In the latest trading session,, 9.12 million Transocean Ltd (NYSE:RIG) shares changed hands as the company’s beta touched 2.56. With the company’s most recent per share price at $2.56 changed hands at -$0.05 or -2.11% at last look, the market valuation stands at $2.26B. RIG’s current price is a discount, trading about -149.22% off its 52-week high of $6.38. The share price had its 52-week low at $1.97, which suggests the last value was 23.05% up since then.
Analysts gave the Transocean Ltd (RIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.21. 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 -0.02.
Transocean Ltd (NYSE:RIG) trade information
Instantly RIG was in red as seen in intraday trades today. With action -7.76%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.87%, with the 5-day performance at -7.76% in the red. However, in the 30-day time frame, Transocean Ltd (NYSE:RIG) is 12.06% up.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 36.0% from its recent market value. According to analyst projections, RIG’s forecast low is 2.8 with 5 as the target high. To hit the forecast high, the stock’s price needs a -95.31% plunge from its current level, while the stock would need to soar -9.37% for it to hit the projected low.
Transocean Ltd (RIG) estimates and forecasts
Year-over-year growth is forecast to reach 9.33% 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 970.24M. 9 analysts are of the opinion that Transocean Ltd’s revenue for the current quarter will be 983.28M. The company’s revenue for the corresponding quarters a year ago was 861M and 948M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.69%. The estimates for the next quarter sales put growth at 3.72%.
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 105.91%.
RIG Dividends
Transocean Ltd is expected to release its next quarterly earnings report in June.
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 $63.09 million under it, the former controlled 2.81% of total outstanding shares. On the other hand, SMALLCAP WORLD FUND INC held about 2.30% of the shares, roughly 20.3 shares worth around $51.56 million.
