Transocean Ltd (NYSE: RIG) has reported E.P.S. of $0.12 for its first fiscal quarter (ending March 31) versus $-0.64 for the same period a year ago. This performance was $0.02 better than the consensus estimate of $0.10. For the latest four quarters through March 31, E.P.S. were $-0.51 versus $-1.26 for the same period a year ago.
Recent Price Action
On 4/29/24, Transocean Ltd (NYSE: RIG) stock declined slightly by -0.9%, closing at $5.82. NORMAL trading volume accompanied the decline. The stock has risen 2.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RIG is expected to continue to be a modest Value Builder.
Transocean has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Transocean has a very high Appreciation Score of 89 but a very low Power Rating of 2, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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