In the latest trading session,, 9.03 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.81. With the company’s most recent per share price at $3.93 changed hands at -$0.23 or -5.41% at last look, the market valuation stands at $3.44B. RIG’s current price is a discount, trading about -125.95% off its 52-week high of $8.88. The share price had its 52-week low at $4.07, which suggests the last value was -3.56% down since then. When we look at Transocean Ltd’s average trading volume, we note the 10-day average is 19.71 million shares, with the 3-month average coming to 18.96 million.

Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended RIG as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Transocean Ltd’s EPS for the current quarter is expected to be -0.03.

Transocean Ltd (NYSE:RIG) trade information

Instantly RIG was in red as seen in intraday trades today. With action -8.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.03%, with the 5-day performance at -8.91% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is -24.03% down. Looking at the short shares, we see there were 158.78 million shares sold at short interest cover period of 8.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5.55, meaning bulls need an upside of 29.19% from its recent market value. According to analyst projections, RIG’s forecast low is 3 with 12 as the target high. To hit the forecast high, the stock’s price needs a -205.34% plunge from its current level, while the stock would need to tank 23.66% for it to hit the projected low.

Transocean Ltd (RIG) estimates and forecasts

Data shows that the Transocean Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.53% over the past 6 months, a 80.21% in annual growth rate that is considerably higher than the industry average of -33.30%. Year-over-year growth is forecast to reach 25.90% up from the last financial year.

Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 948.01M. 11 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 990.58M. The company’s revenue for the corresponding quarters a year ago was 722.56M and 741M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.20%. The estimates for the next quarter sales put growth at 33.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.86%. The 2024 estimates are for Transocean Ltd earnings to increase by 91.83%.

Transocean Ltd (NYSE:RIG)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 18.08% of Transocean Ltd shares while 71.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.72%. There are 71.05% institutions holding the Transocean Ltd stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.9283% of the shares, roughly 73.12 million RIG shares worth $391.21 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.9186% or 64.85 million shares worth $346.96 million as of 2024-06-30.