The price of Transocean Ltd (NYSE:RIG) shares last traded on Wall Street unchanged to $4.02.
RIG stock price is now -6.34% away from the 50-day moving average and -21.38% away from the 200-day moving average. The market capitalization of the company currently stands at $3.39B.
With the price target maintained at $5, JP Morgan recently Upgraded its rating from Underweight to Neutral for Transocean Ltd (NYSE: RIG). , while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, RODERICK J MACKENZIE, Officer bought 37,261 shares of the company’s stock on Nov 22 ’24. The stock was bought for $163,203 at an average price of $4.38. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, EVP, Chief Commercial Officer Mackenzie Roderick James sold 37,261 shares of the business’s stock. A total of $163,203 was realized by selling the stock at an average price of $4.38. This leaves the insider owning 273,596 shares of the company worth $1.1 million. A total of 16.53% of the company’s stock is owned by insiders.
During the past 12 months, Transocean Ltd has had a low of $3.85 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 $4.298 and a two-hundred day moving average price translates $5.1166 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.
