Published: Mon, March 20, 2017
Economy | By Annette Adams

Borr Drilling Acquires Transocean's Shallow-Water Rigs For $1.4 Billion


Session activity on Transocean Ltd.(NYSE:RIG) stock is placing it on today's most active list. According to their observations and findings, the stock could provide a high EPS of $0.05/share and a Low EPS of $-0.2/share.

Other analysts also recently issued research reports about the company.

Transocean Ltd. (NYSE:RIG)'s growth estimate is -110.1 percent for the current quarter. All of the computations are extremely subjective and, as an outcome, there exists a wide range of price targets for stock. Out of 0 brokerage recommendations, 0 gave a Strong Buy, 0 issued a Buy, 0 issued Hold, 0 rated Under-perform and 0 issued a Sell. Morgan Stanley downgraded Transocean LTD from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $13.94 to $13.99 in a research note on Thursday, February 2nd. The growth estimate for the next quarter is -147.1 percent. During the twelve month it added 6.49% and year to date performance of -15.40%. While some analysts have a High Price target for the stock of $24 and a Low Price Target of $8.

Still, analysts seem to like the deal, particularly Evercore ISI's James West and team, who write that they would be "aggressive buyers of Transocean". Beta of Transocean Ltd. (NYSE:RIG) is 1.75 while company weekly performance is 1.71%. For the current estimate trends of EPS, pool recommendation was $-0.07 and for one month was $-0.03. Transocean LTD had a return on equity of 6.80% and a net margin of 23.14%. The Average Volume of the company is 12.54 Million and P/E (price to earnings) ratio is 5.88, while Forward P/E ratio is 0. The Relative Volume value measured for Transocean Ltd. (RIG) is 0.94. Public Employees Retirement Association of Colorado boosted its stake in Transocean LTD by 0.4% in the third quarter. Arizona State Retirement System increased its position in Transocean LTD by 0.5% in the third quarter. Municipal Employees Retirement System of MI now owns 20,630 shares of the offshore drilling services provider's stock valued at $220,000 after buying an additional 70 shares in the last quarter. Norinchukin Bank The now owns 18,389 shares of the offshore drilling services provider's stock valued at $196,000 after buying an additional 383 shares in the last quarter.

"We are building a platform with modern equipment, an experienced management team and a robust capital structure in order to be able to capitalise on the opportunities that will arise in this market environment", Borr said in a statement last December upon listing its shares to the Norwegian OTC market.

Transocean Ltd.is an worldwide provider of offshore contract drilling services for oil and gas wells. The company also has four ultra-deepwater drillships under construction or under contract to be constructed.

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