Vicus Capital Takes $88,000 Position in Transocean Ltd. (NYSE:RIG)

Vicus Capital acquired a new stake in shares of Transocean Ltd. (NYSE:RIGFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 13,929 shares of the offshore drilling services provider’s stock, valued at approximately $88,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Transocean by 446.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,996 shares of the offshore drilling services provider’s stock worth $27,000 after purchasing an additional 8,984 shares during the last quarter. IHT Wealth Management LLC increased its position in Transocean by 38.8% in the third quarter. IHT Wealth Management LLC now owns 16,895 shares of the offshore drilling services provider’s stock worth $42,000 after purchasing an additional 4,719 shares during the last quarter. National Bank of Canada FI increased its position in Transocean by 3,800.0% in the third quarter. National Bank of Canada FI now owns 5,850 shares of the offshore drilling services provider’s stock worth $46,000 after purchasing an additional 5,700 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Transocean in the fourth quarter worth $46,000. Finally, Pathstone Family Office LLC increased its position in Transocean by 160.5% in the fourth quarter. Pathstone Family Office LLC now owns 37,764 shares of the offshore drilling services provider’s stock worth $46,000 after purchasing an additional 23,265 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Transocean Stock Up 2.2 %

Shares of RIG opened at $5.67 on Monday. The firm has a market capitalization of $4.65 billion, a P/E ratio of -4.46 and a beta of 2.77. Transocean Ltd. has a 12-month low of $4.45 and a 12-month high of $8.88. The company has a current ratio of 1.52, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $5.64 and a 200-day moving average price of $6.06.

Transocean (NYSE:RIGGet Free Report) last issued its earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.12. The firm had revenue of $741.00 million during the quarter, compared to analyst estimates of $779.17 million. Transocean had a negative net margin of 33.69% and a negative return on equity of 7.13%. During the same period in the previous year, the firm earned ($0.49) earnings per share. Equities research analysts expect that Transocean Ltd. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

RIG has been the subject of several recent analyst reports. StockNews.com raised shares of Transocean to a “sell” rating in a research note on Tuesday, February 20th. Citigroup dropped their price objective on shares of Transocean from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Barclays dropped their price objective on shares of Transocean from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Susquehanna raised shares of Transocean from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $5.50 to $9.00 in a research note on Monday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Transocean from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Transocean has a consensus rating of “Hold” and a consensus price target of $8.22.

Read Our Latest Analysis on RIG

Transocean Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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