Analysts See $0.00 EPS for AeroCentury Corp. (ACY); Transocean Limited (RIG) Shorts Lowered By 13.55%

May 10, 2017 - By Stephen Andrade

Analysts expect AeroCentury Corp. (NYSEMKT:ACY) to report $0.00 EPS on May, 24. It is down 2.65% since October 3, 2016 and is uptrending. It has underperformed by 8.26% the S&P500.

Transocean Limited (NYSE:RIG) had a decrease of 13.55% in short interest. RIG’s SI was 65.33 million shares in May as released by FINRA. Its down 13.55% from 75.57M shares previously. With 11.90 million avg volume, 6 days are for Transocean Limited (NYSE:RIG)’s short sellers to cover RIG’s short positions. The SI to Transocean Limited’s float is 17.89%. About 2.27 million shares traded. Transocean LTD (NYSE:RIG) has risen 11.27% since October 3, 2016 and is uptrending. It has outperformed by 0.36% the S&P500.

Transocean Ltd. is an international well-known provider of offshore contract drilling services for gas and oil wells. The company has market cap of $4.32 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 6.88 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 decreased to 0.95 in Q4 2016. Its down 0.21, from 1.16 in 2016Q3. It dived, 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. Dekabank Deutsche Girozentrale has invested 0.02% in Transocean LTD (NYSE:RIG). The Wisconsin-based State Of Wisconsin Invest Board has invested 0.01% in Transocean LTD (NYSE:RIG). Voya Mgmt Ltd Liability accumulated 239,195 shares. 3.38 million are held by Guggenheim Cap Ltd Liability. Fuller Thaler Asset Mgmt reported 5,000 shares. Trust Company Of Vermont holds 499 shares or 0% of its portfolio. Moreover, Hancock has 0.12% invested in Transocean LTD (NYSE:RIG). Moreover, Asset Management Inc has 0.02% invested in Transocean LTD (NYSE:RIG). Gotham Asset Ltd invested 0% in Transocean LTD (NYSE:RIG). New York-based Oppenheimer And has invested 0.02% in Transocean LTD (NYSE:RIG). Allianz Asset Mgmt Ag has invested 0.01% in Transocean LTD (NYSE:RIG). Federated Invsts Pa holds 0% or 6,882 shares in its portfolio. Vertex One Asset Management Inc reported 202,800 shares. Commonwealth Equity has 133,784 shares for 0.01% of their portfolio. State Common Retirement Fund holds 0.02% of its portfolio in Transocean LTD (NYSE:RIG) for 738,900 shares.

Among 31 analysts covering Transocean Ltd (NYSE:RIG), 10 have Buy rating, 8 Sell and 13 Hold. Therefore 32% are positive. Transocean Ltd had 66 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Transocean LTD (NYSE:RIG) on Friday, December 16 to “Underperform” rating. The rating was upgraded by Citigroup to “Neutral” on Thursday, August 25. The company was downgraded on Wednesday, October 14 by Seaport Global Securities. The firm has “Hold” rating by Zacks given on Tuesday, August 25. As per Wednesday, January 25, the company rating was upgraded by Piper Jaffray. Canaccord Genuity upgraded Transocean LTD (NYSE:RIG) on Thursday, September 15 to “Hold” rating. The rating was maintained by Citigroup on Monday, May 16 with “Sell”. Jefferies upgraded it to “Underperform” rating and $13 target in Monday, August 10 report. The stock of Transocean LTD (NYSE:RIG) earned “Equal Weight” rating by CapitalOne on Tuesday, December 13. On Wednesday, March 16 the stock rating was maintained by Citigroup with “Sell”.

AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The company has market cap of $15.20 million. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. It has a 12.44 P/E ratio. The business of the Company is managed by JetFleet Management Corp. , an integrated aircraft management, marketing and financing business.