Transocean Ltd [NYSE: RIG] price surged by 1.97 percent to reach at $0.09.
The one-year RIG stock forecast points to a potential upside of 29.24. The average equity rating for RIG stock is currently 2.42, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $6.60 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 2.42. 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.
Citigroup have made an estimate for Transocean Ltd shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 12, 2024. The new note on the price target was released on September 03, 2024, representing the official price target for Transocean Ltd stock. Previously, the target price had yet another raise from $5.50 to $9, while Susquehanna kept a Positive rating on RIG stock.
The Average True Range (ATR) for Transocean Ltd is set at 0.21, with the Price to Sales ratio for RIG stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 1.00.
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 8.35. With this latest performance, RIG shares gained by 11.99% in over the last four-week period, additionally sinking by -28.48% over the last 6 months – not to mention a drop of -37.06% 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 55.20, with the RSI for the last a single of trading hit 61.39, and the three-weeks RSI is set at 51.43 for Transocean Ltd [RIG]. The present Moving Average for the last 50 days of trading for this stock 4.76, while it was recorded at 4.44 for the last single week of trading, and 5.41 for the last 200 days.
Insight into Transocean Ltd Fundamentals:
Transocean Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.36.
RIG Stock EPS
With the latest financial reports released by the company, Transocean Ltd posted -0.36/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.13. 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.
Transocean Ltd [RIG] Institutonal Ownership Details
There are presently around $71.21%, or 87.11%% of RIG stock, in the hands of institutional investors. The top three institutional holders of RIG stocks are: VANGUARD GROUP INC with ownership of 73.12 million shares, which is approximately 8.9283%. BLACKROCK INC., holding 64.85 million shares of the stock with an approximate value of $$346.96 million in RIG stocks shares; and BLACKROCK INC., currently with $$300.24 million in RIG stock with ownership which is approximately 6.8522%.
