A share price of Transocean Ltd [RIG] is currently trading at $6.37, up 1.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RIG shares have gain 6.70% over the last week, with a monthly amount glided 35.82%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 1, April 2024, Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract. In a post published today on Yahoo Finance, Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024 in direct continuation of the rig’s current program and includes additional services. The total contract value of approximately $195 million includes a $10.9 million lump sum payment, which is not included in the estimated backlog of approximately $184 million.
From an analyst’s perspective:
Transocean Ltd [NYSE: RIG] stock has seen the most recent analyst activity on November 28, 2023, when CapitalOne initiated its Equal Weight rating and assigned the stock a price target of $8. Previously, Citigroup upgraded its rating to Buy on July 05, 2023, and elevated its price target to $9.50. On March 22, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $7.50 on the stock. Barclays downgraded its rating to a Equal Weight but stick to its price target of $7 on February 16, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $7.50 as its price target on January 19, 2023. Barclays upgraded its rating to Overweight for this stock on October 06, 2022, and upped its price target to $5. In a note dated September 06, 2022, BTIG Research upgraded an Buy rating on this stock but restated the target price of $8.
Transocean Ltd experienced fluctuations in its stock price throughout the past year between $4.45 and $8.88. Currently, Wall Street analysts expect the stock to reach $4.3 within the next 12 months. Transocean Ltd [NYSE: RIG] shares were valued at $6.37 at the most recent close of the market. An investor can expect a potential drop of -32.5% based on the average RIG price forecast.
Analyzing the RIG fundamentals
Trailing Twelve Months sales for Transocean Ltd [NYSE:RIG] were 2.83B which represents 22.28% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.09 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.27 points at the first support level, and at 6.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.46, and for the 2nd resistance point, it is at 6.56.
Transocean Ltd [RIG] reported earnings per share of -$0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.23/share, meaning a difference of $0.14 and a surprise factor of 60.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.36 per share as compared to estimates of -$0.23 per share, a difference of -$0.13 representing a surprise of -56.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Transocean Ltd [NYSE:RIG] is 1.52. In addition, the Quick Ratio stands at 1.22 and the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 0.49.
Transactions by insiders
Recent insider trading involved Mohn Frederik Wilhelm, Director, that happened on Feb 27 ’24 when 1.0 million shares were purchased. Director, Perestroika (Cyprus) Ltd completed a deal on Feb 27 ’24 to buy 1.0 million shares. Meanwhile, SVP – CHIEF ACCOUNTING OFFICER Tonnel David A sold 57259.0 shares on Aug 31 ’23.
