With 11.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 20.07 million shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $4.44 whereas the lowest price it dropped to was $4.27. The 52-week range on RIG shows that it touched its highest point at $6.88 and its lowest point at $3.85 during that stretch. It currently has a 1-year price target of $5.22. Beta for the stock currently stands at 2.72.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIG was up-trending over the past week, with a rise of 0.68%, but this was up by 4.01% over a month. Three-month performance surged to 6.52% while six-month performance fell -18.33%. The stock lost -32.77% in the past year, while it has lost -30.55% so far this year. A look at the trailing 12-month EPS for RIG yields -0.76 with Next year EPS estimates of 0.16. For the next quarter, that number is 0.00. This implies an EPS growth rate of 87.37% for this year and 231.79% for next year.
Float and Shares Shorts:
At present, 875.80 million RIG shares are outstanding with a float of 731.03 million shares on hand for trading. On 2024-11-15, short shares totaled 147.49 million, which was 1684.0 higher than short shares on 1728950400. In addition to Mr. Jeremy D. Thigpen as the firm’s CEO & Executive Director, Mr. Keelan I. Adamson serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.71412003 of RIG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, RIG reported revenue of $948000000.0 and operating income of $148000000.0. The EBITDA in the recently reported quarter was $357000000.0 and diluted EPS was -$0.58.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIG since 15 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RIG analysts setting a high price target of 6.5 and a low target of 4.5, the average target price over the next 12 months is 5.33077. Based on these targets, RIG could surge 47.39% to reach the target high and rise by 2.04% to reach the target low. Reaching the average price target will result in a growth of 20.88% from current levels.
Analysts have provided yearly estimates in a range of -$0.10511 being high and -$0.13745 being low. For RIG, this leads to a yearly average estimate of -$0.12128. The surprise factor in the prior quarter was -$0.1. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.02.
