Transocean Ltd (NYSE:RIG) price on current trading day, rose 0.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.17.
A look at the stock’s price movement, the level at last check in today’s session was $3.15, moving within a range at $3.085 and $3.21. The beta value (5-Year monthly) was 2.72. Turning to its 52-week performance, $6.88 and $2.55 were the 52-week high and 52-week low respectively. Overall, RIG moved -7.70% over the past month.
Transocean Ltd’s market cap currently stands at around $2.79 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-16.
Analysts have a consensus estimate of 884.37M for the company’s revenue for the quarter, with a low and high estimate of 874M and 895.63M respectively. The average forecast suggests up to a 15.91% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.86B, representing a 9.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIG is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 12 recommend RIG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RIG’s current price about 5.12% and -9.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.18, while 7-day volatility ratio is 5.97% and 6.12% in the 30-day chart. Further, Transocean Ltd (RIG) has a beta value of 2.32, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $2.8, forecast between a low of $2.8 and high of $2.8. Looking at the price targets, the low is 11.67% off recent price level in today’s trading while to achieve the yearly target high, it has to move 11.67%. Nonetheless, investors will most likely welcome a 11.67% jump to $2.8 which is the analysts’ median price.
If we refocus on Transocean Ltd (NYSE:RIG), historical trading data shows that trading volumes averaged 40.83 over the past 10 days and 30.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 875.83 million shares.
The 16.66% of Transocean Ltd’s shares are in the hands of company insiders while institutional holders own 70.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 140.9 million on 2025-02-28, giving us a short ratio of 4.59. The data shows that as of 2025-02-28 short interest in Transocean Ltd (RIG) stood at 1802.0001 of shares outstanding, with shares short falling to 145.8 million registered in 2025-01-31. Current price change has pushed the stock -15.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIG stock continues to rise going into the next quarter.
