In recent trading session, Transocean Ltd (NYSE:RIG) saw 7.2 million shares changing hands at last check today with its beta currently measuring 2.83. Company’s recent per share price level of $5.20 trading at $0.15 or 3.07% at last check today assigns it a market valuation of $4.56B. That most recent trading price of RIG’s stock is at a discount of -70.77% from its 52-week high price of $8.88 and is indicating a premium of 14.42% from its 52-week low price of $4.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.85 million shares which gives us an average trading volume of 18.03 million if we extend that period to 3-months.
For Transocean Ltd (RIG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.15. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.04 in the current quarter.
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Transocean Ltd (NYSE:RIG) trade information
Upright in the green today for gaining 3.07%, in the last five days RIG remained trading in the red while hitting it’s week-highest on Friday, 08/09/24 when the stock touched $5.20 price level, adding 2.26% to its value on the day. Transocean Ltd’s shares saw a change of -18.03% in year-to-date performance and have moved -1.42% in past 5-day. Transocean Ltd (NYSE:RIG) showed a performance of -6.89% in past 30-days. Number of shares sold short was 161.46 million shares which calculate 10.32 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.6 to the stock, which implies a rise of 7.14% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 42.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 42.31% for stock’s current value.
Transocean Ltd (RIG) estimates and forecasts
Statistics highlight that Transocean Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 0.68% of value to its shares in past 6 months, showing an annual growth rate of 89.58% while that of industry is -37.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.90% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 948.01M for the same. And 11 analysts are in estimates of company making revenue of 990.58M in the next quarter. Company posted 722.56M and 741M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 21.86% during past 5 years.
Transocean Ltd (NYSE:RIG)’s Major holders
Insiders are in possession of 18.08% of company’s total shares while institution are holding 73.05 percent of that, with stock having share float percentage of 89.18%. Investors also watch the number of corporate investors in a company very closely, which is 73.05% institutions for Transocean Ltd that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RIG for having 68.98 million shares of worth $433.21 million. And as of 2024-03-31, it was holding 8.5265 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 55.74 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.8902 of outstanding shares, having a total worth of $350.07 million.
On the other hand, New Economy Fund (The) and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 23.45 shares of worth $121.81 million or 2.68% of the total outstanding shares. The later fund manager was in possession of 23.35 shares on Mar 31, 2024, making its stake of worth around $121.28 million in the company or a holder of 2.67% of company’s stock.
