In the last trading session, 77.13 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.49. With the company’s per share price at $2.19 changed hands at -$0.18 or -7.59% during last session, the market valuation stood at $1.93B. RIG’s last price was a discount, traded about -214.16% off its 52-week high of $6.88. The share price had its 52-week low at $1.97, which suggests the last value was 10.05% up since then. When we look at Transocean Ltd’s average trading volume, we note the 10-day average is 48.24 million shares, with the 3-month average coming to 34.42 million.
Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.30. 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 (NYSE:RIG) trade information
Instantly RIG was in red as seen at the end of in last trading. With action -34.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.60%, with the 5-day performance at -34.04% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is -26.51% down. Looking at the short shares, we see there were 138.99 million shares sold at short interest cover period of 3.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.4, meaning bulls need an upside of 35.59% from its current market value. According to analyst projections, RIG’s forecast low is 2.8 with 4 as the target high. To hit the forecast high, the stock’s price needs a -82.65% plunge from its current level, while the stock would need to soar -27.85% for it to hit the projected low.
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 114.54%.
RIG Dividends
Transocean Ltd is expected to release its next quarterly earnings report on 2025-Feb-16.
Transocean Ltd (NYSE:RIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.57% of Transocean Ltd shares while 71.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.39%. There are 71.24% 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 7.8705% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and SMALLCAP WORLD FUND INC . With 24.84 shares estimated at $54.39 million under it, the former controlled 2.81% of total outstanding shares. On the other hand, SMALLCAP WORLD FUND INC held about 2.71% of the shares, roughly 23.91 shares worth around $52.37 million.
