Transocean Ltd (NYSE:RIG) has a beta value of 2.54 and has seen 11.61 million shares traded in the recent trading session. The company, currently valued at $2.30B, closed the recent trade at $2.61 per share which meant it gained $0.12 on the day or 4.62% during that session. The RIG stock price is -139.46% off its 52-week high price of $6.25 and 24.52% above the 52-week low of $1.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 33.25 million shares traded. The 3-month trading volume is 41.38 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.
Transocean Ltd (NYSE:RIG) trade information
Over the past 30 days, the shares of Transocean Ltd (NYSE:RIG) have changed 11.32%. Short interest in the company has seen 129.94 million shares shorted with days to cover at 3.25.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 34.75% from the levels at last check today.. The projected low price target is $2.8 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -91.57% off the targeted high while a plunge would see the stock gain -7.28% from the levels at last check today..
Transocean Ltd (RIG) estimates and forecasts
The company’s shares have lost -39.14% over the past 6 months.
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-Apr-27 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 16.57% of the company shares, while shares held by institutions stand at 70.67% with a share float percentage of 84.71%. Investors are also buoyed by the number of investors in a company, with Transocean Ltd having a total of 524.0 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 8.8742% 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 Mar 31, 2025 , the former fund manager holds about 2.84% shares in the company for having 25.05 shares of worth $65.24 million while later fund manager owns 20.3 shares of worth $52.88 million as of Mar 31, 2025 , which makes it owner of about 2.30% of company’s outstanding stock.
