Let’s look at the key reasons that are pushing Transocean Ltd (RIG) to new highs

Sana Meer

A new trading day began on Friday, with Transocean Ltd (NYSE: RIG) stock price up 0.95% from the previous day of trading, before settling in for the closing price of $3.16. RIG’s price has ranged from $1.97 to $4.74 over the past 52 weeks.

Energy Sector giant saw their annual sales surged by 18.05% over the last five years. Meanwhile, its annual earnings per share averaged 124.80%. With a float of $783.30 million, this company’s outstanding shares have now reached $902.25 million.

Transocean Ltd (RIG) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Drilling Industry. The insider ownership of Transocean Ltd is 16.95%, while institutional ownership is 65.54%. The most recent insider transaction that took place on Jun 13 ’25, was worth 130,400. In this transaction EVP, Chief Commercial Officer of this company sold 40,000 shares at a rate of $3.26, taking the stock ownership to the 300,841 shares. Before that another transaction happened on Jun 13 ’25, when Company’s Officer proposed sale 40,000 for $3.26, making the entire transaction worth $130,488.

Transocean Ltd (RIG) Recent Fiscal highlights

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year. According to the Wall Street analysts, stocks earnings will be around 124.80% per share during the next fiscal year.

Transocean Ltd (NYSE: RIG) Trading Performance Indicators

Here are Transocean Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.79. Likewise, its price to free cash flow for the trailing twelve months is 7.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.85, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.13 in one year’s time.

Technical Analysis of Transocean Ltd (RIG)

Analysing the last 5-days average volume posted by the [Transocean Ltd, RIG], we can find that recorded value of 79.69 million was better than the volume posted last year of 36.04 million. As of the previous 9 days, the stock’s Stochastic %D was 33.99%.

During the past 100 days, Transocean Ltd’s (RIG) raw stochastic average was set at 59.74%, which indicates a significant increase from 17.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.16 in the past 14 days, which was higher than the 0.14 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.08, while its 200-day Moving Average is $3.08. Now, the first resistance to watch is $3.24. This is followed by the second major resistance level at $3.29. The third major resistance level sits at $3.34. If the price goes on to break the first support level at $3.14, it is likely to go to the next support level at $3.09. Now, if the price goes above the second support level, the third support stands at $3.04.

Transocean Ltd (NYSE: RIG) Key Stats

With a market capitalization of 3.01 billion, the company has a total of 943,125K Shares Outstanding. Currently, annual sales are 3,524 M while annual income is -512,000 K. The company’s previous quarter sales were 988,000 K while its latest quarter income was -938,000 K.

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