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The closing price of Transocean Ltd (NYSE: RIG) was $5.82 for the day, down -0.85% from the previous closing price of $5.87. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 18.84 million shares were traded. RIG stock price reached its highest trading level at $5.995 during the session, while it also had its lowest trading level at $5.79.
Ratios:
Our analysis of RIG’s different ratios will help us gain a deeper understanding of the company. 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 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4810934272 and an Enterprise Value of 11799559168. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 4.167 whereas that against EBITDA is 16.12.
Stock Price History:
The Beta on a monthly basis for RIG is 2.81, which has changed by 0.015706778 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 2.45%, while the 200-Day Moving Average is calculated to be -13.02%.
Shares Statistics:
RIG traded an average of 18.51M shares per day over the past three months and 17180340 shares per day over the past ten days. A total of 809.03M shares are outstanding, with a floating share count of 721.19M. Insiders hold about 12.01% of the company’s shares, while institutions hold 68.43% stake in the company. Shares short for RIG as of 1713139200 were 129533927 with a Short Ratio of 7.00, compared to 1710460800 on 129650009. Therefore, it implies a Short% of Shares Outstanding of 129533927 and a Short% of Float of 17.930001.
Earnings Estimates
A detailed examination of Transocean Ltd (RIG) is currently in progress, with 13.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.2, while EPS last year was -$0.38. The consensus estimate for the next quarter is -$0.03, with high estimates of $0.07 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.23 and -$0.23 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.46, with 14.0 analysts recommending between $0.84 and $0.25.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 14 analysts. It ranges from a high estimate of $863M to a low estimate of $769M. As of the current estimate, Transocean Ltd’s year-ago sales were $649MFor the next quarter, 14 analysts are estimating revenue of $882.94M. There is a high estimate of $944M for the next quarter, whereas the lowest estimate is $820M.
A total of 17 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 $3.62B. In the same quarter a year ago, actual revenue was $2.83BBased on 17 analysts’ estimates, the company’s revenue will be $4.02B in the next fiscal year. The high estimate is $4.22B and the low estimate is $3.72B.
