Don’t Be A Stock Market Victim: Transocean Ltd. (RIG), The Boeing Company (BA)

Transocean Ltd. (NYSE: RIG) shares are -78.78% down in the year-to-date (YTD) period and have moved 5.48% or $0.08 higher in the latest trading session. Comparatively, the stock is down -76.57% over the trailing 3-month period. If we look at the shorter duration, its week performance is 35.19% and 8.96% over the month.

Analyst Recommendations

On March 20, 2020, Credit Suisse recommended the RIG stock is a Neutral, while earlier, BTIG Research had Downgrade the stock as a Neutral on April 01, 2020. 28 analysts offering the recommendations for the stock have a consensus rating of 2.80 to suggest that the RIG stock is a “Moderate Sell. 2 of the 28 analysts rate the stock as a “Sell”, while 2 has rated it as “Underweight”. 10 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $1.54 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $4.11. The forecasts give the Transocean Ltd. stock a price target range of $11.00 on the higher side while at least one analyst think the stock could plunge to a low of $0.60. The two limits represent an upside potential of 86.0% or -156.67%.

Earnings Forecast

Analysts estimate the earnings to decrease -43.30% in the current quarter to -$0.28, up from the -$0.3 reported in the same quarter a year ago. For the current year, earnings should grow to an average of -$0.85, up 3.30% from -$1.45 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$0.26 and -$0.1. Wall Street estimates earnings per share to be at an average of -$0.74 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 38 over the last 12 months, while SEC filings reveal that there have been 17 insider sales over the same period. Insiders have purchases 1,168,469 shares while those sold by company executives and officers stand at 469,710. The last 3 months have seen insiders trade a total of 915,886 and 333,551 in purchases and sales respectively.

MULLER EDWARD R, a Director at the company, bought 6,000 shares worth $10289.0 at $1.71 per share on Mar 09. The Director had earlier bought another 5,000 RIG shares valued at $7250.0 on Mar 11. The shares were bought at $1.45 per share. CHANG VANESSA C L (Director) bought 5,000 shares at $2.83 per share on Mar 06 for a total of $14150.0 while DEATON CHAD C, (Director) bought 35,000 shares on Feb 26 for $124250.0 with each share fetching $3.55.

The Boeing Company (NYSE:BA), on the other hand, is trading around $141.00 with a market cap of $83.57B and analyst research firms have a negative stance on its shares. Analysts predict that the stock will reach $164.50 and spell out a more modest performance – a 14.29% return. Some analysts are even forecasting -$0.07 per share in earnings this year on a short term (1 year) basis.

Insider activity

Insiders have transacted a total of 72 times at The Boeing Company over the last 6 months, with insider purchases undertaken 32 times and accounting for 110,827 shares. Insider sales totaled 67,890 shares over the same period, with these deals completed in 40 transactions. Looking at these numbers, we realize that net purchases over that period are -8.0 shares. Insiders now hold a total of 737.73k shares after the latest sales, with 17.70% net shares purchased.

Major holders

Insiders own 0.10% of the company shares, while shares held by institutions stand at 68.20% with a share float percentage of 563.48M. Investors are also buoyed by the number of investors in a company, with The Boeing Company having a total of 2,569 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 40.78 million shares worth more than $13.28 billion. As of Dec 30, 2019, Vanguard Group, Inc. (The) held 7.24% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the investment firm holding over 34.5 million shares as of Dec 30, 2019. The firm’s total holdings are worth over $11.24 billion and represent 6.13% of shares outstanding.