Transocean (RIG)

• Market cap: $3.56B
• 1 day: -0.98%
• 5 days: -0.25%
• 1 month: 10.63%
• 3 months: -4.69%
• 6 months: -27.37%
• Year to date: 2.78%
• 1 year: -23.25%
• 5 years: -31.99%
• 10 years: -73.60%
• Sector: Energy
• Industry: Drilling Oil & Gas Wells

About: Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

Employees: 5,430

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 50

7% more call options, than puts

Call options by funds: $103M | Put options by funds: $96.1M

3% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 123

1% more funds holding

Funds holding: 414 [Q2] → 418 (+4) [Q3]

7.5% less ownership

Funds ownership: 76.72% [Q2] → 69.22% (-7.5%) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

48% less capital invested

Capital invested by funds: $4.97B [Q2] → $2.57B (-$2.4B) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4.50 11% upside
• Avg. target: $5.30 31% upside
• High target: $6.50 60% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Evercore ISI Group James West 50% 1-year accuracy 19 / 38 met price target	23% upside $5	In-Line Downgraded	15 Jan 2025
TD Cowen Marc Bianchi 55% 1-year accuracy 18 / 33 met price target	35% upside $5.50	Hold Maintained	8 Jan 2025
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target	11% upside $4.50	Overweight Upgraded	18 Dec 2024
JP Morgan Arun Jayaram 55% 1-year accuracy 17 / 31 met price target	23% upside $5	Neutral Upgraded	6 Dec 2024
Susquehanna Charles Minervino 39% 1-year accuracy 28 / 71 met price target	60% upside $6.50	Positive Maintained	1 Nov 2024