Transocean (RIG) Earning Somewhat Positive Press Coverage, Analysis Shows

Media stories about Transocean (NYSE:RIG) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Transocean earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the offshore drilling services provider an impact score of 45.990422207712 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of brokerages have weighed in on RIG. ValuEngine lowered Transocean from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Royal Bank Of Canada boosted their target price on Transocean from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 14th. TheStreet lowered Transocean from a “c-” rating to a “d” rating in a research report on Friday, November 3rd. Jefferies Group boosted their target price on Transocean from $10.50 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $7.35 target price on shares of Transocean in a research report on Sunday, October 22nd. Eleven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.31.

Transocean (NYSE RIG) traded down $0.05 during midday trading on Thursday, hitting $10.06. The stock had a trading volume of 6,360,673 shares, compared to its average volume of 13,798,341. The company has a quick ratio of 2.13, a current ratio of 2.36 and a debt-to-equity ratio of 0.51. The company has a market cap of $3,940.00, a P/E ratio of 13.32 and a beta of 1.80. Transocean has a 52-week low of $7.20 and a 52-week high of $16.66.

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

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Transocean 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 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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