Will Current Price Volatility Hamper Transocean Ltd. (RIG) Future Potential?
Transocean Ltd. (NYSE:RIG) has a beta value of 3.65 and has seen 12.01 million shares traded in the last trading session. The company, currently valued at $2.48B, closed the last trade at $4.06 per share which meant it gained $0.04 on the day or 1.00% during that session. The RIG stock price is -18.47% off its 52-week high price of $4.81 and 83.99% above the 52-week low of $0.65. If we look at the companys 10-day average daily trading volume, we find that it stood at 22.73 million shares traded. The 3-month trading volume is 18.47 million shares. The consensus among analysts is that Transocean Ltd. (RIG) is an Underweight stock at the moment, with a recommendation rating of 3.60. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 12 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.15. Transocean Ltd. (NYSE:RIG) trade information  Sporting 1.00% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 06/11/21 when the RIG stock price touched $4.06 or saw a rise of 9.38%. Year-to-date, Transocean Ltd. shares have moved 75.76%, while the 5-day performance has seen it change -8.14%. Over the past 30 days, the shares of Transocean Ltd. (NYSE:RIG) have changed 5.45%. Short interest in the company has seen 77.53 million shares shorted with days to cover at 4.23. Wall Street analysts have a consensus price target for the stock at $2.66, which means that the shares value could drop -52.63% from current levels. The projected low price target is $0.50 while the price target rests at a high of $3.75. In that case, then, we find that the current price level is 7.64% off the targeted high while a plunge would see the stock lose 87.68% from current levels. Transocean Ltd. (RIG) estimates and forecasts  Figures show that Transocean Ltd. shares have outperformed across the wider relevant industry. The companys shares have gained 80.44% over the past 6 months, with this year growth rate of 27.63%, compared to 5.80% for the industry. Revenue growth from the last financial year stood is estimated to be -15.30%. 7 analysts offering their estimates for the company have set an average revenue estimate of $679.34 million for the current quarter. 7 have an estimated revenue figure of $693.96 million for the next quarter concluding in Sep 2021. Year-ago sales stood $773.02 million and $769.05 million respectively for this quarter and the next, and analysts expect sales will shrink by -12.10% for the current quarter and -9.80% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.10% over the past 5 years. Earnings growth for 2021 is a modest 55.00% while over the next 5 years, the companys earnings are expected to increase by 4.80%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  RIG Dividends  Transocean Ltd. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Transocean Ltd. (NYSE:RIG)s Major holders  Insiders own 5.85% of the company shares, while shares held by institutions stand at 54.56% with a share float percentage of 57.96%. Investors are also buoyed by the number of investors in a company, with Transocean Ltd. having a total of 385 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 57.86 million shares worth more than $205.4 million. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 9.37% of shares outstanding. The other major institutional holder is Blackrock Inc., with the holding of over 49.66 million shares as of Mar 30, 2021. The firms total holdings are worth over $176.28 million and represent 8.04% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and VanEck Vectors ETF Tr- Oil Services ETF. As of Mar 30, 2021, the former fund manager holds about 2.67% shares in the company for having 16.5 million shares of worth $58.57 million while later fund manager owns 14.31 million shares of worth $46.06 million as of Apr 29, 2021, which makes it owner of about 2.32% of companys outstanding stock.