Transocean LTD (NYSE:RIG) Has Further Downside Risks

Andrew Cummings
March 20, 2017

During the day, the stock's high is $12.28 while the low is $11.81. The Stock opened its session at $12.62 and closed at $12.47 by showing decrease of -0.48 percent. For trailing twelve months, EPS value for the stock is $-0.46.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Company has 1.20% insider ownership. They now have $14.51 target price on the offshore drilling services provider's stock. Zacks Investment Research cut shares of Transocean LTD from a buy rating to a hold rating in a research report on Tuesday, January 3rd. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.

Borr said it is paying $1.35 billion for the fleet, and while Transocean could certainly use the cash, but the market doesn't appear too enthusiastic about the deal: Transocean's shares have dropped 5.2% to $11.82 at 10:04 a.m. today. The analysts offering Earnings Estimates for the company were believing that Transocean Ltd. (RIG) could bring EPS of $0.08/share.

Many Analysts provided their foresight on Revenue Estimates of Transocean Ltd. where they believe that the company has the potential to earn average revenue of $736.12 Million for the current quarter.

Analysts estimated $0.08/share for the previous Quarter, where Transocean Ltd. (RIG) reported Actual EPS of $0.63/share with the difference of 0.55 percent and a surprise of 687.5 percent.

Transocean Ltd. (RIG) now has a consensus Price Target of $14.21. The median estimate represents a +13.07% increase from the last price of 12.47.

Transocean now showing -131.4% EPS growth this year.

Transocean Ltd. (RIG) topped its 52-week high price target of 16.66 on Dec 12, 2016. The company was formed in December 2016 with the ambition to acquire and operate modern drilling assets at discount as the offshore drilling industry continues to experience overcapacity and historically low activity due to falling oil prices since 2014. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 6.00 and a beta of 1.87. The volatility rate is 4.03% percent and 3.90% percent each.

Transocean Ltd. (NYSE:RIG) performance during the last one year Improved 6.49 percent, while its year to date (YTD) performance showed a Negative trend of -15.4 percent. The growth estimate for the next quarter is -147.1 percent.

The Company now has Insider ownership of 0.1 Percent and Institutional Ownership of 77.9 Percent. Net profit margin of the company was recorded at 18.7 percent, operating profit margin was 27.2 percent, whereas gross profit margin stands at 54.9 percent.

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