In the latest trading session, 3.63 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.70. With the company’s most recent per share price at $4.08 changing hands around $0.01 or 0.14% at last look, the market valuation stands at $3.57B. RIG’s current price is a discount, trading about -68.63% off its 52-week high of $6.88. The share price had its 52-week low at $3.40, which suggests the last value was 16.67% up since then. When we look at Transocean Ltd’s average trading volume, we note the 10-day average is 26.06 million shares, with the 3-month average coming to 21.01 million.

Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.60. 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 0.01.

Transocean Ltd (NYSE:RIG) trade information

Instantly RIG is in green as seen in intraday trades today. With action -2.02%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 8.69%, with the 5-day performance at -2.02% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is 3.45% up. Looking at the short shares, we see there were 140.8 million shares sold at short interest cover period of 6.14 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 18.4% from its recent market value. According to analyst projections, RIG’s forecast low is 4.5 with 5.5 as the target high. To hit the forecast high, the stock’s price needs a -34.8% plunge from its current level, while the stock would need to soar -10.29% 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 -27.60% over the past 6 months, a 88.54% in annual growth rate that is considerably higher than the industry average of -17.40%. Year-over-year growth is forecast to reach 24.73% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 962.85M. 9 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 899.49M. The company’s revenue for the corresponding quarters a year ago was 741M and 763M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.94%. The estimates for the next quarter sales put growth at 17.89%.

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 2025 estimates are for Transocean Ltd earnings to increase by 94.28%.

RIG Dividends

Transocean Ltd is expected to release its next quarterly earnings report in February.

Transocean Ltd (NYSE:RIG)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.68% of Transocean Ltd shares while 71.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.57%. There are 71.30% 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.

Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Smallcap World Fund. With 25.17 shares estimated at $102.97 million under it, the former controlled 2.87% of total outstanding shares. On the other hand, Smallcap World Fund held about 2.73% of the shares, roughly 23.91 shares worth around $97.84 million.