Transocean (NYSE:RIG) Stock Purchase Reported by Rep. Lisa C. McClain

Key Points

• Rep. Lisa C. McClain purchased $15,001–$50,000 of Transocean stock on September 14 through a Charles Schwab 401(k) account.
• Transocean shares opened at $5.64, near their 50-day average, while the company reported quarterly EPS of $0.03—beating estimates—but revenue declined 2.2% year over year and net margin remained negative.
• Analyst views are mixed: the stock has an overall “Hold” consensus with a $6.68 target price, despite recent upgrades from Zacks Research and Fearnley Fonds. Institutional investors own 67.73% of the company.

Representative Lisa C. McClain (Republican-Michigan) recently bought shares of Transocean Ltd. (NYSE:RIG). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Transocean stock on September 14th. The trade occurred in the Representative's "CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/30/2026.
• Purchased $1,001 - $15,000 in shares of ImmunityBio NASDAQ: IBRX on 9/30/2026.
• Sold $15,001 - $50,000 in shares of Seagate Technology NASDAQ: STX on 9/30/2026.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 9/28/2026.
• Purchased $1,001 - $15,000 in shares of ImmunityBio NASDAQ: IBRX on 9/28/2026.
• Purchased $15,001 - $50,000 in shares of Olin NYSE: OLN on 9/14/2026.
• Purchased $1,001 - $15,000 in shares of Novagold Resources NYSEAMERICAN: NG on 9/14/2026.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 9/14/2026.

Transocean Trading Up 0.8%

NYSE:RIG opened at $5.64 on Wednesday. The firm has a market cap of $6.30 billion, a P/E ratio of -3.00, a PEG ratio of 4.14 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock's 50 day simple moving average is $5.63 and its 200-day simple moving average is $5.84. Transocean Ltd. has a 12-month low of $3.10 and a 12-month high of $7.66.

Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Transocean had a negative net margin of 40.24% and a positive return on equity of 2.60%. The firm had revenue of $966.00 million during the quarter, compared to the consensus estimate of $956.64 million. During the same quarter last year, the firm earned ($1.06) earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Transocean Ltd. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RIG. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Transocean in a research note on Friday, July 17th. Zacks Research raised shares of Transocean from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Fearnley Fonds upgraded shares of Transocean from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Susquehanna cut their target price on shares of Transocean from $8.00 to $7.00 and set a "positive" rating for the company in a research report on Wednesday, July 8th. Finally, Barclays reduced their price target on shares of Transocean from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.68.

Institutional Trading of Transocean

Large investors have recently made changes to their positions in the stock. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of Transocean during the third quarter worth about $7,874,000. Sax Wealth Advisors LLC acquired a new position in shares of Transocean in the third quarter valued at approximately $90,000. GAMMA Investing LLC purchased a new position in shares of Transocean during the third quarter valued at approximately $88,000. Farther Finance Advisors LLC purchased a new position in shares of Transocean during the third quarter valued at approximately $642,000. Finally, Versant Capital Management Inc lifted its stake in shares of Transocean by 15.6% during the third quarter. Versant Capital Management Inc now owns 15,550 shares of the offshore drilling services provider's stock valued at $81,000 after buying an additional 2,099 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Transocean Company Profile

Transocean Ltd. is an offshore contract drilling company that provides drilling services to the international oil and gas industry. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater and harsh-environment drillships and semisubmersible rigs, which are contracted by energy companies to drill exploration, appraisal and development wells.

Transocean's services support offshore drilling programs in challenging environments around the world. Its operations have included activity in the Gulf of Mexico, Brazil, the North Sea, West Africa and other major offshore regions.

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