Transocean Ltd. (RIG) shows weekly volitility of 4.03%
- Author: Zachary Reyes Mar 20, 2017,
Mar 20, 2017, 23:21
Offshore drillers have been "struggling to avoid a financial meltdown, due to a basic lack of work, dismal day rates and rig oversupply, which is the unavoidable trichotomy of an offshore drilling bear market", Seeking Alpha noted.
In the last trading session, The Company traded 11.8 Million shares. The stock recently closed its previous session at $12.47 by showing a percentage change of -0.48% from its previous day closing price of $12.53. The company's stock has fell -11.79 percent in the past five year. The company now has a consensus rating of Hold and a consensus price target of $13.15. Piper Jaffray Companies upgraded shares of Transocean LTD from an underweight rating to a neutral rating and set a $13.70 price objective for the company in a research report on Wednesday, January 25th. They now have $14.51 target price on the offshore drilling services provider's stock.
Many research firms have provided their ratings on Transocean Ltd. (RIG) where R. F. Lafferty provided Buy rating on the stock on 9-Feb-17. The stock was rated "Hold" by 14 analysts in current phase, 1 analyst rated at "Overweight", while 14 experts rated it as a "Sell" security.
Considering the performance, Transocean Ltd. (RIG)'s shares have the potential to reach a high EPS of 0.15 per share, and a low EPS of -0.36 per share in the current quarter. The offshore drilling services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.55. According to them, the median (average) EPS the company could deliver is -0.07/share. Public Employees Retirement Association of Colorado raised its position in shares of Transocean LTD by 0.4% in the third quarter.
Offshore driller Transocean has agreed to sell its fleet of shallow-water drilling rigs to Norwegian startup Borr Driling for $1.35 billion as it continues to streamline its operations in response to the oil price bust. The median estimate represents a +13.07% increase from the last price of 12.47. Sales growth past 5 years was measured at -12.30%.
During the 52-week period, the stock hit a high of $16.66 and a low of $8.34. The Average Volume of the company is 12.54 Million and P/E (price to earnings) ratio is 5.88, while Forward P/E ratio is 0. The stock remained 2.74% volatile for the week and 4.68% for the month. The growth estimate for the next quarter is -147.1 percent. The company projects a long term annual growth estimate of -77.4 percent. Net profit margin of the company was recorded at 18.7 percent, operating profit margin was 27.2 percent, whereas gross profit margin stands at 54.9 percent.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent.