This Is A Time To Invest In Transocean Ltd. (NYSE: RIG) – Marketing Sentinel
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This Is A Time To Invest In Transocean Ltd. (NYSE: RIG)

Transocean Ltd. (NYSE:RIG)’s traded shares stood at 12.31 million during the last session, with the company’s beta value hitting 3.53. At the close of trading, the stock’s price was $3.84, to imply an increase of 2.95% or $0.11 in intraday trading. The RIG share’s 52-week high remains $5.13, putting it -33.59% down since that peak but still an impressive 83.07% since price per share fell to its 52-week low of $0.65. The company has a valuation of $2.48B, with an average of 22.03 million shares in intraday trading volume over the past 10 days and average of 17.88 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for Transocean Ltd. (RIG), translating to a mean rating of 3.60. Of 15 analyst(s) looking at the stock, 4 analyst(s) give RIG a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 0 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.15.

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Transocean Ltd. (NYSE:RIG) trade information

After registering a 2.95% upside in the last session, Transocean Ltd. (RIG) has traded red over the past five days. The stock hit a weekly high of 4.12 this Thursday, 10/07/21, jumping 2.95% in its intraday price action. The 5-day price performance for the stock is 1.32%, and 8.78% over 30 days. With these gigs, the year-to-date price performance is 66.23%. Short interest in Transocean Ltd. (NYSE:RIG) saw shorts transact 59.1 million shares and set a 4.07 days time to cover.

Analysts on Wall Street suggest a consensus price target of $2.74, implying a decrease of -40.15% to the stock’s current value. The extremes give us $1.00 and $4.00 for target low and target high price respectively. As such, RIG has been trading -4.17% off suggested target high and 73.96% from its likely low.

Transocean Ltd. (RIG) estimates and forecasts

Looking at statistics comparing Transocean Ltd. share performance against respective industry, we note that the company has outperformed competitors. Transocean Ltd. (RIG) shares are 17.43% up over the last 6 months, with its year-to-date growth rate higher than industry average at 13.16% against 6.80%. Revenue is forecast to shrink -36.40% this quarter before jumping 52.90% for the next one. The rating firms project that company’s revenue will shrink -15.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is $654.24 million. Meanwhile, for the quarter ending Dec 2021, a total of 8 analyst(s) estimate revenue growth to $639.67 million.Earnings reports from the last fiscal year show that sales brought in $769.05 million and $690 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -14.90% before dropping -7.30% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -19.10% for the past 5-year period. While 2021 is set for a 55.00% return in earnings, projections for the next 5 years are at 4.80% annually.

RIG Dividends

Transocean Ltd. has its next earnings report out between November 01 and November 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Transocean Ltd. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Transocean Ltd. (NYSE:RIG)’s Major holders

Transocean Ltd. insiders hold 7.56% of total outstanding shares, with institutional holders owning 53.31% of the shares at 57.67% float percentage. In total, 53.31% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Jun 29, 2021, the company held over 54.17 million shares (or 8.32% of shares), all amounting to roughly $244.86 million.

The next major institution holding the largest number of shares is Primecap Management Company with 48.05 million shares, or about 7.38% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $217.16 million.

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We also have VanEck Vectors ETF Tr- Oil Services ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Transocean Ltd. (RIG) shares. Going by data provided on Jun 29, 2021, VanEck Vectors ETF Tr- Oil Services ETF holds roughly 33.44 million shares. This is just over 5.14% of the total shares, with a market valuation of $151.16 million. Data from the same date shows that the other fund manager holds a little less at 16.66 million, or 2.56% of the shares, all valued at about 75.29 million.

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