Is Transocean Ltd (NYSE: RIG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that N/A.

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Stocks Info

Transocean Ltd is listed on the NYSE in the Energy sector while operating in the Oil & Gas Drilling industry. The current market capitalization of Transocean Ltd is $3.63B. A total of 21.1 million shares were traded on the day, compared to an average of 19.62M shares.

In the most recent transaction, Perestroika (Cyprus) Ltd bought 2,000,000 shares of RIG for 5.23 per share on Aug 02 ’24. After the transaction, the Director now owns 89,574,894 company shares. In a previous transaction on Aug 02 ’24, Perestroika bought 2,000,000 shares at 5.23 per share. RIG shares that Director owns now total 89,574,894.

Among the insiders who bought shares, Mohn Frederik Wilhelm acquired of 2,000,000 shares on Aug 02 ’24 at a per-share price of $5.23. This resulted in the Director holding 89,574,894 shares of RIG after the transaction. In another insider transaction, Perestroika (Cyprus) Ltd bought 2,000,000 shares at $6.01 per share on May 15 ’24. Company shares held by the Director now total 87,574,894.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RIG has a high of $8.88 and a low of $3.85.

As of this writing, RIG has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 9.0 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.36 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RIG’s latest balance sheet shows that the firm has $976.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.69B in debt and $1.30B in liabilities at the time. Its Book Value Per Share was $12.23, while its Total Shareholder’s Equity was $11.21B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIG is Buy with a score of 3.85.

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