Currently, there are 875.83M common shares owned by the public and among those 736.13M shares have been available to trade.
The company’s stock has a 5-day price change of -25.24% and -40.15% over the past three months. RIG shares are trading -36.80% year to date (YTD), with the 12-month market performance down to -63.76% lower. It has a 12-month low price of $2.11 and touched a high of $6.88 over the same period. RIG has an average intraday trading volume of 33.66 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 -21.99%, -27.74%, and -43.70% respectively.
Institutional ownership of Transocean Ltd (NYSE: RIG) shares accounts for 69.87% of the company’s 875.83M shares outstanding.
It has a market capitalization of $2.09B and a beta (3y monthly) value of 2.54. The earnings-per-share (ttm) stands at -$0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.33% over the week and 7.37% over the month.
Analysts forecast that Transocean Ltd (RIG) will achieve an EPS of -0.1 for the current quarter, 0.04 for the next quarter and 0.25 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.13 while analysts give the company a high EPS estimate of -0.13. Comparatively, EPS for the current quarter was -0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 114.54%, and 337.41% over the next financial year.
Looking at the support for the RIG, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on January 15, 2025, with the firm’s price target at $6-$5. Barclays coverage for the Transocean Ltd (RIG) stock in a research note released on December 18, 2024 offered a Overweight rating with a price target of $4.50. Citigroup on their part issued Neutral rating on September 12, 2024.
