Transocean Ltd. [NYSE: RIG] loss -2.82% or -0.08 points to close at $2.76 with a heavy trading volume of 14692673 shares. The company report on November 1, 2021 that Transocean Ltd. Reports Third Quarter 2021 Results.
Total contract drilling revenues were $626 million, compared to $656 million in the second quarter of 2021 (total adjusted contract drilling revenues of $683 million, compared to $713 million in the second quarter of 2021);.
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Revenue efficiency(1) was 98.1%, compared to 98.0% in the prior quarter;.
It opened the trading session at $2.835, the shares rose to $2.865 and dropped to $2.70, the range by which the price of stock traded the whole day. The daily chart for RIG points out that the company has recorded -45.67% loss over the past six months. However, it is still -22.67% lower than its most recent low trading price.
If we look at the average trading volume of 16.00M shares, RIG reached to a volume of 14692673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $2.61 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 0.17, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 1.36. Price to Free Cash Flow for RIG in the course of the last twelve months was 3.77 with Quick ratio for the last quarter at 1.60.
Trading performance analysis for RIG stock
Transocean Ltd. [RIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.51. With this latest performance, RIG shares dropped by -5.48% in over the last four-week period, additionally sinking by -45.67% over the last 6 months – not to mention a rise of 19.48% 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 37.16, with the RSI for the last a single of trading hit 33.75, and the three-weeks RSI is set at 39.05 for Transocean Ltd. [RIG]. The present Moving Average for the last 50 days of trading for this stock 3.25, while it was recorded at 2.91 for the last single week of trading, and 3.60 for the last 200 days.
Transocean Ltd. [RIG]: A deeper dive into fundamental analysis
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 1.60 and a Current Ratio set at 1.90.
Transocean Ltd. [RIG]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Transocean Ltd. [RIG]
There are presently around $873 million, or 50.60% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 51,461,209, which is approximately -5.006% of the company’s market cap and around 12.30% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 47,947,006 shares of the stock with an approximate value of $132.33 million in RIG stocks shares; and VAN ECK ASSOCIATES CORP, currently with $85.28 million in RIG stock with ownership of nearly -6.899% of the company’s market capitalization.
Positions in Transocean Ltd. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 128 institutional holders increased their position in Transocean Ltd. [NYSE:RIG] by around 23,173,470 shares. Additionally, 129 investors decreased positions by around 42,321,164 shares, while 82 investors held positions by with 250,654,416 shares. The mentioned changes placed institutional holdings at 316,149,050 shares, according to the latest SEC report filing. RIG stock had 40 new institutional investments in for a total of 14,237,142 shares, while 43 institutional investors sold positions of 6,667,291 shares during the same period.