Transocean Ltd. (NYSE:RIG) Expected to Post Q3 2025 Earnings of $0.02 Per Share

Transocean Ltd. (NYSE:RIG - Free Report) - Research analysts at Zacks Research cut their Q3 2025 EPS estimates for shares of Transocean in a note issued to investors on Monday, April 8th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.03. The consensus estimate for Transocean's current full-year earnings is $0.09 per share. Zacks Research also issued estimates for Transocean's FY2026 earnings at $0.60 EPS.

RIG has been the topic of several other research reports. Morgan Stanley dropped their target price on shares of Transocean from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Susquehanna upgraded shares of Transocean from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $5.50 to $9.00 in a report on Monday. Citigroup dropped their target price on shares of Transocean from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. Barclays dropped their price objective on shares of Transocean from $7.00 to $6.00 and set an "equal weight" rating on the stock in a report on Thursday, February 22nd. Finally, StockNews.com upgraded shares of Transocean to a "sell" rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.50.

Transocean Stock Up 0.8 %

Shares of Transocean stock traded up $0.05 during midday trading on Wednesday, reaching $6.43. 17,876,382 shares of the company's stock traded hands, compared to its average volume of 17,902,504. The company has a market cap of $5.27 billion, a price-to-earnings ratio of -5.06 and a beta of 2.78. The company's 50 day simple moving average is $5.53 and its 200 day simple moving average is $6.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52. Transocean has a 52 week low of $4.45 and a 52 week high of $8.88.

Transocean (NYSE:RIG - Get Free Report) last issued its earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.12. The company had revenue of $741.00 million during the quarter, compared to analyst estimates of $779.17 million. Transocean had a negative net margin of 33.69% and a negative return on equity of 7.13%. During the same quarter last year, the business posted ($0.49) EPS.

Hedge Funds Weigh In On Transocean

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. lifted its position in shares of Transocean by 949.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 126,006 shares of the offshore drilling services provider's stock worth $1,035,000 after purchasing an additional 114,000 shares in the last quarter. Lisanti Capital Growth LLC lifted its position in shares of Transocean by 299.9% during the third quarter. Lisanti Capital Growth LLC now owns 1,770,822 shares of the offshore drilling services provider's stock worth $14,538,000 after purchasing an additional 1,328,032 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Transocean by 180.5% during the third quarter. Janney Montgomery Scott LLC now owns 32,535 shares of the offshore drilling services provider's stock worth $267,000 after purchasing an additional 20,935 shares in the last quarter. Hosking Partners LLP lifted its position in shares of Transocean by 342.7% during the third quarter. Hosking Partners LLP now owns 1,112,543 shares of the offshore drilling services provider's stock worth $9,134,000 after purchasing an additional 861,209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Transocean by 16.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider's stock worth $118,000 after purchasing an additional 2,000 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.