In the latest trading session, 2.13 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.31. With the company’s most recent per share price at $3.20 changing hands around $0.03 or 0.95% at last look, the market valuation stands at $2.81B. RIG’s current price is a discount, trading about -115.0% off its 52-week high of $6.88. The share price had its 52-week low at $2.55, which suggests the last value was 20.31% up since then. When we look at Transocean Ltd’s average trading volume, we note the 10-day average is 41.26 million shares, with the 3-month average coming to 30.47 million.
Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.37. 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 is in green as seen in intraday trades today. With action 8.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.67%, with the 5-day performance at 8.84% in the green. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is -9.35% down. Looking at the short shares, we see there were 140.9 million shares sold at short interest cover period of 4.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.8, meaning bulls need a downside of -14.29% from its recent market value. According to analyst projections, RIG’s forecast low is 2.8 with 2.8 as the target high. To hit the forecast high, the stock’s price needs a 12.5% surge from its current level, while the stock would need to tank 12.5% for it to hit the projected low.
Transocean Ltd (RIG) estimates and forecasts
Year-over-year growth is forecast to reach 9.68% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 881.71M. 9 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 976.48M. 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 15.56%. The estimates for the next quarter sales put growth at 13.41%.
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 121.47%.
Transocean Ltd (NYSE:RIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.86% of Transocean Ltd shares while 71.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.11%. There are 71.59% 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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Smallcap World Fund. With 24.84 shares estimated at $78.73 million under it, the former controlled 2.83% of total outstanding shares. On the other hand, Smallcap World Fund held about 2.72% of the shares, roughly 23.91 shares worth around $75.81 million.
