Economy

Research Ratings: Transocean Ltd. (RIG), IAMGOLD Corporation (IAG)

NBN's SI was 289,800 shares in October as released by FINRA. About 8.86M shares traded. With 1.64 million avg volume, 2 days are for Kemet Corporation (NYSE:KEM)'s short sellers to cover KEM's short positions. 500.com Ltd (NYSE:WBAI) has declined 43.18% since October 13, 2016 and is downtrending. It has outperformed by 48.51% the S&P500. The correct version of this piece of content can be accessed at https://www.truebluetribune.com/2017/10/13/public-sector-pension-investment-board-has-350000-holdings-in-transocean-ltd-rig.html. Therefore 37% are positive. Transocean Ltd has $21 highest and $2 lowest target.

The stock received analysts' mean target price of $11.00. Transocean Ltd had 88 analyst reports since August 7, 2015 according to SRatingsIntel.

The company will conduct a teleconference starting at 9 a.m. EDT, 2 p.m. CET, on Thursday, November 2, 2017, to discuss the results. The stock of Transocean LTD (NYSE:RIG) earned "Sell" rating by Citigroup on Monday, May 16. On Friday, December 16 the stock rating was downgraded by RBC Capital Markets to "Underperform".

Transocean Ltd. (NYSE:RIG) closed its last session at $10.61. The firm has "Hold" rating given on Tuesday, August 25 by Zacks. The current consensus recommendation provided by covering analysts is 3.00.

Investors sentiment increased to 5.22 in Q2 2017.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 71.8 Percent. 30 funds opened positions while 17 raised stakes. 260.14 million shares or 5.99% more from 245.44 million shares in 2017Q1 were reported. Gargoyle Invest Advisor Ltd Llc has invested 0.19% in Transocean LTD (NYSE:RIG). The share price was last seen 0.1% higher, reaching at $10.52 on October 10, 2017. The firm owned 42,584 shares of the offshore drilling services provider's stock after selling 44,400 shares during the quarter. Scout Inc owns 33,441 shares or 0.35% of their USA portfolio. Ameriprise Financial, Minnesota-based fund reported 199,432 shares. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. In the case of RIG, the data has a lot to say about how the stock might perform going forward. Moreover, Luminus Mgmt has 0.64% invested in Transocean LTD (NYSE:RIG). The company reported the estimated EPS by analysts was $-0.09/share.

Several brokerages have recently issued reports on RIG. The ERP5 of Transocean Ltd. (NYSE:RIG) is 2345.

The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. For the past 5 years, the company's revenue has grown -10%, while the company's earnings per share has grown -34.6%. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. It now has negative earnings. They expect $7.18 EPS, down 12.65% or $1.04 from last year's $8.22 per share. About 54,548 shares traded. The stock of Transocean LTD (NYSE:RIG) has "Neutral" rating given on Wednesday, August 9 by Goldman Sachs. It has underperformed by 0.84% the S&P500. Overall, 15.37 Million shares exchanged hands versus its average trading volume of 17.06 Million shares. It worsened, as 14 investors sold UHAL shares while 74 reduced holdings. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. Therefore 50% are positive. The rating was maintained by Stifel Nicolaus on Wednesday, October 4 with "Hold". The firm has "Underweight" rating by Barclays Capital given on Monday, March 28. The institutional investor held 1,415 shares of the rental and leasing company at the end of 2017Q2, valued at $518,000, down from 2,807 at the end of the previous reported quarter.

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