Prepare Yourself for Liftoff: Transocean Ltd (RIG)

With 17.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.1 shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $5.22 whereas the lowest price it dropped to was $5.04. The 52-week range on RIG shows that it touched its highest point at $8.88 and its lowest point at $4.90 during that stretch. It currently has a 1-year price target of $8.14. Beta for the stock currently stands at 2.79.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIG was up-trending over the past week, with a rise of 0.19%, but this was down by -9.65% over a month. Three-month performance dropped to -22.79% while six-month performance fell -38.98%. The stock lost -31.52% in the past year, while it has lost -18.90% so far this year. A look at the trailing 12-month EPS for RIG yields -1.62 with Next year EPS estimates of 0.15. For the next quarter, that number is -0.23. This implies an EPS growth rate of -4.42% for this year and 115.31% for next year.

Float and Shares Shorts:

At present, 721.89 million RIG shares are outstanding with a float of 714.37 million shares on hand for trading. On Jan 31, 2024, short shares totaled 129.87 million, which was 16.05% higher than short shares on Dec 29, 2023. In addition to VIG as the firm’s Vanguard Div Appreciation ETF, RIO serves as its Rio Tinto Plc.

Institutional Ownership:

Through their ownership of 69.19% of RIG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RIG analysts setting a high price target of $12.00 and a low target of $5.50, the average target price over the next 12 months is $8.30. Based on these targets, RIG could surge 133.01% to reach the target high and rise by 6.8% to reach the target low. Reaching the average price target will result in a growth of 61.17% from current levels.

Summary of Insider Activity:

Insiders traded RIG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 112,461,636 while 1,712,843 shares were sold.