Transocean Ltd (NYSE: RIG) is -11.47% lower on its value in year-to-date trading and has touched a low of $1.97 and a high of $5.98 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 $3.21 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $3.32, the stock is 22.01% and 32.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 66.48 million and changing 3.43% at the moment leaves the stock -6.89% off its SMA200. RIG registered -40.71% loss for a year compared to 6-month loss of -16.58%.
The stock witnessed a 19.42% gain in the last 1 month and extending the period to 3 months gives it a 9.21%, and is 20.29% 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 2.76% over the week and 3.34% over the month.
Transocean Ltd (RIG) has around 5800 employees, a market worth around $2.93B and $3.67B in sales. Fwd P/E is 28.14. Profit margin for the company is -18.79%. Distance from 52-week low is 68.53% and -44.48% 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 108.16% this year.
Transocean Ltd (RIG) Top Institutional Holders
The shares outstanding are 883.26M, and float is at 736.15M with Short Float at 19.34%.
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
Transocean Ltd disclosed in a document filed with the SEC on May 12 ’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 May 12 ’25 and was made at $2.78 per share for $61160.0. Following the transaction, the insider now directly holds 0.34 million shares of the RIG stock.
Still, SEC filings show that on Apr 30 ’25, CHANG VANESSA C L (Director) acquired 10,000 shares at an average price of $2.14 for $21400.0. The insider now directly holds 59,200 shares of Transocean Ltd (RIG).
