Consumer Good Stock Revamps on Analysis Views: Transocean Ltd. (NYSE:RIG), QEP Resources, Inc. (NYSE:QEP)

Transocean Ltd. (NYSE:RIG) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 3.64% to 13.37 with around 32.35 Million shares have changed hands in this session. Finally to see some strong financial remarks by WSJ over RIG performance. Out of the pool of analysts 3 gave their BUY ratings on the stock in previous month as 5 analysts having BUY in current month. The stock was ranked as Underweight by 2 analysts while 12 analysts gave SELL rank. Majority ranked Hold from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $0.09 while one month ago this estimate trend was for $0.05. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $-0.36 and for the one month was for $-0.55 as compared to three months ago was for $-0.35. Whereas, RIG received highest price target of 14 and low target of 6. The stock price target chart showed average price target of 9.73 as compared to current price of 13.37.

The stock is going forward its fifty-two week low with 74.32% and lagging behind from its 52-week high price with -7.79%. Similar, the positive performance for the quarter recorded as 40% and for the year was -3.33%, while the YTD performance remained at 8%. RIG has Average True Range for 14 days of 0.65.

QEP Resources, Inc. (NYSE:QEP) [Trend Analysis] retains strong position in active trade, as shares scoring -0.41% to $19.58 in active trade session, while looking at the shares volume, around 4.72 Million shares have changed hands in this session.

Finally, analysts shed their light over the QEP price targets; maintaining price high target of 34 while at average the price target was 25 in contrast with the current price of 19.58. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 12 analysts recommending BUY ratings for current month and for previous month 12 stands on similar situation; while 6 for the current month as compared to 6 analysts recommending for HOLD from the pool for previous month. While 2 stands at overweight and 0 out of pool consider it as Sell for current month. For the overall, consensus ratings were for Overweight.

The firm has institutional ownership of 92.60%, while insider ownership included 0.60%. QEP attains analyst recommendation of 2.20 with week’s performance of 5.55%. Investors looking further ahead will note that the Price to next year’s EPS is 50.40%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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