Q1 Earnings Estimate 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) - Zacks Research boosted their Q1 2026 earnings per share estimates for Transocean in a report released on Monday, August 25th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.03 for the quarter, up from their previous estimate 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.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley reduced their target price on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Friday, May 16th. BTIG Research set a $5.00 price objective on shares of Transocean and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen upgraded Transocean from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Barclays lifted their target price on Transocean from $3.50 to $4.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.26.

Transocean Stock Performance

Transocean stock opened at $3.17 on Thursday. The business has a 50 day moving average of $2.86 and a 200-day moving average of $2.82. The company has a market capitalization of $2.98 billion, a P/E ratio of -1.70, a P/E/G ratio of 6.50 and a beta of 2.52. Transocean has a 1 year low of $1.97 and a 1 year high of $4.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 0.99.

Institutional Trading of Transocean

A number of institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in Transocean by 51.5% during the 4th quarter. First Trust Advisors LP now owns 930,851 shares of the offshore drilling services provider's stock worth $3,491,000 after acquiring an additional 316,362 shares during the period. Gotham Asset Management LLC acquired a new stake in Transocean during the fourth quarter worth approximately $698,000. Ensign Peak Advisors Inc grew its stake in Transocean by 17.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 7,152,461 shares of the offshore drilling services provider's stock worth $26,822,000 after purchasing an additional 1,059,893 shares during the period. SG Americas Securities LLC increased its holdings in Transocean by 3,039.6% in the first quarter. SG Americas Securities LLC now owns 930,599 shares of the offshore drilling services provider's stock worth $2,950,000 after purchasing an additional 900,958 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in Transocean by 14.2% in the first quarter. Keybank National Association OH now owns 13,480,351 shares of the offshore drilling services provider's stock valued at $42,733,000 after buying an additional 1,672,958 shares during the period. Institutional investors own 67.73% of the company's stock.

Transocean Company Profile

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.

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