In Monday’s Wall Street session, Transocean Ltd (NYSE:RIG) shares traded at $3.23, down -2.71% from the previous session.
RIG stock price is now 28.69% away from the 50-day moving average and -9.19% away from the 200-day moving average. The market capitalization of the company currently stands at $2.85B.
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, Mackenzie Roderick James, EVP, Chief Commercial Officer sold 40,000 shares of the company’s stock on Jun 13 ’25. The stock was sold for $130,400 at an average price of $3.26. Upon completion of the transaction, the EVP, Chief Commercial Officer now directly owns 300,841 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’25, Officer RODERICK J MACKENZIE bought 40,000 shares of the business’s stock. A total of $130,488 was incurred on buying the stock at an average price of $3.26. 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 $5.98. 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 fifty day moving average price for RIG is $2.51 and a two-hundred day moving average price translates $3.55705 for the stock.
The latest earnings results from Transocean Ltd (NYSE: RIG) was released for 2025-03-31. 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. For the current quarter, analysts expect RIG to generate $972.93M in revenue.
