Transocean Ltd (NYSE:RIG) has a beta value of 2.47 and has seen 7.12 million shares traded in the recent trading session. The company, currently valued at $2.78B, closed the recent trade at $3.14 per share which meant it lost -$0.18 on the day or -5.27% during that session. The RIG stock price is -119.11% off its 52-week high price of $6.88 and 18.79% above the 52-week low of $2.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 33.44 million shares traded. The 3-month trading volume is 31.99 million shares.
The consensus among analysts is that Transocean Ltd (RIG) is Buy stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 15 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.1.
Transocean Ltd (NYSE:RIG) trade information
Sporting -5.27% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RIG stock price touched $3.14 or saw a rise of 7.1%. Year-to-date, Transocean Ltd shares have moved -16.13%, while the 5-day performance has seen it change -2.33%. Over the past 30 days, the shares of Transocean Ltd (NYSE:RIG) have changed 14.36%. Short interest in the company has seen 138.99 million shares shorted with days to cover at 3.52.
Wall Street analysts have a consensus price target for the stock at $2.8, which means that the shares’ value could drop -12.14% from the levels at last check today. The projected low price target is $2.8 while the price target rests at a high of $2.8. In that case, then, we find that the latest price level in today’s session is 10.83% off the targeted high while a plunge would see the stock lose 10.83% from the levels at last check today.
Transocean Ltd (RIG) estimates and forecasts
The company’s shares have lost -26.00% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 9.60%.
8 analysts offering their estimates for the company have set an average revenue estimate of 884.92M for the current quarter. 8 have an estimated revenue figure of 981.28M for the next ending quarter. Year-ago sales stood 763M and 861M respectively for this quarter and the next, and analysts expect sales will grow by 15.98% for the current quarter and 9.60% for the next. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.05% over the past 5 years.
RIG Dividends
Transocean Ltd is expected to release its next earnings report on 2025-Feb-16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Transocean Ltd (NYSE:RIG)’s Major holders
Insiders own 16.86% of the company shares, while shares held by institutions stand at 71.60% with a share float percentage of 86.11%. Investors are also buoyed by the number of investors in a company, with Transocean Ltd having a total of 565.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 73.12 million shares worth more than $391.21 million. As of 2024-06-30, VANGUARD GROUP INC held 8.9283% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 64.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $346.96 million and represent 7.8705% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and SMALLCAP WORLD FUND INC. As of Dec 31, 2024, the former fund manager holds about 2.81% shares in the company for having 24.84 shares of worth $78.23 million while later fund manager owns 23.91 shares of worth $75.33 million as of Dec 31, 2024, which makes it owner of about 2.71% of company’s outstanding stock.
