Transocean Ltd. [RIG] Is Currently 11.42 above its 200 Period Moving Avg: What Dose This Mean?

Transocean Ltd. [NYSE: RIG] jumped around 0.41 points on Friday, while shares priced at $4.00 at the close of the session, up 11.42%. The company report on May 4, 2021 that Transocean Ltd. Reports First Quarter 2021 Results.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Total contract drilling revenues were $653 million (total adjusted contract drilling revenues of $709 million), compared with $690 million in the fourth quarter of 2020 (total adjusted contract drilling revenues of $747 million);.

Revenue efficiency(1) was 97.4%, compared with 97.2% in the prior quarter;.

Transocean Ltd. stock is now 73.16% up from its year-to-date (YTD) trading value. RIG Stock saw the intraday high of $4.01 and lowest of $3.48 per share. The company’s 52-week high price is 4.81, which means current price is +77.78% above from all time high which was touched on 03/10/21.

Compared to the average trading volume of 21.27M shares, RIG reached a trading volume of 32540011 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Transocean Ltd. [RIG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIG shares is $2.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIG stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Transocean Ltd. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 05, 2021. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $2.50 to $1.15. The new note on the price target was released on September 16, 2020, representing the official price target for Transocean Ltd. stock. Previously, the target price had yet another raise to $4, while Evercore ISI analysts kept a In-line rating on RIG stock.

The Average True Range (ATR) for Transocean Ltd. is set at 0.24, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 0.22, with the Price to Cash per share for the same quarter was set at 1.78. Price to Free Cash Flow for RIG in the course of the last twelve months was 19.49 with Quick ratio for the last quarter at 1.70.

How has RIG stock performed recently?

Transocean Ltd. [RIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.22. With this latest performance, RIG shares gained by 16.62% in over the last four-week period, additionally plugging by 312.07% over the last 6 months – not to mention a rise of 217.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIG stock in for the last two-week period is set at 66.35, with the RSI for the last a single of trading hit 75.29, and the three-weeks RSI is set at 61.11 for Transocean Ltd. [RIG]. The present Moving Average for the last 50 days of trading for this stock 3.61, while it was recorded at 3.58 for the last single week of trading, and 2.35 for the last 200 days.

Transocean Ltd. [RIG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Transocean Ltd. [RIG] shares currently have an operating margin of +5.96 and a Gross Margin at +11.77. Transocean Ltd.’s Net Margin is presently recorded at -17.99.

Return on Total Capital for RIG is now 0.91, given the latest momentum, and Return on Invested Capital for the company is -2.81. Return on Equity for this stock declined to -4.87, with Return on Assets sitting at -2.47. When it comes to the capital structure of this company, Transocean Ltd. [RIG] has a Total Debt to Total Equity ratio set at 73.24. Additionally, RIG Total Debt to Total Capital is recorded at 42.28, with Total Debt to Total Assets ending up at 38.40. Long-Term Debt to Equity for the company is recorded at 68.43, with the Long-Term Debt to Total Capital now at 39.50.

Reflecting on the efficiency of the workforce at the company, Transocean Ltd. [RIG] managed to generate an average of -$105,981 per employee. Receivables Turnover for the company is 4.99 with a Total Asset Turnover recorded at a value of 0.14.Transocean Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.00.

Earnings analysis for Transocean Ltd. [RIG]

With the latest financial reports released by the company, Transocean Ltd. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Transocean Ltd. go to 4.80%.

Insider trade positions for Transocean Ltd. [RIG]

There are presently around $1,111 million, or 50.30% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 55,618,830, which is approximately 24.83% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 49,655,965 shares of the stock with an approximate value of $178.26 million in RIG stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $174.27 million in RIG stock with ownership of nearly -1.081% of the company’s market capitalization.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Positions in Transocean Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 110 institutional holders increased their position in Transocean Ltd. [NYSE:RIG] by around 47,637,337 shares. Additionally, 125 investors decreased positions by around 34,402,785 shares, while 79 investors held positions by with 227,486,001 shares. The mentioned changes placed institutional holdings at 309,526,123 shares, according to the latest SEC report filing. RIG stock had 44 new institutional investments in for a total of 12,279,143 shares, while 45 institutional investors sold positions of 10,927,504 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam