RIG stock icon

Transocean
RIG

$5.15
0.74%
 

About: Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

Employees: 5,430

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

60% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 8 (+3) [Q1 2024]

26% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 106

1% more call options, than puts

Call options by funds: $211M | Put options by funds: $208M

0.4% more ownership

Funds ownership: 67.72% [Q4 2023] → 68.12% (+0.4%) [Q1 2024]

2% less funds holding

Funds holding: 424 [Q4 2023] → 416 (-8) [Q1 2024]

10% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 80

32% less capital invested

Capital invested by funds: $5.13B [Q4 2023] → $3.46B (-$1.67B) [Q1 2024]

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$5.50
7%
upside
Avg. target
$6.83
33%
upside
High target
$9
75%
upside

9 analyst ratings

positive
44%
neutral
44%
negative
11%
Evercore ISI Group
James West
36%upside
$7
Outperform
Maintained
1 May 2024
Benchmark
Kurt Hallead
55%upside
$8
Buy
Reiterated
30 Apr 2024
B of A Securities
Chase Mulvehill
17%upside
$6
Underperform
Maintained
15 Apr 2024
Susquehanna
Charles Minervino
75%upside
$9
Positive
Upgraded
8 Apr 2024
Piper Sandler
Ian Macpherson
17%upside
$6
Neutral
Maintained
11 Mar 2024

Financial journalist opinion

Based on 5 articles about RIG published over the past 30 days