Transocean Ltd. (NYSE:RIG) does about 28.72M shares in volume on a normal day but saw 32039280 shares change hands in Friday trading. The company now has a market cap of 768.30M USD. Its current market price is $1.35, marking an increase of 8.00% compared to the previous close of $1.25. The 52 week high reached by this stock is $7.28 whilst the lowest price level in 52 weeks is $0.76. The script in recent trading has seen the stock touch a high of $1.35 and a low of $1.23.
Transocean Ltd. (RIG) has a 20-day trading average at $1.8950 and the current price is -81.46% off the 52-week high compared with 77.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.9490 and its 200-day simple moving average is $3.0222. If we look at the stock’s price movements over the week, volatility stands at 11.60%, which increases to 11.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.03 to suggest the stock is neutral.
22 analysts observing the Transocean Ltd. (RIG) stock have set the 12-month price targets for the company’s shares at between $0.10 and $5.00. The median price target is 28.19% away from the current levels at $1.88.
FactSet Research has provided data showing that 22 brokerages have issued ratings for the stock. 7 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 11 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 06, 2020 when Evercore ISI resumed the stock to “In-line” and issued a price target of $4. Morgan Stanley downgraded the stock to “Equal-Weight” from Overweight on July 08, 2020 at a price target of.
The current price level is -30.03%, -31.33%, and -55.59% away from its SMA20, SMA50, and SMA200 respectively, with the RIG price moving above the 50-day SMA on August 28. Transocean Ltd. (RIG) stock is up 18.42% over the week and -35.10% over the past month. Its price is -80.38% year-to-date and -70.52% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0 above consensus estimates by $0.28. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at -$0.19 and -$0.86 for whole year. RIG’s earnings per share are forecast to grow by 40.70% this year and -26.70% over next year. Expected sales for next quarter are $703.38 million, which analysts say will come at $3.11 billion for the current fiscal year and next year at $2.66 billion. In addition, estimates put the company’s current quarterly revenue at an average of $771.64 million.
Its 12-month price target is $1.88. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.10, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $5.00.
Outstanding shares total 615.00M with insiders holding 5.75% of the shares and institutional holders owning 73.89% of the company’s common stock. The company has a return on investment of -3.80% and return on equity of -15.30%. The beta has a value of 2.38. Price to book ratio is 0.08 and price to sales ratio is 0.24.
According to a U.S. Securities and Exchange Commission filing, Contrarius ICAV – Global Equity F has added its position in Transocean Ltd. (RIG) to 24,510,465 shares, mirroring a recent increase by 56.90%. Contrarius ICAV – Global Equity F added 8.89 million shares of Transocean Ltd. common stock bringing its total worth to about $50.0 million at the end of recent close, SEC documents show. Contrarius ICAV – Global Equity F isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 11000.0 shares to end up with 16,535,464 shares worth $33.73 million. iShares Core S&P Mid Cap ETF cut their holdings by -1.57% in the company over the course of the most recent quarter. It now holds a 2.48% position in Transocean Ltd. thanks to 15.26 million shares amounting to $31.14 million.