During the last session, Transocean Ltd (NYSE:RIG)’s traded shares were 18.96 million, with the beta value of the company hitting 2.79. At the end of the trading day, the stock’s price was $3.98, reflecting an intraday gain of 1.53% or $0.06. The 52-week high for the RIG share is $7.05, that puts it down -77.14 from that peak though still a striking 3.27% gain since the share price plummeted to a 52-week low of $3.85. The company’s market capitalization is $3.48B, and the average intraday trading volume over the past 10 days was 17.04 million shares, and the average trade volume was 19.34 million shares over the past three months.
Transocean Ltd (RIG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.63. RIG has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Transocean Ltd (NYSE:RIG) trade information
Transocean Ltd (RIG) registered a 1.53% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.53% in intraday trading to $3.98, hitting a weekly high. The stock’s 5-day price performance is -3.16%, and it has moved by -9.34% in 30 days. Based on these gigs, the overall price performance for the year is -39.97%. The short interest in Transocean Ltd (NYSE:RIG) is 149.67 million shares and it means that shorts have 7.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.5, which implies an increase of 27.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $12 respectively. As a result, RIG is trading at a discount of -201.51% off the target high and 24.62% off the low.
Transocean Ltd (RIG) estimates and forecasts
Statistics show that Transocean Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Transocean Ltd (RIG) shares have gone down -24.48% during the last six months, with a year-to-date growth rate more than the industry average at 82.29% against -31.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 88.90% this quarter and then jump 144.40% in the quarter after that. In the rating firms’ projections, revenue will increase 25.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 943.83M as predicted by 14 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 983.43M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 722.56M and 741M respectively. In this case, analysts expect current quarter sales to grow by 30.60% and then jump by 32.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.86%. While earnings are projected to return 87.30% in 2024.
RIG Dividends
Transocean Ltd is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Transocean Ltd (NYSE:RIG)’s Major holders
Transocean Ltd insiders own 16.66% of total outstanding shares while institutional holders control 75.93%, with the float percentage being 91.10%. VANGUARD GROUP INC is the largest shareholder of the company, while 537.0 institutions own stock in it. As of 2024-06-30, the company held over 73.12 million shares (or 8.9283% of all shares), a total value of $391.21 million in shares.
The next largest institutional holding, with 64.85 million shares, is of BLACKROCK INC.’s that is approximately 7.9186% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $346.96 million.
