Transocean Ltd (RIG) Shares See Highest Trading Level at $5.15

As of close of business last night, Transocean Ltd’s stock clocked out at $5.15, down -1.53% from its previous closing price of $5.23. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 17334060 shares were traded. RIG stock price reached its highest trading level at $5.22 during the session, while it also had its lowest trading level at $5.04.

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To gain a deeper understanding of RIG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.68.

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.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 31 when Tonnel David A sold 57,259 shares for $8.22 per share. The transaction valued at 470,669 led to the insider holds 417,789 shares of the business.

Mey Mark-Anthony Lovell sold 396,170 shares of RIG for $3,367,445 on Aug 03. The EVP & CFO now owns 984,317 shares after completing the transaction at $8.50 per share. On Jul 18, another insider, Tonnel David A, who serves as the SVP – CHIEF ACCOUNTING OFFICER of the company, sold 1,754 shares for $8.76 each. As a result, the insider received 15,365 and left with 475,048 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 4.17B and an Enterprise Value of 10.96B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 4.06 whereas that against EBITDA is 19.96.

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 $4.90. The 50-Day Moving Average of the stock is 5.83, while the 200-Day Moving Average is calculated to be 6.86.

Shares Statistics:

It appears that RIG traded 1.10 shares on average per day over the past three months and 17.93M shares per day over the past ten days. A total of 721.89M shares are outstanding, with a floating share count of 714.37M. Insiders hold about 11.70% of the company’s shares, while institutions hold 67.96% stake in the company. Shares short for RIG as of Jan 31, 2024 were 129.87M with a Short Ratio of 8.22, compared to 123.34M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 16.05% and a Short% of Float of 17.25%.

Earnings Estimates

As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.27, while EPS last year was -$0.49. The consensus estimate for the next quarter is -$0.06, with high estimates of $0.03 and low estimates of -$0.17.

Analysts are recommending an EPS of between -$0.64 and -$1.4 for the fiscal current year, implying an average EPS of -$1.08. EPS for the following year is $0.14, with 13 analysts recommending between $0.49 and -$0.1.

Revenue Estimates

In the current quarter, 11 analysts expect revenue to total $760.58M. It ranges from a high estimate of $776M to a low estimate of $721M. As of the current estimate, Transocean Ltd’s year-ago sales were $606M, an estimated increase of 25.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $876.71M, an increase of 35.10% over than the figure of $25.50% in the same quarter last year. There is a high estimate of $925M for the next quarter, whereas the lowest estimate is $807.1M.

A total of 14 analysts have provided revenue estimates for RIG’s current fiscal year. The highest revenue estimate was $3.16B, while the lowest revenue estimate was $2.79B, resulting in an average revenue estimate of $2.9B. In the same quarter a year ago, actual revenue was $2.58B, up 12.70% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $3.77B in the next fiscal year. The high estimate is $3.9B and the low estimate is $3.53B. The average revenue growth estimate for next year is up 30.10% from the average revenue estimate for this year.

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