$0.76 EPS Expected for Fluor (FLR); Transocean LTD (RIG) Sentiment Is 1.04

April 24, 2018 - By Nellie Frank

Transocean Ltd. (NYSE:RIG) Logo

Transocean LTD (RIG) investors sentiment increased to 1.04 in Q4 2017. It’s up 0.09, from 0.95 in 2017Q3. The ratio has improved, as 170 hedge funds started new and increased holdings, while 164 reduced and sold their holdings in Transocean LTD. The hedge funds in our database now hold: 275.51 million shares, down from 280.42 million shares in 2017Q3. Also, the number of hedge funds holding Transocean LTD in top ten holdings decreased from 6 to 3 for a decrease of 3. Sold All: 52 Reduced: 112 Increased: 101 New Position: 69.

Analysts expect Fluor Corporation (NYSE:FLR) to report $0.76 EPS on May, 3 after the close.They anticipate $0.19 EPS change or 33.33% from last quarter’s $0.57 EPS. FLR’s profit would be $106.34M giving it 20.22 P/E if the $0.76 EPS is correct. After having $0.70 EPS previously, Fluor Corporation’s analysts see 8.57% EPS growth. The stock increased 4.95% or $2.9 during the last trading session, reaching $61.48. About 2.22 million shares traded or 70.35% up from the average. Fluor Corporation (NYSE:FLR) has risen 8.50% since April 24, 2017 and is uptrending. It has underperformed by 3.05% the S&P500.

Among 19 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. Fluor Corporation had 59 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, November 8 report. The firm earned “Buy” rating on Tuesday, August 25 by Canaccord Genuity. The firm has “Market Perform” rating given on Friday, February 19 by FBR Capital. As per Friday, November 4, the company rating was downgraded by Johnson Rice. The firm earned “Neutral” rating on Friday, November 3 by UBS. The firm has “Hold” rating given on Friday, August 4 by DA Davidson. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, February 27. The firm earned “Neutral” rating on Friday, November 4 by Macquarie Research. Canaccord Genuity maintained Fluor Corporation (NYSE:FLR) on Monday, July 31 with “Buy” rating. The firm has “Outperform” rating given on Friday, February 19 by Macquarie Research.

Since February 23, 2018, it had 0 insider buys, and 10 insider sales for $7.38 million activity. The insider De Haan Taco sold $205,089. $1.76M worth of Fluor Corporation (NYSE:FLR) was sold by HERNANDEZ CARLOS M on Friday, February 23. On Friday, March 9 the insider Chopra Robin K sold $224,350. Flowers Garry William sold $224,320 worth of stock. Shares for $1.15 million were sold by BARNARD RAY F.. Stanski Bruce A had sold 3,718 shares worth $213,547 on Tuesday, March 6. $2.84 million worth of Fluor Corporation (NYSE:FLR) was sold by Seaton David Thomas.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.02, from 0.81 in 2017Q3. It increased, as 48 investors sold Fluor Corporation shares while 150 reduced holdings. 60 funds opened positions while 104 raised stakes. 118.31 million shares or 2.82% more from 115.07 million shares in 2017Q3 were reported. D E Shaw And has invested 0.01% in Fluor Corporation (NYSE:FLR). 10,191 are held by Benjamin F Edwards. Bancshares Of Montreal Can holds 0% or 77,673 shares. United Fincl Advisers Lc reported 0% stake. Focused Wealth Mgmt reported 332 shares. Parsec Mgmt Incorporated holds 0.35% of its portfolio in Fluor Corporation (NYSE:FLR) for 99,805 shares. Daiwa Securities Grp reported 0.01% stake. Cornerstone Advisors holds 0.07% or 2,102 shares. Tower Research Cap Lc (Trc) reported 1,517 shares. Maryland-based Clearbridge Lc has invested 0.93% in Fluor Corporation (NYSE:FLR). Macquarie Group Ltd accumulated 4,400 shares. Lesa Sroufe & accumulated 58,145 shares. Artemis Inv Management Llp stated it has 0.04% in Fluor Corporation (NYSE:FLR). California Public Employees Retirement stated it has 0.03% in Fluor Corporation (NYSE:FLR). The Connecticut-based Point72 Asset Lp has invested 0.01% in Fluor Corporation (NYSE:FLR).

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company has market cap of $8.60 billion. It operates through four divisions: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Maintenance, Modification & Asset Integrity ; and Government. It has a 45.21 P/E ratio. The Energy, Chemicals & Mining segment offers a range of design, engineering, procurement, construction, fabrication, and project management services to upstream, downstream, chemical, petrochemical, offshore and onshore gas and oil production, liquefied natural gas, pipeline, and metals and mining markets.

The stock increased 1.13% or $0.14 during the last trading session, reaching $12.48. About 11.06M shares traded. Transocean Ltd. (RIG) has declined 18.26% since April 24, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on April, 30 after the close. They expect $-0.31 earnings per share, down 3,200.00% or $0.32 from last year’s $0.01 per share. After $-0.24 actual earnings per share reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts 29.17% negative EPS growth.

Ratings analysis reveals 33% of Transocean’s analysts are positive. Out of 9 Wall Street analysts rating Transocean, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $14.0 while the high is $21.0. The stock’s average target of $17.33 is 38.86% above today’s ($12.48) share price. RIG was included in 9 notes of analysts from August 25, 2016. The firm earned “Equal-Weight” rating on Wednesday, October 26 by Morgan Stanley. On Thursday, February 9 the stock rating was initiated by R. F. Lafferty with “Buy”. Piper Jaffray upgraded Transocean Ltd. (NYSE:RIG) on Wednesday, January 25 to “Neutral” rating. The firm has “Outperform” rating given on Friday, December 2 by Bernstein. The firm has “Underperform” rating given on Friday, December 16 by RBC Capital Markets. The rating was upgraded by Howard Weil to “Sector Outperform” on Tuesday, October 4. The stock of Transocean Ltd. (NYSE:RIG) has “Neutral” rating given on Thursday, August 25 by Citigroup. Credit Suisse upgraded Transocean Ltd. (NYSE:RIG) on Friday, September 23 to “Neutral” rating. The firm has “Equal Weight” rating by CapitalOne given on Tuesday, December 13.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide. The company has market cap of $5.76 billion. The firm primarily offers deepwater and harsh environment drilling services. It currently has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in, and operated 56 mobile offshore drilling units that consist of 30 ultra-deepwater floaters, 7 harsh environment floaters, 3 deepwater floaters, 6 midwater floaters, and 10 high-specification jackups.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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