In last trading session, Transocean Ltd (NYSE:RIG) saw 12.39 million shares changing hands with its beta currently measuring 2.79. Company’s recent per share price level of $4.24 trading at -$0.02 or -0.47% at ring of the bell on the day assigns it a market valuation of $3.71B. That closing price of RIG’s stock is at a discount of -79.95% from its 52-week high price of $7.63 and is indicating a premium of 9.2% from its 52-week low price of $3.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.54 million shares which gives us an average trading volume of 19.19 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 2.53. 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.

Transocean Ltd (NYSE:RIG) trade information

Upright in the red during last session for losing -0.47%, in the last five days RIG remained trading in the red while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $4.24 price level, adding 1.17% to its value on the day. Transocean Ltd’s shares saw a change of -33.23% in year-to-date performance and have moved -1.40% in past 5-day. Transocean Ltd (NYSE:RIG) showed a performance of -6.61% in past 30-days. Number of shares sold short was 159.76 million shares which calculate 6.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.5 to the stock, which implies a rise of 22.91% to its current value. 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 29.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.25% 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 lost -25.22% of value to its shares in past 6 months, showing an annual growth rate of 82.29% while that of industry is -30.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.30% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 943.83M for the same. And 13 analysts are in estimates of company making revenue of 983.43M 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 16.66% of company’s total shares while institution are holding 76.60 percent of that, with stock having share float percentage of 91.91%. Investors also watch the number of corporate investors in a company very closely, which is 76.60% institutions for Transocean Ltd that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RIG for having 73.12 million shares of worth $391.21 million. And as of 2024-06-30, it was holding 8.9283 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 64.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.9186 of outstanding shares, having a total worth of $346.96 million.