Analysts Issue Forecasts for Transocean Q2 Earnings

Key Points

• Capital One Financial has projected Transocean will report a Q2 2025 earnings per share (EPS) of ($0.03), while the consensus estimate for the full fiscal year stands at $0.14 per share.
• Shares of Transocean have experienced **rating changes** from several analysts, with Morgan Stanley reducing its price target from $4.00 to $3.50, while BTIG maintains a 'buy' rating with a target price of $5.00.
• Insider transactions reveal a significant sale of shares by EVP Roderick James Mackenzie, who sold 22,000 shares at an average price of $2.78, decreasing his position by 6.06%.

Transocean Ltd. (NYSE:RIG - Free Report) - Equities researchers at Capital One Financial issued their Q2 2025 earnings per share estimates for Transocean in a note issued to investors on Monday, August 4th. Capital One Financial analyst D. Becker expects that the offshore drilling services provider will earn ($0.03) per share for the quarter. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Capital One Financial also issued estimates for Transocean's Q3 2026 earnings at ($0.01) EPS, Q4 2026 earnings at ($0.02) EPS and FY2026 earnings at $0.08 EPS.

A number of other equities analysts have also weighed in on the company. Wall Street Zen upgraded Transocean from a "sell" rating to a "hold" rating in a research note on Sunday. Morgan Stanley lowered their target price on Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Friday, May 16th. Susquehanna lowered their target price on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, BTIG Research set a $5.00 price target on Transocean and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.20.

Transocean Stock Performance

Shares of NYSE RIG traded up $0.14 during trading hours on Wednesday, reaching $3.09. 24,029,437 shares of the stock were exchanged, compared to its average volume of 30,005,356. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -1.66, a P/E/G ratio of 6.63 and a beta of 2.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.26. Transocean has a 52 week low of $1.97 and a 52 week high of $5.32. The stock's fifty day simple moving average is $2.86 and its 200 day simple moving average is $2.89.

Institutional Investors Weigh In On Transocean

Several hedge funds have recently modified their holdings of RIG. Goldman Sachs Group Inc. boosted its holdings in shares of Transocean by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider's stock valued at $38,521,000 after acquiring an additional 5,719,637 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Transocean during the 4th quarter valued at $16,608,000. SIR Capital Management L.P. bought a new position in Transocean during the 4th quarter worth $14,976,000. Nuveen LLC bought a new position in Transocean during the 1st quarter worth $7,774,000. Finally, Kettle Hill Capital Management LLC raised its position in Transocean by 85.7% during the 4th quarter. Kettle Hill Capital Management LLC now owns 4,812,608 shares of the offshore drilling services provider's stock worth $18,047,000 after purchasing an additional 2,221,186 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the sale, the executive vice president owned 340,841 shares of the company's stock, valued at $947,537.98. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.27% of the company's stock.

About Transocean

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.