During the last session, Transocean Ltd. (NYSE:RIG)’s traded shares were 8,880,042, with the beta value of the company hitting 3.71. At the end of the trading day, the stock’s price was $3.43, reflecting an intraday loss of -0.58% or -$0.02. The 52-week high for the RIG share is $4.81, that puts it down -40.23% from that peak though still a striking +81.05% gain since the share price plummeted to a 52-week low of $0.65. The company’s market capitalization is $2.19 Billion, and the average intraday trading volume over the past 10 days was 12.51 Million shares, and the average trade volume was 30.54 Million shares over the past three months.
Transocean Ltd. (RIG) received a consensus recommendation of Underweight from analysts. That translates to a mean rating of 3.6. RIG has a Sell rating from 5 analyst(s) out of 14 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.17.
Transocean Ltd. (NYSE:RIG): Trading Information
The consensus price target of analysts on Wall Street is $2.29, which implies a decline of -33.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.4 and $5 respectively. As a result, RIG is trading at a discount of 45.77% off the target high and -88.34% off the low.
Transocean Ltd. (RIG) projections and forecasts
Revenue for the current quarter is expected to be $645.71 Million as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $667.68 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $759Million and $773.02 Million respectively. In this case, analysts expect current quarter sales to lessen by -14.9% and then fell by -13.6% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -19.1%. While earnings are projected to return 55% in 2021, the next five years will return 4.8% per annum.
Transocean Ltd. (NYSE:RIG)’s Biggest Investors
Transocean Ltd. insiders own 5.8% of total outstanding shares while institutional holders control 49.95%, with the float percentage being 53.03%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 365 institutions own stock in it. As of Dec 30, 2020, the company held over 55.62 Million shares (or 9.03% of all shares), a total value of $128.48 Million in shares.
The next largest institutional holding, with 48.54 Million shares, is of Primecap Management Company’s that is approximately 7.88% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $112.13 Million.
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Also, the Mutual Funds coming in first place with the largest holdings of Transocean Ltd. (RIG) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 16,066,417 shares. This amounts to just over 2.61 percent of the company’s overall shares, with a $37.11 Million market value. The same data shows that the other fund manager holds slightly less at 14.27 Million, or about 2.32% of the stock, which is worth about $49.52 Million.