Dalal Street LLC Grows Position in Transocean Ltd. $RIG

Dalal Street LLC increased its holdings in shares of Transocean Ltd. (NYSE:RIG) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,040,133 shares of the offshore drilling services provider’s stock after acquiring an additional 2,597,801 shares during the quarter. Transocean comprises about 27.8% of Dalal Street LLC’s investment portfolio, making the stock its 2nd largest holding. Dalal Street LLC’s holdings in Transocean were worth $111,676,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RIG. Integrated Wealth Concepts LLC grew its stake in Transocean by 12.1% during the first quarter. Integrated Wealth Concepts LLC now owns 69,637 shares of the offshore drilling services provider’s stock worth $221,000 after buying an additional 7,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Transocean by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 434,031 shares of the offshore drilling services provider’s stock worth $1,376,000 after buying an additional 18,957 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Transocean by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock worth $38,521,000 after buying an additional 5,719,637 shares in the last quarter. Cetera Investment Advisers grew its stake in Transocean by 5.7% during the second quarter. Cetera Investment Advisers now owns 233,984 shares of the offshore drilling services provider’s stock worth $606,000 after buying an additional 12,532 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Transocean by 29.2% during the second quarter. Invesco Ltd. now owns 1,032,774 shares of the offshore drilling services provider’s stock worth $2,675,000 after buying an additional 233,458 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Transocean Stock Up 0.2%

NYSE:RIG opened at $6.05 on Friday. The firm’s 50 day simple moving average is $6.44 and its 200 day simple moving average is $5.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.54 and a quick ratio of 1.20. Transocean Ltd. has a one year low of $2.51 and a one year high of $7.66. The company has a market cap of $6.75 billion, a PE ratio of -2.03 and a beta of 1.28.

Transocean (NYSE:RIG) last posted its earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10). Transocean had a positive return on equity of 0.88% and a negative net margin of 66.79%.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 prior year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that Transocean Ltd. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RIG has been the topic of a number of analyst reports. Clarkson Capital downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. TD Cowen increased their price objective on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research note on Tuesday, April 21st. Morgan Stanley increased their price objective on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Susquehanna raised their price target on shares of Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.96.

About Transocean

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.