TransoceanRIG
Market Cap: 5.08B
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
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
10 Wall Street Analysts provided 1 year price forecasts over the past 6 months
10 analyst ratings
Benchmark Kurt Hallead | 38%upside $8 | Buy Reiterated | 25 Jul 2024 |
Evercore ISI Group James West | 21%upside $7 | Outperform Maintained | 1 May 2024 |
Benchmark Kurt Hallead | 38%upside $8 | Buy Reiterated | 30 Apr 2024 |
B of A Securities Chase Mulvehill | 3%upside $6 | Underperform Maintained | 15 Apr 2024 |
Susquehanna Charles Minervino | 55%upside $9 | Positive Upgraded | 8 Apr 2024 |
Financial journalist opinion
Based on 10 articles about RIG published over the past 30 days