Capital One Financial Forecasts Transocean FY2025 Earnings

Key Points

• Capital One Financial has increased its FY2025 earnings per share (EPS) estimate for Transocean from $0.02 to $0.03, while the current consensus estimates earnings of $0.14 per share for the full year.
• Transocean's stock has recently been impacted by various ratings, with Barclays upgrading their target price to $4.00 and analysts giving it a mixed rating of "Hold" and "Buy" from multiple firms.
• Notably, insiders have shown confidence in the company, with major purchases of 4,000,000 shares each by director Frederik Wilhelm Mohn and another entity, totaling $12.2 million.

Transocean Ltd. (NYSE:RIG - Free Report) - Investment analysts at Capital One Financial boosted their FY2025 earnings per share (EPS) estimates for Transocean in a note issued to investors on Monday, October 20th. Capital One Financial analyst D. Becker now forecasts that the offshore drilling services provider will earn $0.03 per share for the year, up from their previous forecast of $0.02. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Capital One Financial also issued estimates for Transocean's Q2 2026 earnings at $0.02 EPS and Q2 2027 earnings at $0.04 EPS.

A number of other equities analysts have also weighed in on RIG. Weiss Ratings restated a "sell (d-)" rating on shares of Transocean in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Transocean from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Barclays increased their target price on shares of Transocean from $3.50 to $4.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.26.

Transocean Trading Up 0.8%

Shares of Transocean stock opened at $3.29 on Tuesday. Transocean has a 52-week low of $1.97 and a 52-week high of $4.74. The stock has a market capitalization of $3.10 billion, a P/E ratio of -1.77 and a beta of 2.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.26. The stock's 50-day simple moving average is $3.18 and its 200 day simple moving average is $2.84.

Insider Transactions at Transocean

In other news, Director Frederik Wilhelm Mohn purchased 4,000,000 shares of the business's stock in a transaction dated Friday, September 26th. The shares were purchased at an average price of $3.05 per share, for a total transaction of $12,200,000.00. Following the completion of the acquisition, the director directly owned 95,074,894 shares in the company, valued at $289,978,426.70. This represents a 4.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director (Cyprus) Ltd Perestroika purchased 4,000,000 shares of Transocean stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average cost of $3.05 per share, with a total value of $12,200,000.00. Following the transaction, the director directly owned 95,074,894 shares of the company's stock, valued at $289,978,426.70. This represents a 4.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Transocean

Several large investors have recently bought and sold shares of RIG. 180 Wealth Advisors LLC grew its stake in shares of Transocean by 12.5% in the third quarter. 180 Wealth Advisors LLC now owns 311,501 shares of the offshore drilling services provider's stock worth $972,000 after acquiring an additional 34,650 shares during the period. Griffin Asset Management Inc. purchased a new position in shares of Transocean in the 3rd quarter worth $62,000. CWM LLC grew its holdings in shares of Transocean by 54.0% in the third quarter. CWM LLC now owns 26,789 shares of the offshore drilling services provider's stock worth $84,000 after acquiring an additional 9,393 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Transocean by 44.1% in the third quarter. HBK Sorce Advisory LLC now owns 23,249 shares of the offshore drilling services provider's stock valued at $79,000 after acquiring an additional 7,115 shares during the period. Finally, Beacon Financial Group purchased a new position in Transocean in the third quarter worth about $39,000. 67.73% of the stock is currently owned by institutional investors.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.

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