In the latest trading session, 6.25 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.71. With the company’s most recent per share price at $3.12 changed hands at -$0.07 or -2.29% at last look, the market valuation stands at $2.74B. RIG’s current price is a discount, trading about -120.51% off its 52-week high of $6.88. The share price had its 52-week low at $3.18, which suggests the last value was -1.92% down since then.
Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. 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 -0.1.
Transocean Ltd (NYSE:RIG) trade information
Instantly RIG was in red as seen in intraday trades today. With action -9.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -16.88%, with the 5-day performance at -9.39% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is -18.62% down.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 37.6% 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 -76.28% plunge from its current level, while the stock would need to soar -44.23% for it to hit the projected low.
Transocean Ltd (RIG) estimates and forecasts
Year-over-year growth is forecast to reach 9.75% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 881.67M. 7 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 977.92M. The company’s revenue for the corresponding quarters a year ago was 763M and 861M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.55%. The estimates for the next quarter sales put growth at 13.58%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.05%. The 2025 estimates are for Transocean Ltd earnings to increase by 126.32%.
Transocean Ltd (NYSE:RIG)’s Major holders
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 $79.28 million under it, the former controlled 2.86% of total outstanding shares. On the other hand, Smallcap World Fund held about 2.72% of the shares, roughly 23.91 shares worth around $75.33 million.
