During the recent session, Transocean Ltd (NYSE:RIG)’s traded shares were 2.9 million, with the beta value of the company hitting 2.71. At the last check today, the stock’s price was $3.94, reflecting an intraday loss of -0.27% or -$0.01. The 52-week high for the RIG share is $6.88, that puts it down -74.62 from that peak though still a striking 13.71% gain since the share price plummeted to a 52-week low of $3.40. The company’s market capitalization is $3.45B, and the average intraday trading volume over the past 10 days was 23.76 million shares, and the average trade volume was 19.91 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 2.50. 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 -0.0.
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Transocean Ltd (NYSE:RIG) trade information
Transocean Ltd (RIG) registered a -0.27% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.27% in intraday trading to $3.94, hitting a weekly high. The stock’s 5-day price performance is 10.34%, and it has moved by -10.68% in 30 days. Based on these gigs, the overall price performance for the year is -36.46%. The short interest in Transocean Ltd (NYSE:RIG) is 149.85 million shares and it means that shorts have 8.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 21.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $5.5 respectively. As a result, RIG is trading at a discount of -39.59% off the target high and -14.21% 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 -22.76% during the last six months, with a year-to-date growth rate more than the industry average at 84.38% against -17.20. In the rating firms’ projections, revenue will increase 24.71% 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 962.84M as predicted by 10 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 907.25M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 741M and 763M respectively. In this case, analysts expect current quarter sales to grow by 29.94% and then jump by 18.91% 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 92.15% in 2025.
RIG Dividends
Transocean Ltd is due to release its next quarterly earnings in February. 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 16.68% of total outstanding shares while institutional holders control 71.34%, with the float percentage being 85.63%. VANGUARD GROUP INC is the largest shareholder of the company, while 543.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Transocean Ltd (RIG) shares are Vanguard Total Stock Market Index Fund and Smallcap World Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 25.17 shares. This amounts to just over 2.87 percent of the company’s overall shares, with a $98.8 million market value. The same data shows that the other fund manager holds slightly less at 23.91, or about 2.73% of the stock, which is worth about $93.88 million.
