Exclusive: What’s Transocean Partners LLC Upside After Today’s Significant Increase?

Exclusive: What's Transocean Partners LLC Upside After Today's Significant Increase?

The stock of Transocean Partners LLC (NYSE:RIGP) is a huge mover today! About 878,812 shares traded hands or 99.42% up from the average. Transocean Partners LLC (NYSE:RIGP) has risen 11.14% since April 27, 2016 and is uptrending. It has outperformed by 5.91% the S&P500.
The move comes after 9 months positive chart setup for the $1.01 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.44 PT which if reached, will make NYSE:RIGP worth $80.80M more.

Transocean Partners LLC (NYSE:RIGP) Ratings Coverage

Out of 3 analysts covering Transocean Partners LLC (NYSE:RIGP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Transocean Partners LLC has been the topic of 4 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The company was initiated on Friday, January 15 by Sidoti. The firm earned “Neutral” rating on Monday, July 11 by Citigroup. The firm has “Equal-Weight” rating given on Tuesday, July 26 by Morgan Stanley.

According to Zacks Investment Research, “Transocean Partners LLC owns, operates and acquires modern, technologically advanced offshore drilling rigs. The Company drills for oil and gas in the United States Gulf of Mexico. Its fleet consists of ultra-deepwater drillships and ultra-deepwater semisubmersible rig. Transocean Partners LLC is based in Aberdeen, the United Kingdom.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.26, from 1.22 in 2016Q1. The ratio worsened, as 6 funds sold all Transocean Partners LLC shares owned while 17 reduced positions. 8 funds bought stakes while 20 increased positions. They now own 9.82 million shares or 10.31% less from 10.95 million shares in 2016Q1.
The Illinois-based Citadel Advisors Limited Liability Company has invested 0% in Transocean Partners LLC (NYSE:RIGP). Renaissance Technology Lc accumulated 32,600 shares or 0% of the stock. Jpmorgan Chase And Company accumulated 0% or 30,534 shares. Teacher Retirement System Of Texas last reported 2,894 shares in the company. Wells Fargo Co Mn has 0% invested in the company for 9,162 shares. Susquehanna Intll Gru Llp last reported 48,406 shares in the company. The Tennessee-based State Of Tennessee Treasury Department has invested 0.02% in Transocean Partners LLC (NYSE:RIGP). Moreover, Blackrock Institutional Tru Na has 0% invested in Transocean Partners LLC (NYSE:RIGP) for 72,287 shares. Royal Bancorp Of Canada has 1,637 shares for 0% of their US portfolio. Adage Capital Grp Inc Limited Liability Com accumulated 0.12% or 3.43 million shares. Bancorp Of America De holds 46,472 shares or 0% of its portfolio. Citigroup has invested 0% of its portfolio in Transocean Partners LLC (NYSE:RIGP). Salient Cap Lc owns 70,761 shares or 0.02% of their US portfolio. Eagle Advsrs Lc holds 41,900 shares or 0.02% of its portfolio. Walleye Trading Ltd Liability Company last reported 8,000 shares in the company.

More notable recent Transocean Partners LLC (NYSE:RIGP) news were published by: Fool.com which released: “Transocean Partners LLC Soars on Buyout” on August 01, 2016, also Globenewswire.com with their article: “Transocean Ltd. Increases Consideration for Acquisition of Transocean Partners LLC” published on November 21, 2016, Globenewswire.com published: “Transocean Partners LLC Announces Adjournment of Special Meeting until …” on November 16, 2016. More interesting news about Transocean Partners LLC (NYSE:RIGP) were released by: Nasdaq.com and their article: “Transocean Partners LLC (RIGP) Ex-Dividend Date Scheduled for November 09, 2016” published on November 08, 2016 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: ExxonMobil, BP, Transocean, Transocean …” with publication date: November 30, 2016.

RIGP Company Profile

Transocean Partners LLC, incorporated on February 6, 2014, is a limited liability company. The Firm is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. (Transocean), to own, operate and acquire advanced offshore drilling rigs. The Company’s assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S. Gulf of Mexico (RigCo and collectively, the RigCos). The Firm generates revenue through contract drilling services, which involves contracting its mobile offshore drilling fleet, related equipment and work crews on a day-rate basis to large international energy companies to drill gas and oil wells.

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