David A. Tonnel, who serves as the Chief Administrative Officer of Transocean Ltd., was the one who sold 14,541 shares of the company’s stock on January 18, 2019. In total, 89,427.15 dollars were spent on the acquisition of the stock, which works out to a price of $6.15 per share. The chief accounting officer currently holds a direct ownership stake in the company that amounts to 277,067 shares and has a value of $1,703,962.05. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
The most recent quarterly earnings report for Transocean was released on November 2, and it is listed on the NYSE under the ticker symbol “RIG.” You can find more information about this report here. The offshore drilling services provider reported earnings per share for the quarter of $0.06, which was $0.09 higher than the consensus projection of $0.15. The company’s revenue for the quarter was also $0.06 million. The actual revenue the company brought in during the quarter was $691 million, which is significantly higher than the $665.24 million in revenue projected for the company during the quarter. The return on equity and the net margin Transocean reported were below zero. The return on equity was -3.74%, and the net margin was -20.50%. The company’s revenue saw a 10.4% increase compared to the previous fiscal year’s numbers. Compared to the previous year’s results, the company posted a loss of $0.19 per share for the period in question. The revenue for the current fiscal year is expected to leave Transocean Ltd. in the red by 0.55 cents per share, according to projections made by specialists in the industry.
During recent years, significant shareholders in the company have been active in taking action to bring about change. Independence Bank of Kentucky committed approximately $27,000 during the fourth quarter to purchase new Transocean shares to launch a brand-new investment. During the third quarter, Citizens Business Bank invested approximately $25,000 in value in Transocean. Transparent Wealth Partners LLC increased its investment in Transocean by approximately $25,000 during the third quarter, bringing the total value of its holdings to approximately $70,000 at the end of the period. In the third quarter, Kestra Advisory Services LLC increased its investment in Transocean by approximately $25,000 more than it had in the previous quarter. And finally, during the third quarter of 2018, Penn Capital Management Company LLC added a new Transocean position, which resulted in an increase of approximately $25,000 to the value of the company’s portfolio. Institutional investors and investors who participate in hedge funds collectively hold 55.16% of the company’s shares.
On Friday, the price of NYSE RIG rose by $0.24, bringing it to $5.95. This increase occurred during the trading hours of the day. Only 554,604 shares of the company’s stock were traded, a significantly lower volume than the stock’s typical trading volume of 28,994,100 shares. The average price paid by customers for the company’s products over the past 50 days is $4.50, while the average price paid over the last 200 days is $3.70. A debt-to-equity ratio comes in at 0.57; a quick ratio comes in at 1.38; a current ratio comes in at 1.64; and a quick ratio comes in at 1.38. A price-to-earnings ratio of -7.14 and a beta value of 2.79 are both associated with the stock. The company has a market capitalization of $4.30 billion at present. Over the previous year, the price of a share of Transocean Ltd. ranged from a low of $2.32 to a high of $6.18.
Several equity experts have compiled and published recent reports on the RIG stock. These reports were published recently. In a report released on Friday, November 18, Piper J. Sandler upgraded their target price on Transocean from $4.00 to $5.00 and gave the company a “neutral” rating. In addition, a “buy” recommendation was issued for the company. In a research report published on Monday, October 17, Susquehanna lowered their price target on Transocean from $4.20 to $3.30 and gave the stock a “neutral” rating. The report was about the company’s stock. The stock of the company was the subject of the study. Barclays upgraded Transocean’s stock to “overweight” and increased their price objective for the company from $5 to $6 in a research note published on Tuesday, November 8. Benchmark discussed Transocean for the first time in a research paper made available for public consumption on Thursday. They suggested purchasing the stock and determined that a price target of $7.50 was appropriate. In a research report made available for the general public on November 4, StockNews.com changed its recommendation for Transocean from “sell” to “hold.” In comparison, four research analysts have given the company a rating of “hold,” while five research analysts have given the company a rating of “buy.” According to Bloomberg, the price target that has been decided upon for Transocean is currently $4.94, and the company is rated as having a moderate buy rating
Offshore contract drilling services can be provided by Transocean Ltd. and its subsidiaries to oil and gas wells located anywhere in the world. These services can be utilized by oil and gas wells. When it comes to drilling oil and gas wells, it outsources the work using the mobile offshore drilling rigs, accompanying tools, and work crews that it owns. These rigs are located in deep water. As of February 14 in the year 2022, the company had a fleet of 37 mobile offshore drilling units that it owned and maintained. This fleet included 27 ultra-deepwater floaters and ten severe weather floaters. The floaters for extreme conditions were created for extremely deep water.