Transocean Ltd. (NYSE:RIG) has a beta value of 2.49 and has seen 14,609,242 shares traded in the last trading session. The company, currently valued at $1.31 Billion, closed the last trade at $2.13 per share which meant it gained $0.09 on the day or 4.41% during that session. The RIG stock price is -241.78% off its 52-week high price of $7.28 and 64.32% 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 17.25 Million shares traded. The 3-month trading volume is 29.6 Million shares.
The consensus among analysts is that Transocean Ltd. (RIG) is a Hold stock at the moment, with a recommendation rating of 3.4. 7 analysts rate the stock as a Sell, while none rate it as Overweight. 12 out of 24 have rated it as a Hold, with 3 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.21.
Transocean Ltd. (NYSE:RIG) trade information
Sporting 4.41% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jul 28 when the RIG stock price touched $2.25-5 or saw a rise of 5.33%. Year-to-date, Transocean Ltd. shares have moved -69.04%, while the 5-day performance has seen it change -3.18%. Over the past 30 days, the shares of Transocean Ltd. (NYSE:RIG) have changed 15.76%. Short interest in the company has seen 90.76 Million shares shorted with days to cover at 3.07.
Wall Street analysts have a consensus price target for the stock at $1.82, which means that the shares’ value could jump -14.55% 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 +134.74% off the targeted high while a plunge would see the stock lose -95.31% 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 -54.19% over the past 6 months, with this year growth rate of -28.97%, compared to -11.8% 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 44.7% and 39.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.1%.
15 analysts offering their estimates for the company have set an average revenue estimate of $757.06 Million for the current quarter. 15 have an estimated revenue figure of $712.9 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $776.43 Million and $792Million respectively for this quarter and the next, and analysts expect sales will grow by -2.5% for the current quarter and -10% 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%.
Transocean Ltd. (NYSE:RIG)’s Major holders
Insiders own 5.75% of the company shares, while shares held by institutions stand at 73.89% with a share float percentage of 78.4%. Investors are also buoyed by the number of investors in a company, with Transocean Ltd. having a total of 509 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 55.94 Million shares worth more than $64.9 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 9.1% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 54.39 Million shares as of March 30, 2020. The firm’s total holdings are worth over $63.09 Million and represent 8.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of March 30, 2020, the former fund manager holds about 2.8% shares in the company for having 17231104 shares of worth $19.99 Million while later fund manager owns 15.87 Million shares of worth $20.32 Million as of April 29, 2020, which makes it owner of about 2.58% of company’s outstanding stock.