transocean

Gabelli is out with its report today on Transocean (NYSE: RIG), maintaining Buy. In a note to clients, Gabelli writes, "We continue to recommend purchasing Transocean shares and believe the stock is attractively valued trading at 9.5x our 2012 EPS estimate and 6x our 2012 EBITDA estimate of $4.6...

Citi is out with its report on Transocean (NYSE: RIG), reiterating Buy. In a note to clients, Citi writes, "The substantial downtime increases could pose a near-term risk to earnings this quarter. We may see a repeat of the 1Q11 earnings report in which analyst estimates failed to incorporate a...

Duncan-Williams reiterated its Strong Buy rating on Transocean (NYSE: RIG). At the same time, Duncan-Williams raised its price target on the company's stock to $101.25 from $97.50 after increasing its earnings per share estimates for the next two years. In a research report published today,...

Global Hunter Securities is upgrading Transocean Ltd. (NYSE: RIG) from Reduce to Neutral. Transocean currently trades at $68.58.

Duncan Williams has upgraded its rating on Transocean (NYSE: RIG) from a Reduce to Strong Buy in a research report published today. In the report, Duncan Williams states, “With the stock trading slightly above book value of $67, trading at over a 16 percent discount to the group on a P/E basis for...

Following meetings with management, Citi is reiterating its Buy rating and $97 PT on Transocean Ltd. (NYSE: RIG). “Management is bullish on a near-term GOM recovery,” Citi writes. Of its 13 rigs in the GOM, seven are on full rate, four are on a slightly lower standby rate, and two are on a...

Gabelli & Company is lowering its 2011 and 2012 EPS estimates on shares of Transocean Ltd. (NYSE: RIG) to $5.20 and $7.10, from $5.30 and $7.45, respectively, to reflect lower projected day rates and increased downtime. Transocean closed Wednesday at $76.14.

Citi has issued a report in which they reiterate the Buy Rating of Transocean Inc. (NYSE: RIG). In the report Citi writes, "We have raised our EPS estimates slightly in 2011 and 2012 (see below). We reiterate our Buy (1H) rating and $97 price target. Potential catalysts include Petrobras...

Oppenheimer has issued a research report on Transocean Ltd. (NYSE: RIG) and is lowering EPS estimates for the company after its fleet status update. In the report, Oppenheimer writes "Extra downtime, a few idled rigs and a lower day rate reduce our EPS estimates for 2010 from $6.44 to $6.10 and for...

Shares of Transocean (NYSE: RIG) are moving higher today on speculation of a possible takeover by rival Seadrill Ltd. In an interview of Seadrill founder John Fredriksen, he states that “Transocean is reasonable these days” and “we’re looking at everything that is reasonable. We’re looking at...

Wunderlich reports on Transocean (NYSE: RIG): that "reserve and production estimates depend on many assumptions that may turn out to be inaccurate. Any material change in these figures could materially change our estimates." Wunderlich remains cautious offshore and intends to focus on oil and gas...

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