Currently, there are 809.03M common shares owned by the public and among those 664.78M shares have been available to trade.
The company’s stock has a 5-day price change of 3.92% and -14.79% over the past three months. RIG shares are trading -16.54% year to date (YTD), with the 12-month market performance down to -33.92% lower. It has a 12-month low price of $4.45 and touched a high of $8.88 over the same period. RIG has an average intraday trading volume of 18.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.12%, -4.18%, and -11.76% respectively.
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Institutional ownership of Transocean Ltd (NYSE: RIG) shares accounts for 67.61% of the company’s 809.03M shares outstanding.
It has a market capitalization of $4.34B and a beta (3y monthly) value of 2.85. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 3.53% over the month.
Earnings per share for the fiscal year are expected to increase by 97.47%, and 1497.81% over the next financial year.
Looking at the support for the RIG, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on April 08, 2024, with the firm’s price target at $5.50-$9. CapitalOne coverage for the Transocean Ltd (RIG) stock in a research note released on November 28, 2023 offered a Equal Weight rating with a price target of $8. Citigroup was of a view on July 05, 2023 that the stock is Buy, while Compass Point gave the stock Buy rating on March 22, 2023, issuing a price target of $7.50. Barclays on their part issued Equal Weight rating on February 16, 2023.
