Transocean Ltd. (NYSE:RIG) has a beta value of 3.62 and has seen 16,667,531 shares traded in the last trading session. The company, currently valued at $1.99 Billion, closed the last trade at $3.22 per share which meant it lost -$0.16 on the day or -4.73% during that session. The RIG stock price is -49.38% off its 52-week high price of $4.81 and 79.81% above the 52-week low of $0.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.51 Million shares traded. The 3-month trading volume is 30.54 Million shares.
The consensus among analysts is that Transocean Ltd. (RIG) is an Underweight stock at the moment, with a recommendation rating of 3.6. 5 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 13 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.18.
Transocean Ltd. (NYSE:RIG) trade information
Despite being -4.73% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the RIG stock price touched $3.53-8 or saw a rise of 8.65%. Year-to-date, Transocean Ltd. shares have moved 39.39%, while the 5-day performance has seen it change 2.55%. Over the past 30 days, the shares of Transocean Ltd. (NYSE:RIG) have changed -6.12%. Short interest in the company has seen 75.59 Million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $2.52, which means that the shares’ value could jump -21.74% from current levels. The projected low price target is $0.4 while the price target rests at a high of $5. In that case, then, we find that the current price level is +55.28% off the targeted high while a plunge would see the stock lose -87.58% from current levels.
Transocean Ltd. (RIG) estimates and forecasts
10 analysts offering their estimates for the company have set an average revenue estimate of $645.71 Million for the current quarter. 10 have an estimated revenue figure of $666.94 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $759Million and $773.02 Million respectively for this quarter and the next, and analysts expect sales will grow by -14.9% for the current quarter and -13.7% 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 -19.1% over the past 5 years. Earnings growth for 2021 is a modest +55% 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 5.77% of the company shares, while shares held by institutions stand at 49.88% with a share float percentage of 52.93%. Investors are also buoyed by the number of investors in a company, with Transocean Ltd. having a total of 366 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 55.62 Million shares worth more than $128.48 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 9.01% of shares outstanding.
The other major institutional holder is Primecap Management Company, with the holding of over 48.54 Million shares as of December 30, 2020. The firm’s total holdings are worth over $112.13 Million and represent 7.86% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 2.6% shares in the company for having 16066417 shares of worth $37.11 Million while later fund manager owns 14.18 Million shares of worth $50.35 Million as of March 30, 2021, which makes it owner of about 2.3% of company’s outstanding stock.