Transocean Ltd (RIG) Had Its Target Price per Share Decreased by 7.69% at Morgan Stanley to $12.00; Tanaka Capital Management Has Cut Its Tesla Motors (TSLA) Holding

June 19, 2017 - By Peter Erickson

Among 32 analysts covering Transocean Ltd (NYSE:RIG), 10 have Buy rating, 9 Sell and 13 Hold. Therefore 31% are positive. Transocean Ltd has $21 highest and $2 lowest target. $12.13’s average target is 40.72% above currents $8.62 stock price. Transocean Ltd had 68 analyst reports since August 7, 2015 according to SRatingsIntel. Tudor Pickering initiated the shares of RIG in report on Friday, March 24 with “Hold” rating. The rating was maintained by Jefferies on Wednesday, April 12 with “Hold”. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 3. The stock of Transocean LTD (NYSE:RIG) earned “Sector Outperform” rating by Howard Weil on Tuesday, October 4. The firm has “Neutral” rating by Citigroup given on Thursday, August 25. PiperJaffray upgraded Transocean LTD (NYSE:RIG) on Wednesday, January 25 to “Neutral” rating. On Friday, August 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Friday, May 13 the stock rating was upgraded by Seaport Global to “Neutral”. Piper Jaffray upgraded the shares of RIG in report on Wednesday, January 25 to “Neutral” rating. The firm earned “Buy” rating on Thursday, March 23 by Scotia Capital.

Tanaka Capital Management Inc decreased Tesla Motors Inc. (TSLA) stake by 60.9% reported in 2016Q4 SEC filing. Tanaka Capital Management Inc sold 11,434 shares as Tesla Motors Inc. (TSLA)’s stock rose 14.18%. The Tanaka Capital Management Inc holds 7,342 shares with $1.57M value, down from 18,776 last quarter. Tesla Motors Inc. now has $60.37B valuation. The stock decreased 1.05% or $3.94 during the last trading session, reaching $371.4. About 3,636 shares traded. Tesla Inc (NASDAQ:TSLA) has risen 44.43% since June 19, 2016 and is uptrending. It has outperformed by 27.73% the S&P500.

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.21, from 1.16 in 2016Q3. It turned negative, as 72 investors sold Transocean LTD shares while 120 reduced holdings. 66 funds opened positions while 116 raised stakes. 242.80 million shares or 0.47% more from 241.66 million shares in 2016Q3 were reported. Blackrock Ltd stated it has 2.23M shares. Lee Danner & Bass stated it has 0.02% of its portfolio in Transocean LTD (NYSE:RIG). Manufacturers Life Insurance The owns 400,001 shares or 0.01% of their US portfolio. 2.59 million were accumulated by Penn. Pomelo Limited Liability owns 0.05% invested in Transocean LTD (NYSE:RIG) for 75,000 shares. Horizon Kinetics Limited Liability reported 31,451 shares or 0.01% of all its holdings. State Street holds 0.03% or 19.71M shares. Federated Investors Pa holds 0% or 6,882 shares. Dumont And Blake Inv Advsrs Limited Liability holds 0.07% in Transocean LTD (NYSE:RIG) or 10,561 shares. Lpl Ltd Co stated it has 0% of its portfolio in Transocean LTD (NYSE:RIG). 18,458 were accumulated by Diligent Limited Liability. Tiaa Cref Invest Mngmt Limited Liability Corporation has 0.01% invested in Transocean LTD (NYSE:RIG) for 1.09M shares. Rhumbline Advisers stated it has 0.02% in Transocean LTD (NYSE:RIG). Wellington Management Gp Llp invested in 0.02% or 4.27 million shares. Ubs Asset Mgmt Americas reported 729,221 shares.

The stock increased 0.70% or $0.06 on June 16, reaching $8.62. About shares traded. Transocean LTD (NYSE:RIG) has risen 15.86% since June 19, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

Analysts await Transocean LTD (NYSE:RIG) to report earnings on August, 2. They expect $-0.11 earnings per share, down 164.71% or $0.28 from last year’s $0.17 per share. After $0.01 actual earnings per share reported by Transocean LTD for the previous quarter, Wall Street now forecasts -1,200.00% negative EPS growth.

Transocean Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has market cap of $3.39 billion. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill gas and oil wells. It has a 5.28 P/E ratio. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Investors sentiment increased to 1.68 in 2016 Q4. Its up 0.83, from 0.85 in 2016Q3. It improved, as 74 investors sold TSLA shares while 105 reduced holdings. 82 funds opened positions while 219 raised stakes. 100.51 million shares or 11.10% more from 90.47 million shares in 2016Q3 were reported. Moreover, J&P(China)Capital Management Coltd has 78.14% invested in Tesla Inc (NASDAQ:TSLA) for 1.22M shares. First Finance In owns 50 shares. Pacific Global Investment Management reported 1,005 shares. Suntrust Banks owns 12,973 shares for 0.02% of their portfolio. Tower Limited Co (Trc) stated it has 1,698 shares or 0.04% of all its holdings. Moreover, Gilder Gagnon Howe Communication Limited Company has 2.99% invested in Tesla Inc (NASDAQ:TSLA). 1,508 were reported by Lombard Odier Asset Mgmt (Europe) Ltd. Calamos Advsrs Limited Com has invested 0.01% of its portfolio in Tesla Inc (NASDAQ:TSLA). Financial Architects Inc stated it has 0.03% of its portfolio in Tesla Inc (NASDAQ:TSLA). Goldman Sachs Grp Inc Inc reported 686,311 shares. Brown Brothers Harriman And invested 0% in Tesla Inc (NASDAQ:TSLA). Hsbc Public Ltd Co owns 54,999 shares for 0.03% of their portfolio. Whittier Com Of Nevada reported 9,321 shares stake. Management Professionals Inc reported 586 shares stake. Teacher Retirement System Of Texas owns 1,356 shares.

Analysts await Tesla Inc (NASDAQ:TSLA) to report earnings on August, 2. They expect $-0.66 earnings per share, up 57.14% or $0.88 from last year’s $-1.54 per share. After $-1.97 actual earnings per share reported by Tesla Inc for the previous quarter, Wall Street now forecasts -66.50% EPS growth.

Since January 3, 2017, it had 1 insider purchase, and 14 insider sales for $24.49 million activity. Musk Kimbal had sold 2,500 shares worth $715,712. 500 shares were sold by FIELD JOHN DOUGLAS, worth $129,176 on Thursday, February 23. The insider Gracias Antonio J. sold 5,600 shares worth $1.42M. On Monday, May 8 the insider DENHOLM ROBYN M sold $6.24M. Straubel Jeffrey B sold $33.58 million worth of stock. Shares for $25.00M were bought by Musk Elon.

Among 24 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 10 have Buy rating, 4 Sell and 10 Hold. Therefore 42% are positive. Tesla Motors Inc had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of TSLA in report on Tuesday, February 9 with “Underweight” rating. As per Friday, June 24, the company rating was upgraded by Standpoint Research. Morgan Stanley upgraded the shares of TSLA in report on Thursday, January 19 to “Overweight” rating. The company was downgraded on Tuesday, June 28 by Argus Research. The stock of Tesla Inc (NASDAQ:TSLA) has “Buy” rating given on Monday, August 24 by Vetr. On Tuesday, April 5 the stock rating was maintained by Credit Suisse with “Outperform”. Goldman Sachs downgraded it to “Sell” rating and $185 target in Monday, February 27 report. The company was downgraded on Wednesday, October 7 by Robert W. Baird. JMP Securities initiated Tesla Inc (NASDAQ:TSLA) on Monday, December 14 with “Market Perform” rating. The firm earned “Hold” rating on Tuesday, August 4 by Deutsche Bank.

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