands, compared to its average volume of 10,630,000. Transocean has a one year low of $7.20 and a one year high of $16.16. The stock has a market cap of $4,640.00, a P/E ratio of -1.66 and a beta of 1.79. The company has a quick ratio of 2.13, a current ratio of 2.36 and a debt-to-equity ratio of 0.51.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Wednesday, November 1st. The offshore drilling services provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.20. Transocean had a negative net margin of 84.09% and a positive return on equity of 2.10%. The company had revenue of $808.00 million for the quarter, compared to the consensus estimate of $703.13 million. During the same period in the prior year, the firm posted $0.25 EPS. Transocean’s revenue for the quarter was down 10.8% on a year-over-year basis. analysts anticipate that Transocean will post -0.34 EPS for the current year.

RIG has been the topic of a number of recent research reports. Jefferies Group reaffirmed a “hold” rating and issued a $9.00 target price on shares of Transocean in a research report on Friday, September 22nd. UBS Group raised shares of Transocean from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $15.00 in a research report on Monday, September 25th. Nordea Equity Research reaffirmed a “buy” rating and issued a $14.00 target price on shares of Transocean in a research report on Saturday, September 30th. Zacks Investment Research raised shares of Transocean from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada set a $11.00 target price on shares of Transocean and gave the stock a “hold” rating in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.09.

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About Transocean

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.

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