The closing price of Transocean Ltd (NYSE: RIG) was $5.91 for the day, down -2.31% from the previous closing price of $6.05. On the day, 18346618 shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 0.46.
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.
Shares Statistics:
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 68.08% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Transocean Ltd (Switzerland) analysts. The consensus estimate for the next quarter is $65.69, with high estimates of $73.81 and low estimates of $1.21.
Analysts are recommending an EPS of between $Financial Services and $Technology for the fiscal current year, implying an average EPS of $Basic Materials.
