Investing In Transocean Ltd (NYSE: RIG): Why Should You?

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

The company is listed on the NYSE and operates within the Oil & Gas Drilling industry segment. The current market capitalization of Transocean Ltd is $3.60B. A total of 13.14 million shares were traded on the day, compared to an average of 19.24M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, RIG has a high of $7.16 and a low of $3.85.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.54.

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