During the last session, Transocean Ltd (NYSE:RIG)’s traded shares were 21.8 million, with the beta value of the company hitting 2.70. At the end of the trading day, the stock’s price was $3.86, reflecting an intraday loss of -0.26% or -$0.01. The 52-week high for the RIG share is $6.88, that puts it down -78.24 from that peak though still a striking 11.92% gain since the share price plummeted to a 52-week low of $3.40. The company’s market capitalization is $3.38B, and the average intraday trading volume over the past 10 days was 26.38 million shares, and the average trade volume was 21.97 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 2.60. 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.
Transocean Ltd (NYSE:RIG) trade information
Transocean Ltd (RIG) registered a -0.26% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.26% in intraday trading to $3.86, hitting a weekly high. The stock’s 5-day price performance is -9.81%, and it has moved by 8.73% in 30 days. Based on these gigs, the overall price performance for the year is -28.78%. The short interest in Transocean Ltd (NYSE:RIG) is 140.8 million shares and it means that shorts have 6.14 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 22.8% 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 -42.49% off the target high and -16.58% 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 -30.07% during the last six months, with a year-to-date growth rate more than the industry average at 88.54% against -18.00.
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 97.06% 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 85.62%. VANGUARD GROUP INC is the largest shareholder of the company, while 545.0 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 $97.15 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 $92.31 million.
