Thompson Davis & CO. Inc. Invests $90,000 in Transocean Ltd. (NYSE:RIG)

Thompson Davis & CO. Inc. bought a new stake in Transocean Ltd. (NYSE:RIG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,025 shares of the offshore drilling services provider’s stock, valued at approximately $90,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock valued at $37,000 after buying an additional 4,826 shares during the period. Adero Partners LLC acquired a new position in shares of Transocean in the fourth quarter worth about $38,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Transocean during the fourth quarter worth approximately $40,000. R Squared Ltd acquired a new stake in shares of Transocean during the fourth quarter worth approximately $41,000. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Transocean during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Stock Performance

Shares of NYSE RIG opened at $3.37 on Friday. The firm’s 50-day simple moving average is $3.79 and its 200 day simple moving average is $4.21. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a 12-month low of $3.35 and a 12-month high of $6.88.

Transocean (NYSE:RIG) last issued its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). The company had revenue of $952.00 million for the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. Research analysts predict that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research report on Friday, December 6th. Susquehanna dropped their price target on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research report on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. StockNews.com raised shares of Transocean to a “sell” rating in a research report on Tuesday, November 12th. Finally, TD Cowen decreased their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.81.

Insiders Place Their Bets

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total value of $84,700.00. Following the completion of the sale, the executive vice president now directly owns 313,072 shares of the company’s stock, valued at $1,205,327.20. This represents a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 13.16% of the company’s stock.

Transocean 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.