In the last trading session, 31.16 million shares of the Transocean Ltd (NYSE:RIG) were traded, and its beta was 2.56. Most recently the company’s share price was $2.61, and it changed around $0.12 or 4.82% from the last close, which brings the market valuation of the company to $2.31B. RIG currently trades at a discount to its 52-week high of $6.25, offering almost -139.46% off that amount. The share price’s 52-week low was $1.97, which indicates that the current value has risen by an impressive 24.52% 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 is expected to report earnings per share of -0.02 for the current quarter.
Transocean Ltd (NYSE:RIG) trade information
Instantly RIG has showed a green trend with a performance of 4.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.62 on recent trading dayincreased the stock’s daily price by 0.38%. The company’s shares are currently down -30.40% year-to-date, but still up 0.77% over the last five days. On the other hand, Transocean Ltd (NYSE:RIG) is 12.02% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 34.75% from its current value. Analyst projections state that RIG is forecast to be at a low of $2.8 and a high of $5.
Transocean Ltd (RIG) estimates and forecasts
The year-over-year growth rate is expected to be 9.33%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 970.24M in revenue for the current quarter. 9 analysts expect Transocean Ltd to make 983.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 861M and 948M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.69%. Forecasts for the next quarter put sales growth at 3.72%.
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 on 2025-Apr-27.
Transocean Ltd (NYSE:RIG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.57% of Transocean Ltd shares, and 70.68% of them are in the hands of institutional investors. The stock currently has a share float of 84.71%. Transocean Ltd stock is held by 525.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.8742% of the shares, which is about 73.12 million shares worth $391.21 million.
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 $64.82 million, making up 2.81% of all outstanding shares. On the other hand, SMALLCAP WORLD FUND INC held roughly 20.3 shares worth around $52.98 million, which represents about 2.30% of the total shares outstanding.
