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RIG
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$3.33
Change
-$0.01 (-0.30%)
Capitalization
2.27B

RIG Price Prediction, Transocean Ltd AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jul 01, 2022

RIG sees MACD Histogram crosses below signal line

RIG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 14, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 22 instances where the indicator turned negative. In 21 of the 22 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on RIG as a result. In of 49 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

RIG moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for RIG crossed bearishly below the 50-day moving average on June 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RIG broke above its upper Bollinger Band on June 07, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RIG's RSI Oscillator exited the oversold zone, of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIG advanced for three days, in of 118 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 76 cases where RIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RIG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: RIG's P/B Ratio (0.204) is slightly lower than the industry average of (1.043). P/E Ratio (18.797) is within average values for comparable stocks, (110.692). RIG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.868) is also within normal values, averaging (0.886).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock worse than average.

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published price charts
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published Earnings

RIG is expected to report earnings to fall 54.04% to -12 cents per share on August 01

Transocean Ltd RIG Stock Earnings Reports
Q2'22
Est.
$-0.13
Q1'22
Missed
by $0.04
Q4'21
Missed
by $0.09
Q3'21
Missed
by $0.04
Q2'21
Missed
by $0.03
The last earnings report on May 02 showed earnings per share of -28 cents, missing the estimate of -24 cents. With 20.63M shares outstanding, the current market capitalization sits at 2.27B.
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published Dividends

RIG paid dividends on September 23, 2015

Transocean Ltd RIG Stock Dividends
А quarterly dividend of $0.15 per share was paid with a record date of September 23, 2015, and an ex-dividend date of August 21, 2015. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Transocean Ltd (NYSE:RIG), Diamond Offshore Drilling (NYSE:DO).

Industry description

The contract drilling industry includes companies that provide onshore and offshore drilling services to the energy sector. Services are delivered on a contractual or per-fee basis. Customers of this industry include major and independent oil and gas companies. Strong oil demand could potentially boost contract fees. Helmerich & Payne, Inc., Transocean Ltd and Patterson-UTI Energy, Inc. are among the major drilling companies in the U.S.

Market Cap

The average market capitalization across the Contract Drilling Industry is 1.13B. The market cap for tickers in the group ranges from 21.2K to 4.58B. HP holds the highest valuation in this group at 4.58B. The lowest valued company is EXLA at 21.2K.

High and low price notable news

The average weekly price growth across all stocks in the Contract Drilling Industry was -2%. For the same Industry, the average monthly price growth was -15%, and the average quarterly price growth was 38%. ESVIF experienced the highest price growth at 9%, while CETEF experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Contract Drilling Industry was -54%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was 75%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 69
Price Growth Rating: 54
SMR Rating: 36
Profit Risk Rating: 95
Seasonality Score: -19 (-100 ... +100)
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published General Information

General Information

a provider of offshore contract drilling services for oil and gas wells

Industry ContractDrilling

Profile
Fundamentals
Details
Industry
Contract Drilling
Address
Turmstrasse 30
Phone
+41 417490500
Employees
5530
Web
https://www.deepwater.com

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RIG and

Correlation & Price change

A.I.dvisor indicates that over the last year, RIG has been closely correlated with PTEN. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIG jumps, then PTEN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RIG
1D Price
Change %
RIG100%
N/A
PTEN - RIG
79%
Closely correlated
-4.00%
NBR - RIG
78%
Closely correlated
-2.20%
HP - RIG
74%
Closely correlated
+1.05%
PDS - RIG
66%
Closely correlated
-0.72%
NE - RIG
62%
Loosely correlated
+0.36%
More