In today’s recent session, 16.46 million shares of the Transocean Ltd (NYSE:RIG) have been traded, and its beta is 2.55. Most recently the company’s share price was $2.37, and it changed around $0.07 or 3.04% from the last close, which brings the market valuation of the company to $2.09B. RIG at last check was trading at a discount to its 52-week high of $6.38, offering almost -169.2% off that amount. The share price’s 52-week low was $1.97, which indicates that the recent value has risen by an impressive 16.88% since then.
Transocean Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 2.21. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended RIG as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight.
Transocean Ltd (NYSE:RIG) trade information
Instantly RIG has been showing a green trend so far today with a performance of 3.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.40 on recent trading dayincreased the stock’s daily price by 1.25%. The company’s shares are currently down -36.80% year-to-date, but still up 7.73% over the last five days. On the other hand, Transocean Ltd (NYSE:RIG) is 9.22% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.4, which translates to bulls needing to increase their stock price by 30.29% from its current value. Analyst projections state that RIG is forecast to be at a low of $2.8 and a high of $4.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.05%.
RIG Dividends
Transocean Ltd’s next quarterly earnings report is expected to be released in June.
BLACKROCK INC., with 7.8705% or 64.85 million shares worth $346.96 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and SMALLCAP WORLD FUND INC were the top two Mutual Funds as of Dec 31, 2024 . The former held 24.84 shares worth $59.11 million, making up 2.81% of all outstanding shares. On the other hand, SMALLCAP WORLD FUND INC held roughly 20.3 shares worth around $48.31 million, which represents about 2.30% of the total shares outstanding.
