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Wednesday, September 27, 2023

Is Transocean Ltd. (NYSE: RIG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Transocean Ltd. (RIG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.005, or -0.06%, to $8.175. The Transocean Ltd. has recorded 78,220 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Transocean Ltd. Announces $222 Million Ultra-Deepwater Drillship Contract.

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Stocks Info

RIG belongs to the Energy sector of the NYSE while operating in the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $8.18 and fluctuated between $8.34 as its day high and $8.08 as its day low. The current market capitalization of Transocean Ltd. is $6.19B. A total of 8.18 million shares were traded on the day, compared to an average of 15.47M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RIG has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 397,924 shares. Over the last 12 months, there were 30 BUYs and 24 SELLs from insiders. Insiders purchased 124,940,895 shares during that period but sold 3,164,637.

In the most recent transaction, Tonnel David A sold 57,259 shares of RIG for 8.22 per share on Aug 31. After the transaction, the SVP – CHIEF ACCOUNTING OFFICER now owns 417,789 company shares. In a previous transaction on Aug 03, Mey Mark-Anthony Lovell sold 396,170 shares at 8.50 per share. RIG shares that EVP & CFO owns now total 984,317.

Among the insiders who sold shares, Tonnel David A disposed of 1,754 shares on Jul 18 at a per-share price of $8.76. This resulted in the SVP – CHIEF ACCOUNTING OFFICER holding 475,048 shares of RIG after the transaction. In another insider transaction, Tonnel David A sold 12,000 shares at $6.53 per share on Apr 17. Company shares held by the SVP – CHIEF ACCOUNTING OFFICER now total 476,802.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. RIG’s most recent ex-dividend date was 8/21/2015 when it declared a $0.15 quarterly dividend that was paid in cash on 9/23/2015. Previously, the company paid the dividend on 6/17/2015 with an ex-dividend date of 5/27/2015. The RIG stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RIG in the last 3 months, the mean price target is $8.82 with high estimates of $12.00 and low estimates of $6.00. In terms of 52-week highs and lows, RIG has a high of $8.86 and a low of $2.33.

As of this writing, RIG has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.26. The company reported an EPS of -$0.38 in the last quarter, which was -81.00% lower than expectations of -$0.21.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RIG’s latest balance sheet shows that the firm has $976.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.17B in debt and $1.30B in liabilities at the time. Its Book Value Per Share was $13.67, while its Total Shareholder’s Equity was $11.21B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIG is Buy with a score of 3.45.

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