Transocean Ltd. (NYSE:RIG) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lessened its stake in shares of Transocean Ltd. (NYSE:RIG) by 31.2% in the fourth quarter, HoldingsChannel reports. The firm owned 45,200 shares of the offshore drilling services provider’s stock after selling 20,500 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Transocean were worth $287,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in shares of Transocean by 1,489.8% during the fourth quarter. Private Trust Co. NA now owns 8,537 shares of the offshore drilling services provider’s stock worth $54,000 after buying an additional 8,000 shares in the last quarter. Csenge Advisory Group acquired a new stake in Transocean during the third quarter worth approximately $83,000. Southern Capital Advisors LLC purchased a new stake in Transocean in the 4th quarter worth approximately $83,000. Joseph P. Lucia & Associates LLC acquired a new position in Transocean in the third quarter valued at $87,000. Finally, Vicus Capital purchased a new position in Transocean during the fourth quarter worth about $88,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Price Performance

Shares of Transocean stock traded down $0.61 on Tuesday, hitting $5.22. The company had a trading volume of 51,837,669 shares, compared to its average volume of 18,230,176. Transocean Ltd. has a 52 week low of $4.45 and a 52 week high of $8.88. The company has a market cap of $4.27 billion, a PE ratio of -4.11 and a beta of 2.77. The business has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $5.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.22.

Transocean (NYSE:RIG) last released its earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Transocean had a negative return on equity of 7.13% and a negative net margin of 33.69%. The firm had revenue of $767.00 million for the quarter, compared to analyst estimates of $781.86 million. During the same period in the previous year, the company earned ($0.38) earnings per share. Transocean’s revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Transocean Ltd. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on RIG shares. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of Transocean in a report on Tuesday. Morgan Stanley cut their price target on shares of Transocean from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Citigroup lowered their price objective on shares of Transocean from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. StockNews.com raised Transocean to a “sell” rating in a research report on Tuesday, February 20th. Finally, Bank of America upped their price target on Transocean from $5.50 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Transocean has a consensus rating of “Hold” and an average price target of $7.78.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.