Transocean Ltd (NYSE:RIG) has a beta value of 2.53 and has seen 8.88 million shares traded in the recent trading session. The company, currently valued at $2.58B, closed the recent trade at $43700000.0 per share which meant it gained $43699997.09 on the day or 8877197% during that session. The RIG stock price is 100.0% off its 52-week high price of $5.98 and 100.0% 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 51.98 million shares traded. The 3-month trading volume is 43.70 million shares.
The consensus among analysts is that Transocean Ltd (RIG) is Buy stock at the moment, with a recommendation rating of 2.40. 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 18.67%. Short interest in the company has seen 142.38 million shares shorted with days to cover at 3.74.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -1092499900.0% 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 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Transocean Ltd (RIG) estimates and forecasts
The company’s shares have lost -20.46% 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-28 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 70.69% with a share float percentage of 84.72%. 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.
