Q1 Earnings Forecast for Transocean Issued By Zacks Research

Key Points

• Zacks Research raised its Q1 2026 earnings estimate for Transocean Ltd. to $0.03 per share, up from $0.02, with a full-year estimate remaining at $0.14 per share.
• The stock has a current consensus target price of $4.26, with four analysts rating it as a Buy and six as a Hold.
• Recent institutional investments have increased Transocean's stock ownership, with notable stakes growing significantly during the fourth quarter of the last fiscal year.

Transocean Ltd. (NYSE:RIG - Free Report) - Equities researchers at Zacks Research raised their Q1 2026 EPS estimates for shares of Transocean in a research report issued on Monday, August 25th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings per share of $0.03 for the quarter, up from their prior forecast of $0.02. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q2 2026 earnings at $0.04 EPS, Q4 2026 earnings at $0.04 EPS and FY2026 earnings at $0.14 EPS.

Several other brokerages have also recently issued reports on RIG. Morgan Stanley dropped their target price on Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Friday, May 16th. Barclays upped their target price on Transocean from $3.50 to $4.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Transocean from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, BTIG Research set a $5.00 price target on Transocean and gave the company a "buy" rating in a report on Monday, May 5th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.26.

Transocean Trading Down 0.2%

Shares of Transocean stock traded down $0.01 during trading on Thursday, hitting $3.03. The stock had a trading volume of 9,050,662 shares, compared to its average volume of 35,292,992. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 0.99. The stock has a market cap of $2.85 billion, a PE ratio of -1.63, a PEG ratio of 6.48 and a beta of 2.79. Transocean has a 12 month low of $1.97 and a 12 month high of $4.76. The firm's fifty day simple moving average is $2.87 and its 200-day simple moving average is $2.79.

Institutional Trading of Transocean

A number of hedge funds and other institutional investors have recently modified their holdings of RIG. Dimensional Fund Advisors LP lifted its stake in shares of Transocean by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 40,660,439 shares of the offshore drilling services provider's stock valued at $128,894,000 after purchasing an additional 651,843 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Transocean by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 23,449,768 shares of the offshore drilling services provider's stock worth $60,735,000 after purchasing an additional 2,101,673 shares during the period. Geode Capital Management LLC raised its position in Transocean by 1.8% in the second quarter. Geode Capital Management LLC now owns 18,095,187 shares of the offshore drilling services provider's stock valued at $46,873,000 after purchasing an additional 313,670 shares during the period. Keybank National Association OH increased its stake in Transocean by 14.2% during the first quarter. Keybank National Association OH now owns 13,480,351 shares of the offshore drilling services provider's stock worth $42,733,000 after purchasing an additional 1,672,958 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Transocean by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider's stock worth $38,521,000 after purchasing an additional 5,719,637 shares in the last quarter. 67.73% of the stock is 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.