The Question Is Whether To Buy Or Not To Buy Transocean Ltd (NYSE: RIG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Transocean Ltd is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Drilling industry. The current market capitalization of Transocean Ltd is $4.09B. A total of 23.48 million shares were traded on the day, compared to an average of 19.22M shares.

In the most recent transaction, Perestroika bought 1,500,000 shares of RIG for 4.13 per share on Sep 12 ’24. After the transaction, the Director now owns 91,074,894 company shares. In a previous transaction on Sep 12 ’24, Perestroika (Cyprus) Ltd bought 1,500,000 shares at 4.13 per share. RIG shares that Director owns now total 91,074,894.

Among the insiders who bought shares, Mohn Frederik Wilhelm acquired of 1,500,000 shares on Sep 12 ’24 at a per-share price of $4.13. This resulted in the Director holding 91,074,894 shares of RIG after the transaction. In another insider transaction, Perestroika (Cyprus) Ltd bought 2,000,000 shares at $5.23 per share on Aug 02 ’24. Company shares held by the Director now total 89,574,894.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RIG has a high of $8.03 and a low of $3.85.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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

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. 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 3.69.

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