Transocean Ltd. (NYSE:RIG) finished Wednesday with an addition of $0.14 to close at $3.92, an upside of 3.70 percent. An average of 15,571,979 shares of common stock have been traded in the last five days. There was a gain of $0.19 in the past week. The last 20 days have seen an average of 20,134,240 shares traded, while the 50-day average volume stands at 15,986,342.
RIG stock has increased by 11.05% in the last month. The company shares reached their 1-month lowest point of $3.08 on 09/20/21. With the stock rallying to its 52-week high on 07/02/21, shares of the company touched a low of $0.65 and a high of $5.13 in 52 weeks. In spite of this, the price is down -23.59% from the 52-week high.
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Transocean Ltd. (RIG) has a trailing price-to-earnings (P/E) ratio of 31.36, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Transocean Ltd.’s PE ratio has ranged between 42.33 and 2.987. The stock’s beta is 3.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.90, the price-to-book (PB) ratio at 0.22, and the price-to-cash flow ratio at 6.31.
The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year.
The quick ratio of Transocean Ltd. for the three months ended June 29 was 1.70, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.67 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 34.90% against a 5-year average of 74.2%. Transocean Ltd.’s EBITDA margin for the year ending June 29 is 37.56%, while its operating margin for the same period stands at 19.40%. Its gross profit as reported stood at -$493.0 million compared to revenue of $3.15 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Transocean Ltd.’s return on assets was 0.60%, compared to -5.1% over the last five years. In the past year, the return on investment has been 0.10%, and the 5-year average is -4.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 1.10% and the 5-year average holds at -9.5%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Transocean Ltd.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.18, a -12.50% surprise. For the quarter, EBITDA amounted to $241.0 million. Shareholders own equity worth $651.14 million.
From a technical analysis perspective, let’s take a brief look at Transocean Ltd. (RIG) price momentum. RSI 9-day as of the close on 13 October was 57.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.85%.
As of today, RIG’s price is $3.89 +5.09% or $0.19 from its 5-day moving average. RIG is currently trading +7.69% higher than its 20-day SMA and +2.62% higher than its 100-day SMA. However, the stock’s current price level is +12.00% above the SMA50 and +81.48% above the SMA200.
The stochastic %K and %D were 66.53% and 70.54%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 66.27% and the average true range at 0.25, the RSI (14) stands at 56.44%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Barclays downgraded Transocean Ltd. (NYSE: RIG) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal weight.The consensus rating for Transocean Ltd. (RIG) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell RIG, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is RIG’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $4.30, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Transocean Ltd. (RIG) stock is $2.78.