Transocean
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 Q3 regulatory filings by fund managers ($100M+ AUM)
22% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 50
1% more funds holding
Funds holding: 413 [Q2] → 418 (+5) [Q3]
7% more call options, than puts
Call options by funds: $103M | Put options by funds: $96.1M
3% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 123
7.5% less ownership
Funds ownership: 76.72% [Q2] → 69.22% (-7.5%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
24% less capital invested
Capital invested by funds: $3.37B [Q2] → $2.57B (-$792M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Evercore ISI Group James West 45% 1-year accuracy 17 / 38 met price target | 33%upside $5 | In-Line Downgraded | 15 Jan 2025 |
TD Cowen Marc Bianchi 48% 1-year accuracy 16 / 33 met price target | 47%upside $5.50 | Hold Maintained | 8 Jan 2025 |
Barclays David Anderson 42% 1-year accuracy 33 / 79 met price target | 20%upside $4.50 | Overweight Upgraded | 18 Dec 2024 |
JP Morgan Arun Jayaram 42% 1-year accuracy 14 / 33 met price target | 33%upside $5 | Neutral Upgraded | 6 Dec 2024 |
Financial journalist opinion
Based on 364 articles about RIG published over the past 30 days









