Transocean Ltd. (NYSE: RIG) is -7.61% lower on its value in year-to-date trading and has touched a low of $2.32 and a high of $5.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIG stock was last observed hovering at around $2.68 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $2.55, the stock is -26.28% and -23.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.36 million and changing -4.85% at the moment leaves the stock -30.20% off its SMA200. RIG registered -21.78% loss for a year compared to 6-month loss of -43.58%.
The stock witnessed a -30.33% gain in the last 1 month and extending the period to 3 months gives it a -22.26%, and is -21.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.85% over the week and 5.41% over the month.
Transocean Ltd. (RIG) has around 5530 employees, a market worth around $1.92B and $2.52B in sales. Profit margin for the company is -25.10%. Distance from 52-week low is 9.91% and -54.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.00%).
Transocean Ltd. (RIG) Analyst Forecasts
Transocean Ltd. is expected to release its quarterly report on 10/31/2022.The EPS is expected to shrink by -0.80% this year
Transocean Ltd. (RIG) Top Institutional Holders
The shares outstanding are 692.00M, and float is at 653.59M with Short Float at 8.49%.
Transocean Ltd. (RIG) Insider Activity
A total of 5 insider transactions have happened at Transocean Ltd. (RIG) in the last six months, with sales accounting for 0 and purchases happening 5 times. The most recent transaction is an insider purchase by CHANG VANESSA C L, the company’s Director. SEC filings show that CHANG VANESSA C L bought 12,300 shares of the company’s common stock on Jun 23 at a price of $3.21 per share for a total of $39483.0. Following the purchase, the insider now owns 49200.0 shares.
Transocean Ltd. disclosed in a document filed with the SEC on May 13 that Mohn Frederik Wilhelm (Director) bought a total of 2,000,000 shares of the company’s common stock. The trade occurred on May 13 and was made at $3.75 per share for $7.5 million. Following the transaction, the insider now directly holds 82.64 million shares of the RIG stock.
Still, SEC filings show that on May 13, Perestroika (Director) acquired 2,000,000 shares at an average price of $3.75 for $7.5 million. The insider now directly holds 82,636,646 shares of Transocean Ltd. (RIG).
Transocean Ltd. (RIG): Who are the competitors?
The company’s main competitors (and peers) include Nabors Industries Ltd. (NBR) that is trading 37.55% up over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is 63.40% higher over the same period. Helmerich & Payne Inc. (HP) is 55.39% up on the 1-year trading charts.