Q1 Earnings Estimate for Transocean Issued By Zacks Research

Key Points

• Zacks Research raised Transocean’s Q1 2028 EPS estimate to $0.02 from $0.01 and maintained a “Strong-Buy” rating. Full-year earnings are expected at $0.18 per share.
• Analyst sentiment is mixed: Transocean has a consensus “Hold” rating and an average price target of $6.68, despite Strong-Buy and Buy ratings from several firms.
• Transocean’s latest quarter exceeded expectations with $0.03 EPS and $966 million in revenue, although revenue declined 2.2% year over year and the company recorded a negative net margin of 40.24%.

Transocean Ltd. (NYSE:RIG - Free Report) - Equities research analysts at Zacks Research raised their Q1 2028 earnings estimates for shares of Transocean in a report released on Friday, October 23rd. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings of $0.02 per share for the quarter, up from their previous forecast of $0.01. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Transocean's current full-year earnings is $0.18 per share.

Other research analysts have also recently issued reports about the company. Susquehanna reduced their price target on Transocean from $8.00 to $7.00 and set a "positive" rating for the company in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Transocean in a research report on Thursday, October 15th. Barclays dropped their price objective on Transocean from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. Finally, Fearnley Fonds raised shares of Transocean from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.68.

Transocean Stock Performance

RIG opened at $6.54 on Tuesday. Transocean has a 52-week low of $3.68 and a 52-week high of $7.66. The firm has a market capitalization of $7.31 billion, a PE ratio of -3.48, a PEG ratio of 4.69 and a beta of 1.41. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59. The business's 50-day simple moving average is $5.69 and its 200 day simple moving average is $5.78.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $956.64 million. Transocean had a negative net margin of 40.24% and a positive return on equity of 2.60%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted ($1.06) EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Transocean by 27.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider's stock valued at $43,000 after purchasing an additional 1,391 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Transocean by 15.6% in the 3rd quarter. Versant Capital Management Inc now owns 15,550 shares of the offshore drilling services provider's stock worth $81,000 after buying an additional 2,099 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Transocean by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider's stock valued at $101,000 after buying an additional 4,043 shares during the period. Private Advisor Group LLC grew its position in Transocean by 16.4% during the first quarter. Private Advisor Group LLC now owns 31,876 shares of the offshore drilling services provider's stock valued at $211,000 after buying an additional 4,500 shares during the period. Finally, Root Financial Partners LLC grew its position in Transocean by 192.6% during the first quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider's stock valued at $52,000 after buying an additional 5,126 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

About Transocean

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.

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