RIA Advisory Group LLC Invests $95,000 in Transocean Ltd. (NYSE:RIG)

RIA Advisory Group LLC acquired a new stake in Transocean Ltd. (NYSE:RIG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 15,000 shares of the offshore drilling services provider’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. raised its holdings in Transocean by 949.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 126,006 shares of the offshore drilling services provider’s stock valued at $1,035,000 after buying an additional 114,000 shares during the period. Lisanti Capital Growth LLC grew its position in Transocean by 299.9% in the 3rd quarter. Lisanti Capital Growth LLC now owns 1,770,822 shares of the offshore drilling services provider’s stock valued at $14,538,000 after acquiring an additional 1,328,032 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Transocean by 180.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,535 shares of the offshore drilling services provider’s stock valued at $267,000 after acquiring an additional 20,935 shares in the last quarter. Hosking Partners LLP grew its position in Transocean by 342.7% in the 3rd quarter. Hosking Partners LLP now owns 1,112,543 shares of the offshore drilling services provider’s stock valued at $9,134,000 after acquiring an additional 861,209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Transocean by 16.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider’s stock valued at $118,000 after acquiring an additional 2,000 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Transocean Price Performance

Shares of RIG opened at $5.67 on Friday. The stock has a 50 day moving average price of $5.64 and a 200 day moving average price of $6.08. The company has a quick ratio of 1.22, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. Transocean Ltd. has a 52-week low of $4.45 and a 52-week high of $8.88.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.12. Transocean had a negative return on equity of 7.13% and a negative net margin of 33.69%. The firm had revenue of $741.00 million during the quarter, compared to the consensus estimate of $779.17 million. During the same period in the prior year, the company posted ($0.49) earnings per share. Equities analysts predict that Transocean Ltd. will post 0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on RIG shares. Susquehanna raised Transocean from a “neutral” rating to a “positive” rating and lifted their target price for the company from $5.50 to $9.00 in a research report on Monday, April 8th. Morgan Stanley lowered their price objective on Transocean from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Citigroup lowered their price objective on Transocean from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Barclays lowered their price objective on Transocean from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Finally, StockNews.com raised Transocean to a “sell” rating in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.22.

About Transocean

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.