News articles about Transocean (NYSE:RIG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Transocean earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the offshore drilling services provider an impact score of 47.3887479738886 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Transocean (RIG) traded up $0.14 during trading hours on Wednesday, reaching $11.61. 10,748,147 shares of the company’s stock traded hands, compared to its average volume of 11,770,000. The stock has a market cap of $4,540.00, a P/E ratio of -1.63 and a beta of 1.79. Transocean has a 12 month low of $7.20 and a 12 month high of $15.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.13 and a current ratio of 2.36.

Transocean (NYSE:RIG) last released its quarterly earnings data on Wednesday, November 1st. The offshore drilling services provider reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $703.13 million. Transocean had a negative net margin of 84.09% and a positive return on equity of 2.10%. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. research analysts anticipate that Transocean will post -0.34 earnings per share for the current fiscal year.

RIG has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Transocean in a research report on Friday, September 22nd. UBS Group raised shares of Transocean from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $15.00 in a research report on Monday, September 25th. Nordea Equity Research reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Transocean in a research report on Saturday, September 30th. Zacks Investment Research raised shares of Transocean from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada set a $11.00 price objective on shares of Transocean and gave the stock a “hold” rating in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.28.

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About Transocean

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 on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Insider Buying and Selling by Quarter for Transocean (NYSE:RIG)

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