Transocean Ltd (NYSE: RIG) is -30.55% lower on its value in year-to-date trading and has touched a low of $3.85 and a high of $6.88 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 $4.36 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $4.41, the stock is 0.75% and 2.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.57 million and changing 1.15% at the moment leaves the stock -13.97% off its SMA200. RIG registered -32.77% loss for a year compared to 6-month loss of -18.33%. The firm has a 50-day simple moving average (SMA 50) of $4.315 and a 200-day simple moving average (SMA200) of $5.1285.
The stock witnessed a 4.01% gain in the last 1 month and extending the period to 3 months gives it a 6.52%, and is 0.68% 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 3.27% over the week and 4.18% over the month.
Transocean Ltd (RIG) has around 5800 employees, a market worth around $3.86B and $3.31B in sales. Fwd P/E is 27.59. Profit margin for the company is -18.80%. Distance from 52-week low is 14.55% and -35.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.72%).
with sales reaching $962.84M over the same period.The EPS is expected to grow by 87.37% this year, but quarterly earnings will post 24.71% year-over-year. Quarterly sales are estimated to grow 29.94% in year-over-year returns.
Transocean Ltd (RIG) Top Institutional Holders
550.0 institutions hold shares in Transocean Ltd (RIG), with institutional investors hold 85.71% of the company’s shares. The shares outstanding are 875.80M, and float is at 731.03M with Short Float at 20.18%. Institutions hold 71.41% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 73.12 million shares valued at $391.21 million. The investor’s holdings represent 8.9283% of the RIG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 64.85 million shares valued at $346.96 million to account for 7.9186 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 56.12 million shares representing 6.8522% and valued at over $300.24 million, while CAPITAL WORLD INVESTORS holds 5.7638 of the shares totaling 47.21 million with a market value of $252.55 million.
Transocean Ltd (RIG) Insider Activity
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Transocean Ltd disclosed in a document filed with the SEC on Nov 22 ’24 that Mackenzie Roderick James (EVP, Chief Commercial Officer) sold a total of 37,261 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $4.38 per share for $0.16 million. Following the transaction, the insider now directly holds 0.27 million shares of the RIG stock.
Still, SEC filings show that on Nov 18 ’24, Mackenzie Roderick James (EVP, Chief Commercial Officer) disposed off 20,000 shares at an average price of $4.29 for $85800.0. The insider now directly holds 310,857 shares of Transocean Ltd (RIG).
