Company shares of transocean ltd. (nyse_rig) drops by -4.18% _ street edition

Transocean Ltd. (NYSE:RIG) witnessed a decline in the market cap on Friday as its shares dropped 7.94% or 0.93 points. After the session commenced at $11.56, the stock reached the higher end at $11.65 while it hit a low of $10.68. With the volume soaring to 35,964,223 shares, the last trade was called at $10.78. The company has a 52-week high of $21.9. The company has a market cap of $3,925 million and there are 364,113,960 shares in outstanding. The 52-week low of the share price is $7.665. The company shares have dropped 29.63% in the past 52 Weeks. On May 14, 2015 The shares registered one year high of $21.9 and one year low was seen on February 24, 2016 at $7.67. The 50-day moving average is $9.88 and the 200 day moving average is recorded at $12.66. S&P 500 has rallied 2.61% during the last 52-weeks.

Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Sjobring Lars, officer (SVP and General Counsel) of Transocean Ltd., had unloaded 5,324 shares at an average price of $14.4 in a transaction dated on September 23, 2015. The total value of the transaction was worth $76,666. Currently the company Insiders own 0.11% of Transocean Ltd. shares according to the proxy statements. Institutional Investors own 69.79% of Transocean Ltd. shares.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on Transocean Ltd. (NYSE:RIG). The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency raises the price target from $2 per share to $4 per share. The rating by the firm was issued on March 16, 2016.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Companys primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Companys mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis. The Company owned or had partial ownership interests in and operated 71 mobile offshore drilling units and its fleet consisted of 44 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles and drillships), 17 midwater floaters and 10 high-specification jackups.

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