Transocean Ltd (NYSE: RIG) is -38.67% lower on its value in year-to-date trading and has touched a low of $1.97 and a high of $6.38 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 $2.37 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $2.30, the stock is 2.31% and -15.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.81 million and changing -2.95% at the moment leaves the stock -41.43% off its SMA200. RIG registered -56.36% loss for a year compared to 6-month loss of -42.21%.
The stock witnessed a -15.44% gain in the last 1 month and extending the period to 3 months gives it a -39.31%, and is -0.43% 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 5.89% over the week and 9.33% over the month.
Transocean Ltd (RIG) has around 5800 employees, a market worth around $2.03B and $3.67B in sales. Fwd P/E is 19.93. Profit margin for the company is -18.79%. Distance from 52-week low is 16.75% and -63.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.27%).
The EPS is expected to grow by 104.17% this year.
Transocean Ltd (RIG) Top Institutional Holders
556.0 institutions hold shares in Transocean Ltd (RIG), with institutional investors hold 85.55% of the company’s shares. The shares outstanding are 883.26M, and float is at 736.15M with Short Float at 17.04%. Institutions hold 71.37% 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 8.8742% 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 7.8705 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 56.12 million shares representing 6.8106% and valued at over $300.24 million, while CAPITAL WORLD INVESTORS holds 5.7288 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 purchase by CHANG VANESSA C L, the company’s Director. SEC filings show that CHANG VANESSA C L bought 10,000 shares of the company’s common stock on Apr 30 ’25 at a price of $2.14 per share for a total of $21400.0. Following the purchase, the insider now owns 59200.0 shares.
Transocean Ltd disclosed in a document filed with the SEC on Apr 11 ’25 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 Apr 11 ’25 and was made at $2.23 per share for $49060.0. Following the transaction, the insider now directly holds 0.36 million shares of the RIG stock.
Still, SEC filings show that on Apr 11 ’25, RODERICK J MACKENZIE (Officer) Proposed Sale 44,000 shares at an average price of $2.17 for $95480.0. The insider now directly holds shares of Transocean Ltd (RIG).
