Why should you keep an eye on Transocean Ltd (RIG)?

Transocean Ltd (NYSE: RIG) is -18.90% lower on its value in year-to-date trading and has touched a low of $4.90 and a high of $8.88 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 $5.23 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $5.15, the stock is -5.00% and -12.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.33 million and changing -1.53% at the moment leaves the stock -24.97% off its SMA200. RIG registered -31.52% loss for a year compared to 6-month loss of -38.98%. The firm has a 50-day simple moving average (SMA 50) of $4.06 and a 200-day simple moving average (SMA200) of $19.96.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a -9.65% gain in the last 1 month and extending the period to 3 months gives it a -22.79%, and is 0.19% 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 4.35% over the week and 4.85% over the month.

Transocean Ltd (RIG) has around Aug 21 2015 employees, a market worth around $4.17B and $2.70B in sales. Fwd P/E is 34.64. Profit margin for the company is -44.49%. Distance from 52-week low is 5.10% and -42.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.90%).

Transocean Ltd quarterly earnings per share for the current quarter are estimated at -$0.24 with sales reaching $760.58M over the same period.The EPS is expected to shrink by -4.42% this year, but quarterly earnings will post 12.70% year-over-year. Quarterly sales are estimated to grow 25.50% in year-over-year returns.

Transocean Ltd (RIG) Top Institutional Holders

532 institutions hold shares in Transocean Ltd (RIG), with institutional investors hold 74.24% of the company’s shares. The shares outstanding are 721.89M, and float is at 714.37M with Short Float at 18.18%. Institutions hold 69.19% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 65.08 million shares valued at $456.23 million. The investor’s holdings represent 8.49% of the RIG Shares outstanding. As of Jun 29, 2023, the second largest holder is Primecap Management Company with 45.47 million shares valued at $318.71 million to account for 5.93% of the shares outstanding. The other top investors are Capital World Investors which holds 27.6 million shares representing 3.60% and valued at over $193.45 million, while Slate Path Capital, LP holds 3.04% of the shares totaling 23.31 million with a market value of $163.43 million.

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 1 and purchases happening 3 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 57,259 shares of the company’s common stock on Aug 31 at a price of $8.22 per share for a total of $0.47 million. Following the sale, the insider now owns 0.42 million shares.

Transocean Ltd disclosed in a document filed with the SEC on Aug 03 that Mey Mark-Anthony Lovell (EVP & CFO) sold a total of 396,170 shares of the company’s common stock. The trade occurred on Aug 03 and was made at $8.50 per share for $3.37 million. Following the transaction, the insider now directly holds 0.98 million shares of the RIG stock.

Still, SEC filings show that on Jul 18, Tonnel David A (SVP – CHIEF ACCOUNTING OFFICER) disposed off 1,754 shares at an average price of $8.76 for $15365.0. The insider now directly holds 475,048 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 -54.47% down over the past 12 months. Patterson-UTI Energy Inc. (PTEN) that is -30.49% lower over the same period.