Is Transocean Ltd (NYSE: RIG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Transocean Ltd. Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

Transocean Ltd is listed on the NYSE in the Energy sector while operating in the Oil & Gas Drilling industry. The current market capitalization of Transocean Ltd is $3.91B. A total of 17.15 million shares were traded on the day, compared to an average of 16.96M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RIG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 25 BUYs and 11 SELLs from insiders. Insiders purchased 112,461,636 shares during that period but sold 1,637,960.

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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RIG in the last 3 months, the mean price target is $7.17 with high estimates of $12.00 and low estimates of $5.00. In terms of 52-week highs and lows, RIG has a high of $8.88 and a low of $4.45.

As of this writing, RIG has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.36 in the last quarter, which was -56.50% lower than expectations of -$0.23.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $7.69B in debt and $1.30B in liabilities at the time. Its Book Value Per Share was $12.87, while its Total Shareholder’s Equity was $11.21B.

Analysts Opinion

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. 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 3.42.

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