UBS Maintains Transocean LTD to Neutral with Price Target $12.00

Brokerage firm UBS Maintains its rating on Transocean LTD(NYSE:RIG). In a research note issued to the investors, the brokerage major Raises the price-target to $12.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Susquehanna said it Upgrades its rating on Transocean LTD. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on Transocean LTD. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 18, 2016, Wells Fargo said it Upgrades its rating on Transocean LTD. The shares have been rated ‘Market Perform’ by the firm. On Jun 29, 2016, Evercore ISI Group said it Upgrades its rating on Transocean LTD. The shares have been rated ‘Hold’ by the firm. On May 19, 2016, Citigroup said it Maintains its rating on Transocean LTD. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Sell’ by the firm. On May 16, 2016, Citigroup said it Maintains its rating on Transocean LTD. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Sell’ by the firm.

Transocean LTD (RIG) remained unchanged at the close of Wednesday session. Even as the volume increased to 1,68,96,937 ,the shares failed to make any impression and ended at 0 points or 0.00% at $10.11. The trading session commenced at $10.04 and the stock hit a high of $10.13 and touched $9.82 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $17.19 and the 52-week low is $7.665. The company has a market cap of $3,694 M and has approximately 36,53,91,760 outstanding shares.

Transocean LTD(RIG) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $943.00M. Analysts had an estimated revenue of $923.24M. Earnings per share were $0.17. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Sep 23, 2015, Lars Sjobring (SVP and General Counsel) sold 5,324 shares at $14.40 per share price.Also, On Sep 3, 2015, Vanessa C L Chang (director) purchased 1,500 shares at $13.50 per share price.

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 primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Company’s mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater deepwater and harsh environment semisubmersibles and drillships) 17 midwater floaters and 10 high-specification jackups.

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