Key Points
- Transocean CEO Keelan Adamson sold 22,846 shares on Jan. 26 at an average price of $5.00 for $114,230, leaving him with 1,280,869 shares (about $6.4M) and a 1.75% reduction in ownership; the sale was disclosed on an SEC Form 4.
- Ongoing insider selling: Adamson executed additional recent sales — 58,687 shares on Jan. 27 ($293,435), 57,968 on Dec. 5 ($260,856), and 8,469 on Dec. 4 ($38,110.50) — indicating multiple large disposals over recent months.
- Market and analyst context: RIG opened at $4.87 (1‑year range $1.97–$5.10) with a $5.36B market cap; analysts' consensus is a "Hold" with a $4.38 target and mixed ratings from major firms.
Transocean Ltd. (NYSE:RIG - Get Free Report) CEO Keelan Adamson sold 22,846 shares of the company's stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $5.00, for a total transaction of $114,230.00. Following the completion of the sale, the chief executive officer directly owned 1,280,869 shares in the company, valued at approximately $6,404,345. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Keelan Adamson also recently made the following trade(s):
- On Tuesday, January 27th, Keelan Adamson sold 58,687 shares of Transocean stock. The stock was sold at an average price of $5.00, for a total value of $293,435.00.
- On Friday, December 5th, Keelan Adamson sold 57,968 shares of Transocean stock. The shares were sold at an average price of $4.50, for a total value of $260,856.00.
- On Thursday, December 4th, Keelan Adamson sold 8,469 shares of Transocean stock. The stock was sold at an average price of $4.50, for a total value of $38,110.50.
Transocean Stock Down 1.9%
RIG stock opened at $4.87 on Thursday. Transocean Ltd. has a 1-year low of $1.97 and a 1-year high of $5.10. The business's 50 day simple moving average is $4.27 and its 200 day simple moving average is $3.63. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5.36 billion, a PE ratio of -1.48 and a beta of 1.36.
Transocean (NYSE:RIG - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The offshore drilling services provider reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of ($1,894.00) million during the quarter, compared to analysts' expectations of $1.01 billion. Transocean had a negative net margin of 75.71% and a positive return on equity of 0.45%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Transocean
Large investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. raised its holdings in Transocean by 22,432.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider's stock valued at $26,000 after acquiring an additional 6,281 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Transocean in the fourth quarter valued at about $27,000. Benedict Financial Advisors Inc. acquired a new position in Transocean in the third quarter valued at about $31,000. Vestmark Advisory Solutions Inc. bought a new stake in Transocean during the third quarter worth about $31,000. Finally, Forteris Wealth Management Inc. acquired a new stake in Transocean during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Transocean in a report on Wednesday, December 10th. Susquehanna upped their target price on Transocean from $4.50 to $5.00 and gave the company a "positive" rating in a research report on Wednesday, January 7th. Barclays lifted their price target on Transocean from $4.00 to $4.50 and gave the stock an "overweight" rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Transocean in a report on Thursday, January 22nd. Finally, Citigroup lifted their target price on Transocean from $4.25 to $4.50 and gave the stock a "neutral" rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.38.
View Our Latest Stock Report on RIG
About Transocean
(
Get Free Report)
Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean's fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.
The company's core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.
Further Reading
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