Market Analysts see Transocean Ltd. [RIG] gaining to $5. Time to buy?

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Transocean Ltd. [NYSE: RIG] price surged by 8.11 percent to reach at $0.21. The company report on July 25, 2022 that Transocean Ltd. Provides Quarterly Fleet Status Report.


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Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

A sum of 12492557 shares traded at recent session while its average daily volume was at 19.80M shares. Transocean Ltd. shares reached a high of $2.805 and dropped to a low of $2.59 until finishing in the latest session at $2.80.

The one-year RIG stock forecast points to a potential upside of 28.21.

Guru’s Opinion on Transocean Ltd. [RIG]:

Pareto have made an estimate for Transocean Ltd. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 24, 2022. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on February 08, 2022, representing the official price target for Transocean Ltd. stock. On September 16, 2020, analysts decreased their price target for RIG shares from 2.50 to 1.15.

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 0.79. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 1.29. Price to Free Cash Flow for RIG in the course of the last twelve months was 8.85 with Quick ratio for the last quarter at 1.40.

RIG Stock Performance Analysis:

Transocean Ltd. [RIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.87. With this latest performance, RIG shares dropped by -14.63% in over the last four-week period, additionally sinking by -10.26% over the last 6 months – not to mention a drop of -21.79% 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 41.81, with the RSI for the last a single of trading hit 44.84, and the three-weeks RSI is set at 41.24 for Transocean Ltd. [RIG]. The present Moving Average for the last 50 days of trading for this stock 3.60, while it was recorded at 2.77 for the last single week of trading, and 3.67 for the last 200 days.

Insight into Transocean Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Transocean Ltd. [RIG] shares currently have an operating margin of -1.96 and a Gross Margin at +4.58. Transocean Ltd.’s Net Margin is presently recorded at -23.16.

Return on Equity for this stock declined to -5.23, with Return on Assets sitting at -2.79.

Transocean Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.

Transocean Ltd. [RIG] Insider Position Details

There are presently around $1,079 million, or 58.10% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 52,705,682, which is approximately 2.149% of the company’s market cap and around 12.80% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 47,393,606 shares of the stock with an approximate value of $132.7 million in RIG stocks shares; and VAN ECK ASSOCIATES CORP, currently with $97.69 million in RIG stock with ownership of nearly 7.433% of the company’s market capitalization.

Positions in Transocean Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 159 institutional holders increased their position in Transocean Ltd. [NYSE:RIG] by around 86,573,247 shares. Additionally, 138 investors decreased positions by around 27,675,478 shares, while 86 investors held positions by with 270,930,347 shares. The mentioned changes placed institutional holdings at 385,179,072 shares, according to the latest SEC report filing. RIG stock had 65 new institutional investments in for a total of 23,030,355 shares, while 51 institutional investors sold positions of 5,214,363 shares during the same period.

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