Transocean Ltd [NYSE: RIG] stock went on a downward path that fall over -1.90% on Friday, amounting to a one-week price decrease of less than -11.34%.
Over the last 12 months, RIG stock dropped by -31.20%. The one-year Transocean Ltd stock forecast points to a potential downside of -1161780004.71. The average equity rating for RIG stock is currently 2.45, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.28 billion, with 883.26 million shares outstanding and 736.19 million shares in the current float. Compared to the average trading volume of 44.38M shares, RIG stock reached a trading volume of 31666868 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $3.82 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 2.45. 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.
Evercore ISI have made an estimate for Transocean Ltd shares, keeping their opinion on the stock as In-line, with their previous recommendation back on January 15, 2025. The new note on the price target was released on December 18, 2024, representing the official price target for Transocean Ltd stock. Previously, the target price had yet another raise to $5, while JP Morgan analysts kept a Neutral rating on RIG stock.
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 0.78. Price to Free Cash Flow for RIG in the course of the last twelve months was 6.95 with Quick ratio for the last quarter at 1.06.
RIG Stock Performance Analysis:
Transocean Ltd [RIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.34. With this latest performance, RIG shares gained by 0.39% in over the last four-week period, additionally sinking by -25.65% over the last 6 months – not to mention a drop of -31.20% in the past year of trading.
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 11.75% and a Gross Margin at 17.53%. Transocean Ltd’s Net Margin is presently recorded at -18.79%.
Return on Equity for this stock declined to -3.54%, with Return on Assets sitting at -3.54%.
Transocean Ltd [RIG] Institutonal Ownership Details
There are presently around $70.68%, or 84.72% 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 8.8742%. 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 6.8106%.
