Some analysts have a lowest price target on Transocean Ltd. (NYSE:RIG) of $6.5, which would mean a -22.16% gain in value. The closing share price quoted for February 07, 2019 was $8.35. The -5.44% drop might have been tempting for an investor to sell at this point but in fact that would prove a short-sighted mistake, as sell-side analysts think there is almost 259.28% more gain yet to come for shareholders. Analysts seemed to set $30 as highest price target on its way to greater gains. The stock enjoyed an overall uptrend of 20.32% from the beginning of 2019. The average 12-month price target they expect from the stock is $12.14. This mean price target represents 45.39% upside over its previous closing price. The median price target they presented was $12 for the next 12-months, which suggests a 43.71% upside from current levels.
A fresh roundup today notes that RIG stock has lost around -16.5% of its value in the past 12 months, suggesting more investors have expressed concern about about in that time period. If we turn to the Street in general, the positives still outweigh the negatives as we can see that Transocean Ltd. (RIG), have a ,neutral (2.2) analyst consensus rating. In the current time, the stock has 20 buy and 5 hold ratings. The stock registered its 52-week high of $14.47 on September 10 and its 52-week low of $6.19 on December 26. Currently, the shares are trading $-0.06 below its YTD moving average of $8.41.
Moving on, Transocean Ltd. (RIG) last reported its September 2018 earnings. For brief highlights, it performed weak in that quarter, with earnings down -63% year-over-year at $0.06. The company surprised analysts by -160 who were expecting $-0.1 per share. Overall, its quarterly revenues jumped by 15% to reach $816 million, while it had reported $709 million in the same period a year ago. To see what investors should really expect from its December 2018 financial results consensus analyst estimates are calling for current quarter earnings per share of $-0.23, up from $-0.24 in the same quarter a year ago. However, earnings-per-share are expected to see growth of 18.4% in next year. From there, the company believes it can achieve a long-term annual earnings growth rate of 0 %. At the other end of the income statement, we have seen revenue of $2.9 billion over the trailing 12 months.
To help you decide whether it’s worth the wait (and the money), Transocean Ltd. (NYSE:RIG) is currently trading at 0X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 11.46X and comes in below its industry’s 10.93X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $-3.75. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Thursday, February 07 of 2019 shows that the price on average moves $0.42. The average daily volatility is 4.48% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Transocean Ltd. (RIG) volume, you will see that it has changed to 14.56 million shares versus the average daily volume of 16.59 million shares.
When you look at the daily chart for RIG, you will observe the stock held -36.16% losses in the 6-month period and maintains 34.89% distance from its most recent low. The past 5-day performance for the share stays negative at -2.57% but down -2.71% from its three-week moving average. Comparing to 50-day SMA, Transocean Ltd. shares price is now up 1.55%. It also closed -26.05% higher from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Thursday with a 1-month performance at -0.83%.
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