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Transocean Ltd. (RIG) Analysis & Forecast for 2023

Transocean Ltd. (NYSE: RIG) is 31.80% higher on its value in year-to-date trading and has touched a low of $2.32 and a high of $6.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RIG stock was last observed hovering at around $5.71 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $6.01, the stock is 21.00% and 35.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.86 million and changing 5.25% at the moment leaves the stock 58.79% off its SMA200. RIG registered 76.25% gain for a year compared to 6-month gain of 124.25%.

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The stock witnessed a 44.12% loss in the last 1 month and extending the period to 3 months gives it a 78.34%, and is 10.28% up 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 6.65% over the week and 6.20% over the month.

Transocean Ltd. (RIG) has around 5530 employees, a market worth around $4.12B and $2.59B in sales. Profit margin for the company is -20.50%. Distance from 52-week low is 159.05% and -2.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.00%).

Transocean Ltd. is expected to release its quarterly report on 05/01/2023.The EPS is expected to shrink by -0.80% this year.

Transocean Ltd. (RIG) Top Institutional Holders

The shares outstanding are 714.00M, and float is at 669.76M with Short Float at 18.34%.

Transocean Ltd. (RIG) Insider Activity

A total of 4 insider transactions have happened at Transocean Ltd. (RIG) in the last six months, with sales accounting for 2 and purchases happening 2 times. The most recent transaction is an insider sale by Tonnel David A,the company’sSVP – CHIEF ACCOUNTING OFFICER. SEC filings show that Tonnel David A sold 14,541 shares of the company’s common stock on Jan 18 at a price of $6.15 per share for a total of $89427.0. Following the sale, the insider now owns 0.28 million shares.

Transocean Ltd. disclosed in a document filed with the SEC on Jan 10 that Tonnel David A (SVP – CHIEF ACCOUNTING OFFICER) sold a total of 34,267 shares of the company’s common stock. The trade occurred on Jan 10 and was made at $5.45 per share for $0.19 million. Following the transaction, the insider now directly holds 0.29 million shares of the RIG stock.

Still, SEC filings show that on Jan 06, Tonnel David A (SVP – CHIEF ACCOUNTING OFFICER) disposed off 13,069 shares at an average price of $4.95 for $64692.0. The insider now directly holds 325,875 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 63.42% up over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is 58.42% higher over the same period. Helmerich & Payne Inc. (HP) is 63.31% up on the 1-year trading charts.

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