Transocean Ltd (NYSE:RIG) shares traded -2.95% lower at $2.30 on Wall Street last session.
RIG stock price is now -15.37% away from the 50-day moving average and -41.43% away from the 200-day moving average. The market capitalization of the company currently stands at $2.03B.
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With the price target reduced from $6 to $5, Evercore ISI Downgraded its rating from Outperform to In-line for Transocean Ltd (NYSE: RIG). On December 18, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $4.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, CHANG VANESSA C L, Director bought 10,000 shares of the company’s stock on Apr 30 ’25. The stock was bought for $21,400 at an average price of $2.14. Upon completion of the transaction, the Director now directly owns 59,200 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’25, EVP, Chief Commercial Officer Mackenzie Roderick James sold 22,000 shares of the business’s stock. A total of $49,060 was realized by selling the stock at an average price of $2.23. This leaves the insider owning 362,841 shares of the company worth $0.83 million. A total of 16.66% of the company’s stock is owned by insiders.
During the past 12 months, Transocean Ltd has had a low of $1.97 and a high of $6.38. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.33, and a quick ratio of 1.06.
The net profit margin was -18.79% and return on equity was -6.65% for RIG. The company reported revenue of $906.0 million for the quarter, compared to $763.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.74 percent.
