Evercore ISI Reaffirms "Buy" Rating for Transocean Ltd. (NYSE:RIG)

Evercore ISI Reaffirms

Contrarius Investment Management Ltd now owns 9,740,030 shares of the offshore drilling services provider's stock worth $80,160,000 after buying an additional 4,790,469 shares during the last quarter. Merck & Co Inc now has $170.43B valuation. These shares are worth $106,596 and were traded at $11.28 each. About shares traded. Regional Management Corp (NYSE:RM) has risen 29.27% since August 10, 2016 and is uptrending. It has outperformed by 12.57% the S&P500. Teachers Advisors LLC increased its position in Transocean by 796.2% in the first quarter. As of the end of the quarter Alliancebernstein L.P. had acquired a total of 8,207 shares growing its holdings by 1.4%. The stock rose 1.77% or $0.14 reaching $8.32.

Transocean Ltd. (RIG), a part of Basic Materials sector and belongs to Oil & Gas Drilling & Exploration industry; ended its day with loss -2.92% and finalized at the price of $8.32. It has underperformed by 16.70% the S&P500.

Fmr Llc decreased Cooper Tire & Rubr Co (NYSE:CTB) stake by 244,000 shares to 1.07M valued at $41.68 million in 2016Q4. It also upped Ishares 1 (SHY) stake by 89,972 shares and now owns 530,437 shares. Shares for $193,173 were sold by Vosburg Craig. 161,742 shares were sold by BANGA AJAY, worth $18.97M. Therefore 74% are positive. Transocean Ltd. has a 52-week low of 7.67 and a 52-week high of 16.66. Zacks upgraded Deere & Company (NYSE:DE) on Wednesday, August 19 to "Hold" rating. The rating was upgraded by Piper Jaffray on Monday, November 28 to "Neutral".

Let's take a look at how the stock has been performing recently. The firm has "Sell" rating given on Monday, May 16 by Citigroup. The stock of Deere & Company (NYSE:DE) earned "Outperform" rating by Credit Suisse on Monday, August 22. The stock tapped a 52-week high of US$47.86 while the mean 12-month price target for the shares is US$52.23. Royal Bank Of Canada reiterated a "sell" rating and set a $13.00 price objective on shares of Transocean in a research report on Monday, May 15th. The firm has "Equal Weight" rating by CapitalOne given on Tuesday, December 13. It increased, as 42 investors sold DE shares while 337 reduced holdings. 212.97 million shares or 4.33% less from 222.62 million shares in 2016Q3 were reported. Goelzer Investment Mgmt Inc holds 27,470 shares or 0.37% of its portfolio. The shares price has positioned -26.17% down over the past quarter while it has directed -37.98% toward a falling position throughout past six months. Cambridge Invest Advsrs has 113,765 shares. Diversified Inv Strategies Ltd accumulated 38,867 shares. Outfitter Advsr stated it has 14,385 shares. Employees Retirement Systems Of Texas reported 0% of its portfolio in Transocean LTD (NYSE:RIG). Barrington Strategic Wealth Management Grp Limited Liability Company holds 17,773 shares or 0.98% of its portfolio. Midas has invested 0.95% in Transocean LTD (NYSE:RIG). 10 reported 0.13% stake. Glg Limited Liability Company holds 59,241 shares. 7,240 are owned by Anderson Hoagland And. Academy Cap Management Tx holds 5.64% or 200,697 shares in its portfolio.

Investors sentiment decreased to 0.95 in 2016 Q4. It worsened, as 72 investors sold RIG shares while 120 reduced holdings. 106 funds opened positions while 394 raised stakes. 797.06 million shares or 0.34% more from 794.39 million shares in 2016Q3 were reported.

Institutional investors now hold around $2.34 billion or 80.9% in RIG stock. The legal version of this news story can be viewed at Capstone Advsrs Ltd holds 0.02% or 44,636 shares in its portfolio. Dumont Blake Invest Advisors Ltd holds 0.07% or 10,561 shares in its portfolio. Integral Derivatives Limited Liability has invested 0% in Transocean LTD (NYSE:RIG). Mackenzie Finance Corp reported 20,157 shares stake. Rockland accumulated 0.53% or 55,824 shares. Huntington Bank & Trust reported 1,176 shares. Moreover, Ameriprise Fin has 0% invested in Transocean LTD (NYSE:RIG).

Transocean Inc (NYSE:RIG)'s trailing twelve month revenues are $3.41 Billion, whereas its price to sales ratio for the same period is 0.96.

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