Large Outflow of Money Witnessed in Transocean Ltd.

Transocean Ltd. (RIG) surged 0.5% during the last session. The last traded price was up 0.07 points at $14.04. The data for the fund flow suggests that the net intraday money flow was $(-2.48) million. The fund value in upticks was recorded to be $3.52 million and in downticks, it was found to be $6 million. The up/down ratio for the day was measured to be 0.59. For the week, the shares have seen a percentage change of -5.77%.A block trade of $(-2.37) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.28 million and that of downticks was $2.65 million. The block tradeoff had the up/down ratio of 0.11.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Transocean Ltd. has lost 8.56% in the last five trading days and dropped 5.09% in the last 4 weeks. Transocean Ltd. is up 45.58% in the last 3-month period. Year-to-Date the stock performance stands at -5.09%. Transocean Ltd. (NYSE:RIG) rose 0.14% or 0.02 points on Wednesday and made its way into the gainers of the day. After trading began at $14.08 the stock was seen hitting $14.25 as a peak level and $13.7338 as the lowest level. The stock ended up at $13.99. The daily volume was measured at 12,275,565 shares. The 52-week high of the share price is $16.66 and the 52-week low is $7.665. The company has a market cap of $5,446 million.

Company has reported several Insider transactions to the SEC, on Sep 23, 2015, Lars Sjobring (SVP and General Counsel) sold 5,324 shares at 14.40 per share price.On Sep 3, 2015, Vanessa C L Chang (director) purchased 1,500 shares at 13.50 per share price.

Transocean LTD Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $0.14. The company had revenue of $903.00 million for the quarter, compared to analysts expectations of $863.07 million. The companys revenue was down -43.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Transocean LTD was Upgraded by Piper Jaffray to Neutral on Jan 25, 2017. Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Underperform, Raises Price Target to $ 17 from a previous price target of $11 .Transocean LTD was Upgraded by CapitalOne to Equal Weight on Dec 13, 2016. Transocean LTD was Initiated by Bernstein to Outperform on Dec 2, 2016.

Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. 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. The company is based in Houston, Texas.


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