Analysts Review: Transocean Inc (NYSE:RIG)

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According to 19 analysts, Transocean LTD (NYSE:RIG)'s revenue estimates for the current quarter are $712.08M meanwhile the company has high revenue estimates of $762M in contradiction of low revenue estimates of $671M.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. The stock has a market capitalization of $4.02B along with 391.05M outstanding shares. The stock exchanged hands 14.21 Million shares versus average trading capacity of 12.03 Million shares, yielding a market cap of $4.22 Billion. Transocean Ltd. P/E (price to earnings) ratio is 6.37 and Forward P/E ratio of 0. North Star Mgmt reported 0.03% of its portfolio in Transocean LTD (NYSE:RIG). Vetr downgraded the shares of RIG in report on Friday, August 28 to "Strong-Buy" rating.

Some buy side analysts are also providing their Analysis on Transocean Ltd., where 1 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 16 said it's a HOLD, 12 reported it as Underperform and 2 analysts rated the stock as Sell.

CHK was trading -32.07% below its 52-week high and 56.46% above its 52-week low.

Transocean Inc (NYSE:RIG)'s trailing twelve month revenues are $3.61 Billion, whereas its price to sales ratio for the same period is 1.22.

Transocean Ltd. (RIG)'s distance from 200 day simple moving average is -10.66 percent, its distance from 50 day simple moving average is -9.81 percent, while its distance from 20 day simple moving average is -3.3 percent. After $0.01 actual earnings per share reported by Transocean LTD for the previous quarter, Wall Street now forecasts -1,200.00% negative EPS growth.

The company declined -2.81% and closed its last trading session at $10.69. Institutional investors and hedge funds own 63.84% of the company's stock.

Analysts await Transocean LTD (NYSE:RIG) to report earnings on August, 2. The offshore drilling services provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The company had revenue of $785 million during the quarter, compared to the consensus estimate of $737.51 million. It has a return on equity (ROE) of 3.90%.

The company's expected revenue in the current quarter to be 712.12 Million, seeing a projected current quarter growth of -147.1%, and per annum growth estimates over the next 5 year period of around 5%.

ILLEGAL ACTIVITY WARNING: "Transocean LTD (RIG) Earns Media Impact Rating of 0.28" was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another domain, it was stolen and reposted in violation of United States and global trademark and copyright laws. They issued a "sell" rating and a $8.00 target price on the stock. Following the completion of the sale, the senior vice president now owns 54,845 shares of the company's stock, valued at $618,651.60. It fall, as 72 investors sold Transocean LTD shares while 120 reduced holdings. The analysts estimated mean EPS at -0.16 while the high and low EPS estimate stand at 0.08 and -0.27 respectively. Alpha One also gave media coverage about the offshore drilling services provider an impact score of 73 out of 100, indicating that recent press coverage is likely to have an impact on the stock's share price in the next few days. Commonwealth Bank of Australia raised its position in shares of Transocean LTD by 52.8% in the third quarter. For the past quarter, shares have performed -20.58%. Transocean Ltd has $21 highest and $2 lowest target. The stock of Transocean LTD (NYSE:RIG) earned "Buy" rating by Guggenheim on Monday, November 30. Capital Investment Counsel Inc now owns 19,350 shares of the offshore drilling services provider's stock worth $206,000 after buying an additional 400 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Transocean LTD during the first quarter valued at about $604,000.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.

The company has been one of the biggest innovators in "Oil & Gas Drilling & Exploration" employing approximately 5000 full time employees. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill gas and oil wells.