Transocean Ltd (NYSE: RIG) is 8.53% higher on its value in year-to-date trading and has touched a low of $3.40 and a high of $6.88 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 $4.09 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $4.07, the stock is 7.53% and -0.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.49 million and changing -0.49% at the moment leaves the stock -17.28% off its SMA200. RIG registered -27.19% loss for a year compared to 6-month loss of -26.27%. The firm has a 50-day simple moving average (SMA 50) of $4.0924 and a 200-day simple moving average (SMA200) of $4.931.
The stock witnessed a -0.49% gain in the last 1 month and extending the period to 3 months gives it a -5.35%, and is 2.26% 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 4.74% over the week and 4.62% over the month.
Transocean Ltd (RIG) has around 5800 employees, a market worth around $3.56B and $3.31B in sales. Fwd P/E is 26.03. Profit margin for the company is -18.80%. Distance from 52-week low is 19.71% and -40.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.72%).
with sales reaching $962.85M over the same period.The EPS is expected to grow by 94.28% this year, but quarterly earnings will post 24.73% year-over-year. Quarterly sales are estimated to grow 29.94% in year-over-year returns.
Transocean Ltd (RIG) Top Institutional Holders
543.0 institutions hold shares in Transocean Ltd (RIG), with institutional investors hold 85.57% of the company’s shares. The shares outstanding are 875.80M, and float is at 731.11M with Short Float at 19.26%. Institutions hold 71.30% 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
The most recent transaction is an insider sale by Mackenzie Roderick James, the company’s EVP, Chief Commercial Officer. SEC filings show that Mackenzie Roderick James sold 22,000 shares of the company’s common stock on Jan 10 ’25 at a price of $4.05 per share for a total of $89100.0. Following the sale, the insider now owns 0.23 million shares.
Transocean Ltd disclosed in a document filed with the SEC on Dec 12 ’24 that Mackenzie Roderick James (EVP, Chief Commercial Officer) sold a total of 22,000 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $3.95 per share for $86900.0. Following the transaction, the insider now directly holds 0.25 million shares of the RIG stock.
Still, SEC filings show that on Dec 12 ’24, RODERICK J MACKENZIE (Officer) Proposed Sale 88,000 shares at an average price of $4.09 for $0.36 million. The insider now directly holds shares of Transocean Ltd (RIG).
