Credit Agricole S A increased its stake in shares of Transocean LTD (NYSE:RIG) by 477.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,968 shares of the offshore drilling services provider’s stock after buying an additional 27,261 shares during the period. Credit Agricole S A’s holdings in Transocean LTD were worth $486,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RIG. Federated Investors Inc. PA bought a new stake in Transocean LTD during the fourth quarter valued at approximately $101,000. CIBC World Markets Inc. bought a new stake in Transocean LTD during the third quarter valued at approximately $108,000. Catalyst Capital Advisors LLC bought a new stake in Transocean LTD during the third quarter valued at approximately $112,000. Public Employees Retirement Association of Colorado boosted its stake in Transocean LTD by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 11,126 shares of the offshore drilling services provider’s stock valued at $119,000 after buying an additional 45 shares in the last quarter. Finally, RBF Capital LLC bought a new stake in Transocean LTD during the third quarter valued at approximately $128,000. 63.84% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Transocean LTD (NYSE:RIG) opened at 12.22 on Tuesday. The firm has a market capitalization of $4.76 billion, a PE ratio of 5.88 and a beta of 1.87. Transocean LTD has a 1-year low of $8.34 and a 1-year high of $16.66. The firm has a 50-day moving average price of $13.37 and a 200-day moving average price of $12.30.

Transocean LTD (NYSE:RIG) last issued its quarterly earnings results on Thursday, February 23rd. The offshore drilling services provider reported $0.63 earnings per share 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%. On average, analysts forecast that Transocean LTD will post ($0.55) EPS for the current fiscal year.

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RIG has been the subject of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price target on shares of Transocean LTD in a report on Friday, January 6th. Zephirin Group reaffirmed a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of Transocean LTD in a report on Tuesday, December 27th. Zacks Investment Research raised Transocean LTD from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, December 22nd. Evercore ISI reaffirmed a “buy” rating and issued a $18.00 price target on shares of Transocean LTD in a report on Monday, December 19th. Finally, Vetr cut Transocean LTD from a “strong-buy” rating to a “buy” rating and set a $14.89 price target for the company. in a report on Thursday, December 1st. Fourteen equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.15.

Transocean LTD Company Profile

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 primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment.

5 Day Chart for NYSE:RIG

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