In last trading session, Transocean Ltd (NYSE:RIG) saw 34.21 million shares changing hands with its beta currently measuring 2.57. Company’s recent per share price level of $2.29 trading at $0.12 or 5.53% at ring of the bell on the day assigns it a market valuation of $2.02B. That closing price of RIG’s stock is at a discount of -178.6% from its 52-week high price of $6.38 and is indicating a premium of 13.97% from its 52-week low price of $1.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 40.26 million shares which gives us an average trading volume of 38.51 million if we extend that period to 3-months.
For Transocean Ltd (RIG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.21. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.
Transocean Ltd (NYSE:RIG) trade information
Upright in the green during last session for gaining 5.53%, in the last five days RIG remained trading in the green while hitting it’s week-highest on Thursday, 04/24/25 when the stock touched $2.29 price level, adding 1.29% to its value on the day. Transocean Ltd’s shares saw a change of -38.93% in year-to-date performance and have moved 6.02% in past 5-day. Transocean Ltd (NYSE:RIG) showed a performance of -27.07% in past 30-days. Number of shares sold short was 139.28 million shares which calculate 3.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.4 to the stock, which implies a rise of 32.65% to its current value. Analysts have been projecting 2.8 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -22.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.27% for stock’s current value.
Transocean Ltd (RIG) estimates and forecasts
This year revenue growth is estimated to rise 9.68% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 885.42M for the same. And 8 analysts are in estimates of company making revenue of 982.53M in the next quarter. Company posted 763M and 861M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 18.05% during past 5 years.
Transocean Ltd (NYSE:RIG)’s Major holders
Insiders are in possession of 16.57% of company’s total shares while institution are holding 75.50 percent of that, with stock having share float percentage of 90.50%. Investors also watch the number of corporate investors in a company very closely, which is 75.50% institutions for Transocean Ltd that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RIG for having 73.12 million shares of worth $391.21 million. And as of 2024-06-30, it was holding 8.8742 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 64.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.8705 of outstanding shares, having a total worth of $346.96 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and SMALLCAP WORLD FUND INC are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 24.84 shares of worth $56.88 million or 2.81% of the total outstanding shares. The later fund manager was in possession of 20.3 shares on Mar 31, 2025 , making its stake of worth around $46.48 million in the company or a holder of 2.30% of company’s stock.
