Balance Sheet Dive: Transocean Ltd (RIG)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $5.41 in the prior trading day, Transocean Ltd (NYSE: RIG) closed at $5.17, down -4.44%. In other words, the price has decreased by -$4.44 from its previous closing price. On the day, 17.41 million shares were traded. RIG stock price reached its highest trading level at $5.375 during the session, while it also had its lowest trading level at $5.14.

Ratios:

Our goal is to gain a better understanding of RIG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.65.

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 the company, Susquehanna on April 08, 2024, Upgraded its rating to Positive and sets its target price to $9 from $5.50 previously.

On November 28, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $8.

Citigroup Upgraded its Neutral to Buy on July 05, 2023, whereas the target price for the stock was revised from $6.50 to $9.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when Perestroika (Cyprus) Ltd bought 2,000,000 shares for $6.01 per share. The transaction valued at 12,020,000 led to the insider holds 87,574,894 shares of the business.

Mohn Frederik Wilhelm bought 2,000,000 shares of RIG for $12,020,000 on May 15 ’24. The Director now owns 87,574,894 shares after completing the transaction at $6.01 per share. On May 15 ’24, another insider, Perestroika, who serves as the Director of the company, bought 2,000,000 shares for $6.01 each. As a result, the insider paid 12,020,000 and bolstered with 87,574,894 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 4237228800 and an Enterprise Value of 11057226752. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 3.753 whereas that against EBITDA is 15.552.

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 -11.63%, while the 200-Day Moving Average is calculated to be -17.71%.

Shares Statistics:

The stock has traded on average 17.43M shares per day over the past 3-months and 16621970 shares per day over the last 10 days, according to various share statistics. A total of 809.03M shares are outstanding, with a floating share count of 720.29M. Insiders hold about 12.11% of the company’s shares, while institutions hold 68.09% stake in the company. Shares short for RIG as of 1715731200 were 132734355 with a Short Ratio of 7.42, compared to 1713139200 on 129533927. Therefore, it implies a Short% of Shares Outstanding of 132734355 and a Short% of Float of 18.370001.

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