rig stock price

by Giuseppe Hammes Published 3 years ago Updated 2 years ago

What does target price mean in stocks?

What Is A Target Price In Stocks?

A target price is an estimate of the future price of a stock. …
Target prices can be used to evaluate stocks and may be even more useful than an equity analyst’s rating.
While opinion-based ratings have limited value, target prices can help investors evaluate the potential risk/reward profile of the stock.

Is target stock a Buy Right Now?

Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $4.70.

What is target stock value?

When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

How good are analyst price targets?

When an analyst raises their price target for a stock, they generally expect the stock price to rise. Conversely, lowering their price target may mean that the analyst expects the stock price to fall. Price targets are an organic factor in financial analysis; they can change over time as new information becomes available.

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Is RIG stock a good buy?

The financial health and growth prospects of RIG, demonstrate its potential to outperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

What is the future of Transocean stock?

On the 18th of July 2022 Transocean is traded for 2.67. The entity has historical hype elasticity of 0.01 and average elasticity to hype of competition of 0.3. Transocean is forecasted to decline in value after the next headline with price expected to drop to 2.48.

What is the highest Transocean stock has ever been?

The all-time high Transocean stock closing price was 185.31 on November 06, 2007.

Why is Transocean stock so cheap?

Transocean's undervaluation Its revenue and therefore the stock price relies heavily on the oil prices. Big Oil invests heavily in offshore drilling contracts if it is profitable for them to do so. It is therefore obvious that there is a correlation between the oil prices and the company's stock price.

Will Transocean survive?

On the contrary, Transocean is looking at debt reduction in the range of $2.3 billion to $3.9 billion through 2026. Overall, the credit profile of Transocean will improve and this will have a positive impact on RIG stock. With these factors on consideration, RIG stock looks attractive.

How high can Transocean stock?

Stock Price Forecast The 11 analysts offering 12-month price forecasts for Transocean Ltd have a median target of 4.00, with a high estimate of 6.00 and a low estimate of 3.50. The median estimate represents a +19.76% increase from the last price of 3.34.

Is rig undervalued?

The regular price of the company is $2.84. Based on Macroaxis valuation methodology, the company appears to be undervalued.

How do I buy rig stock?

Transocean Ltd is an oil & gas drilling business based in the US. Transocean shares (RIG) are listed on the NYSE and all prices are listed in US Dollars....How to buy shares in TransoceanCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...

Does Schlumberger own Transocean?

Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy drilling company.

What is rig investment?

RIG Investments is a privately owned venture capital company based in Amsterdam, The Netherlands. RIG is managed by an experienced investment team, headed by its founder and CEO Henk Keilman. Our investment focus is on innovative, technology driven companies with good management and excellent growth potential.

How does Transocean make money?

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs.

Is Transocean still in business?

On paper, Transocean is in better shape than some of its rivals. Led by Chief Executive Officer Jeremy Thigpen and headquartered in Steinhausen, Switzerland, the company has enough liquidity and contracts to keep operating until 2023, according to industry watchers.

Should I buy or sell Transocean stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currentl...

What is Transocean's stock price forecast for 2022?

4 Wall Street research analysts have issued 12-month target prices for Transocean's stock. Their forecasts range from $3.85 to $5.00. On average, t...

How has Transocean's stock performed in 2022?

Transocean's stock was trading at $2.76 at the beginning of the year. Since then, RIG shares have increased by 57.2% and is now trading at $4.34....

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022. View our earnings forecast for Transocean .

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) issued its quarterly earnings results on Monday, May, 2nd. The offshore drilling services provider reported ($0.28) earn...

Who are Transocean's key executives?

Transocean's management team includes the following people: Mr. Jeremy D. Thigpen , CEO & Exec. Director (Age 47, Pay $6.05M) Mr. Keelan I. Adam...

What is Jeremy D. Thigpen's approval rating as Transocean's CEO?

57 employees have rated Transocean CEO Jeremy D. Thigpen on Glassdoor.com . Jeremy D. Thigpen has an approval rating of 60% among Transocean's emp...

Who are some of Transocean's key competitors?

Some companies that are related to Transocean include Helmerich & Payne (HP) , Valaris (VAL) , Baytex Energy (BTEGF) , Patterson-UTI Energy (PT...

What other stocks do shareholders of Transocean own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA) , Endologix (ELG...

About Transocean

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Transocean (NYSE:RIG) Frequently Asked Questions

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What is the Vickers Top Insider Picks?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Transocean stock.

Is Transocean a RIG?

Daily – Vickers Top Insider Picks for 09/17/2021 The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

How to calculate restricted stock?

Transocean (RIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Who owns restricted shares of a company?

To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded. A company's dividend expressed as a percentage of its current stock price.

How to calculate money flow?

Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public.

How long are futures trading delayed?

Money flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an "uptick" in price and the value of trades made on a "downtick" in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes.

How often do exchanges report short interest?

Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Source: FactSet

What is dividend percentage?

Percentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.

Does RIG pay dividends?

A company's dividend expressed as a percentage of its current stock price.

Transocean Ltd

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How much did Transocean buy Ocean Rig?

What are the different grades for stocks?

In December 2018, Transocean snapped up smaller rival Ocean Rig UDW for $2.7-billion. The deal further strengthened its portfolio, in turn expanding fleet size and quality. Notably, the acquisition gave Transocean 11 mobile offshore drilling units, including nine ultra-deepwater floaters and two harsh environment floaters.

What is an X industry?

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

How many X is Zacks?

The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. The Zacks database contains over 10,000 stocks.

How many sectors are there in Zacks?

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Who owns Songa Offshore?

The Zacks Sector Rank assigns a rating to each of the 16 Sectors based on their average Zacks Rank.

What is ZER research?

In early 2018, Transocean acquired Norway-based drilling contractor Songa Offshore for $3.4 billion. As a result of the transaction, the company got seven mobile offshore drilling units, including five harsh environment floaters and two midwater floaters.

When will Ring release earnings for the first quarter of 2021?

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

How much is the company's revenue in 2021?

First Quarter 2021 Earnings Release and Conference Call Information Earnings release to be issued after close of trading on Monday, May 10, 2021; andEarnings conference call to be held on Tuesday, May 11, 2021 at 11:00 AM ET. Ring plans to issue its first quarter 2021 earnings release after the close of trading on Monday, May 10, 2021.

What is the Vickers top buyer and seller report?

Revenues were $39.5 million for the first quarter of 2021 compared to $31.4 million for the fourth quarter of 2020 and $39.6 million for the first quarter of 2020. The 26% increase in first quarter 2021 revenues from the fourth quarter 2020 was due to higher realized pricing partially offset by lower sales volumes.

How much is production tax in 2021?

Daily – Vickers Top Buyers & Sellers for 08/24/2021 The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

How much is interest expense in 2021?

Production Taxes: Production taxes were $2.59 per Boe in the first quarter of 2021 compared to $1.75 per Boe in the fourth quarter of 2020 and $1.90 per Boe in first quarter of 2020. As a percent of revenues, production tax remained steady at 5% for all three periods.

What is the number for the Ring Energy conference call 2021?

Interest Expense: Interest expense, as reported in the income statement, in the first quarter of 2021 was $3.7 million versus $4.7 million in the fourth quarter of 2020 and $4.2 million for the first quarter of 2020.

How much debt did Ring pay down in 2021?

Please reference the “Ring Energy First Quarter 2021 Earnings Conference Call.”. International callers may participate by dialing 412-902-6510. The call will also be webcast and available on Ring’s website at www.ringenergy.com under “Investors” on the “Events” page.