The price of Transocean Ltd (NYSE: RIG) closed at $6.10 in the last session, up 0.99% from day before closing price of $6.04. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 21359893 shares were traded.
Ratios:
We take a closer look at RIG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on November 28, 2023, initiated with a Equal Weight rating and assigned the stock a target price of $8.
On July 05, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $6.50 to $9.50.
Compass Point Upgraded its Neutral to Buy on March 22, 2023, while the target price for the stock was maintained at $7.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when Mohn Frederik Wilhelm bought 1,000,000 shares for $4.89 per share. The transaction valued at 4,890,000 led to the insider holds 85,574,894 shares of the business.
Perestroika (Cyprus) Ltd bought 1,000,000 shares of RIG for $4,890,000 on Feb 27 ’24. The Director now owns 85,574,894 shares after completing the transaction at $4.89 per share. On Aug 31 ’23, another insider, Tonnel David A, who serves as the SVP – CHIEF ACCOUNTING OFFICER of the company, sold 57,259 shares for $8.22 each. As a result, the insider received 470,669 and left with 417,789 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIG now has a Market Capitalization of 4.94B and an Enterprise Value of 12.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 4.25 whereas that against EBITDA is 24.00.
Stock Price History:
Over the past 52 weeks, RIG has reached a high of $8.88, while it has fallen to a 52-week low of $4.45. The 50-Day Moving Average of the stock is 5.31, while the 200-Day Moving Average is calculated to be 6.75.
Shares Statistics:
According to the various share statistics, RIG traded on average about 17.04M shares per day over the past 3-months and 19.8M shares per day over the past 10 days. A total of 809.03M shares are outstanding, with a floating share count of 713.52M. Insiders hold about 11.81% of the company’s shares, while institutions hold 68.58% stake in the company. Shares short for RIG as of Feb 29, 2024 were 127.93M with a Short Ratio of 7.51, compared to 129.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.81% and a Short% of Float of 16.99%.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.21, while EPS last year was -$0.38. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.07 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.24 and -$0.25 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.51, with 13 analysts recommending between $0.97 and $0.25.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $796.05M. It ranges from a high estimate of $898.9M to a low estimate of $745M. As of the current estimate, Transocean Ltd’s year-ago sales were $649M, an estimated increase of 22.70% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $890.78M, an increase of 22.20% less than the figure of $22.70% in the same quarter last year. There is a high estimate of $942.3M for the next quarter, whereas the lowest estimate is $820M.
A total of 16 analysts have provided revenue estimates for RIG’s current fiscal year. The highest revenue estimate was $3.8B, while the lowest revenue estimate was $3.44B, resulting in an average revenue estimate of $3.64B. In the same quarter a year ago, actual revenue was $2.83B, up 28.40% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $4.05B in the next fiscal year. The high estimate is $4.23B and the low estimate is $3.72B. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.
