Transocean Ltd (NYSE:RIG) has a beta value of 2.81 and has seen 18.84 million shares traded in the last trading session. The company, currently valued at $4.77B, closed the last trade at $5.82 per share which meant it lost -$0.05 on the day or -0.85% during that session. The RIG stock price is -52.58% off its 52-week high price of $8.88 and 23.54% above the 52-week low of $4.45. The 3-month trading volume is 18.51 million shares.
Transocean Ltd (NYSE:RIG) trade information
Sporting -0.85% in the red in last session, the stock has traded in the green over the last five days, when the RIG stock price touched $5.82 or saw a rise of 2.84%. Year-to-date, Transocean Ltd shares have moved -8.35%, while the 5-day performance has seen it change 0.17%. Over the past 30 days, the shares of Transocean Ltd (NYSE:RIG) have changed -7.32%.
Transocean Ltd (RIG) estimates and forecasts
Figures show that Transocean Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -13.00% over the past 6 months, with this year growth rate of 105.21%, compared to -6.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 63.20% and 80.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.80%.
14 analysts offering their estimates for the company have set an average revenue estimate of $787.04 million for the current quarter. 14 have an estimated revenue figure of $882.94 million for the next quarter concluding in Jun 2024. Year-ago sales stood $649 million and $729 million respectively for this quarter and the next, and analysts expect sales will grow by 21.30% for the current quarter and 21.10% 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 21.86% over the past 5 years.
RIG Dividends
Transocean Ltd is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
