Analyst Research

Transocean LTD (NYSE:RIG): A Look on Target Price Revisions

Transocean LTD (NYSE:RIG) shares traded -0.32% during the most recent session the stock exchanged hands 11.81M shares versus average trading capacity of 10.16M shares, yielding a market cap of $4.15B. Wall Street analysts covering the stock are projecting that the stock will reach $13.99 within the next 52-weeks. The mean target projections are based on 29 opinions, the mean target was last revised on 04/27/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Transocean LTD (NYSE:RIG) high price target of $24.00 and with a conservative view have low price target of $7.00 with a standard deviation of $2.89. If seeing target price from optimistic overview then it has a 118 percent upside potential from the latest closing price of $11.03.

Transocean LTD (NYSE:RIG) received “Initiated” rating by R. F. Lafferty in a research note issued to investors on Feb-09-17 as Buy at $21.

Additionally on Feb-03-17 Transocean LTD (NYSE:RIG) was “Upgraded” by Credit Suisse from Neutral to Outperform and on Feb-02-17 the stock was “Downgraded” by Morgan Stanley from Equal-Weight to Underweight. Furthermore on Jan-25-17 the stock was “Upgraded” by Piper Jaffray from Underweight to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 28.25 along with Average True Range (ATR 14) of 0.38, Consequently Transocean LTD (NYSE:RIG) weekly and monthly volatility is 3.20%, 3.15% respectively. The company’s beta value is at 1.75.

In terms of Buy, Sell or Hold recommendations, Transocean LTD (NYSE:RIG) has an analysts’ mean recommendation of 3.30. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Transocean LTD (NYSE:RIG) will report earnings of -$0.07 for the current quarter on or around 5/3/2017 Before Market Open, however the company’s high EPS estimates are $0.15 and low estimates are -$0.34. However the company reported $0.69 earnings per share for the same quarter during last year.

Previously Transocean LTD (NYSE:RIG) reported $0.63 earnings per share (EPS) for the quarter on 2/23/2017 After Market Close, beating the consensus estimate of $0.04 by $0.59. The company posted an earnings surprise of 1,475.00%.

While considering growth estimates of the company, it has next quarter growth estimates of -152.90% whereas during current quarter it has -110.10% estimations over growth, comparing to the estimations of -133.10% during current year and -79.30% for next year. Past 5 years growth of Transocean LTD (NYSE:RIG) observed at -11.79%, looking forward for the next 5 years it has a strong prediction of 5.00% over growth.

Transocean LTD (NYSE:RIG) revenue estimates for the current quarter are $750.54M according to 23 number of analysts, for the current quarter the company has high revenue estimates of $772M in contradiction of low revenue estimates of $681M. For the current year the company’s revenue estimates are $2.76B compared to low analyst estimates of $2.56B and high estimates of $3.02B according 30 number of analysts.

Currently Transocean LTD (NYSE:RIG) shares owned by insiders are 0.10%, whereas shares owned by institutional owners are 77.50%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 0.26%.

Transocean LTD (NYSE:RIG) trading -33.79% away from its 52 week high of $16.66 and +27.07% far from the stock’s low point over the past 52 weeks, which was $8.68. The stock hit its 52-week high on 12/12/16, and 52-week low on 09/20/16.The Company’s trailing twelve month income is 765.00M dollars.

Transocean LTD (NYSE:RIG) trailing twelve month revenues are $4.16B, whereas its price to sales ratio for the same period is 1.03. Its book value per share for the most recent quarter is $42.36 while its price to book ratio for the same period is 0.26, as for as the company’s cash per share for the most recent quarter is $7.68, however its price to cash per share ratio for the same period is 1.40. The stock has a current PEG ratio of 1.06 where as its trailing twelve month P/E ratio is 5.29.

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