Transocean Ltd. (NYSE:RIG) has a beta value of 2.41 and has seen 61,988,920 shares traded in the last trading session. The company, currently valued at $1.14 Billion, closed the last trade at $1.78 per share which meant it lost -$0.1 on the day or -7.77% during that session. The RIG stock price is -308.99% off its 52-week high price of $7.28 and 57.3% above the 52-week low of $0.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.09 Million shares traded. The 3-month trading volume is 37.13 Million shares.
The consensus among analysts is that Transocean Ltd. (RIG) is a Hold stock at the moment, with a recommendation rating of 3.3. 7 analysts rate the stock as a Sell, while none rate it as Overweight. 12 out of 26 have rated it as a Hold, with 5 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.27.
Transocean Ltd. (NYSE:RIG) trade information
Despite being -7.77% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the RIG stock price touched $2.2 or saw a rise of 19.09%. Year-to-date, Transocean Ltd. shares have moved -74.13%, while the 5-day performance has seen it change -15.24%. Over the past 30 days, the shares of Transocean Ltd. (NYSE:RIG) have changed 26.24%. Short interest in the company has seen 73.89 Million shares shorted with days to cover at 1.99.
Wall Street analysts have a consensus price target for the stock at $1.92, which means that the shares’ value could jump 7.87% from current levels. The projected low price target is $0.1 while the price target rests at a high of $5. In that case, then, we find that the current price level is +180.9% off the targeted high while a plunge would see the stock lose -94.38% from current levels.
Transocean Ltd. (RIG) estimates and forecasts
Figures show that Transocean Ltd. shares have underperformed across the wider relevant industry. The company’s shares have lost -73.03% over the past 6 months, with this year growth rate of -31.03%, compared to -8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 20.6% and 39.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.7%.
16 analysts offering their estimates for the company have set an average revenue estimate of $776.77 Million for the current quarter. 16 have an estimated revenue figure of $749.27 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $758Million and $776.43 Million respectively for this quarter and the next, and analysts expect sales will grow by 2.5% for the current quarter and -3.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +16.4% over the past 5 years. Earnings growth for 2020 is a modest +49.7% while over the next 5 years, the company’s earnings are expected to increase by 4.8%.