News articles about Transocean (NYSE:RIG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Transocean earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the offshore drilling services provider an impact score of 45.8899057527485 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently weighed in on RIG shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $7.35 price target on shares of Transocean in a report on Sunday, October 22nd. ValuEngine raised Transocean from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Jefferies Group upped their price target on Transocean from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. TheStreet cut Transocean from a “c-” rating to a “d” rating in a report on Friday, November 3rd. Finally, Royal Bank of Canada set a $11.00 price target on Transocean and gave the stock a “hold” rating in a report on Sunday, November 12th. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.08.
Shares of Transocean (RIG) opened at $9.09 on Friday. Transocean has a fifty-two week low of $7.20 and a fifty-two week high of $14.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 2.13. The company has a market capitalization of $3,560.00, a P/E ratio of -1.27 and a beta of 1.55.
In related news, SVP David A. Tonnel sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $9.39, for a total value of $84,510.00. Following the completion of the sale, the senior vice president now owns 75,349 shares of the company’s stock, valued at $707,527.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.
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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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