The stock of Transocean Ltd (NYSE:RIG) last traded at $3.47, down -1.70% from the previous session.
RIG stock price is now -16.62% away from the 50-day moving average and -31.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.02B.
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With the price target maintained at $4.50, Barclays recently Upgraded its rating from Equal Weight to Overweight for Transocean Ltd (NYSE: RIG). On December 06, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $5, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, Mackenzie Roderick James, EVP, Chief Commercial Officer sold 22,000 shares of the company’s stock on Dec 12 ’24. The stock was sold for $86,900 at an average price of $3.95. Upon completion of the transaction, the EVP, Chief Commercial Officer now directly owns 251,596 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Officer RODERICK J MACKENZIE bought 88,000 shares of the business’s stock. A total of $359,920 was incurred on buying the stock at an average price of $4.09. A total of 16.52% of the company’s stock is owned by insiders.
During the past 12 months, Transocean Ltd has had a low of $3.48 and a high of $6.88. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.64, and a quick ratio of 1.34. The fifty day moving average price for RIG is $4.1784 and a two-hundred day moving average price translates $5.0599 for the stock.
The latest earnings results from Transocean Ltd (NYSE: RIG) was released for 2024-09-30. The net profit margin was -18.80% and return on equity was -6.07% for RIG. The company reported revenue of $948.0 million for the quarter, compared to $713.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.96 percent.
