Q2 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG - Free Report) - Equities research analysts at Zacks Research cut their Q2 2025 earnings per share estimates for shares of Transocean in a report released on Monday, March 10th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their prior 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 Q3 2025 earnings at $0.03 EPS, Q1 2026 earnings at $0.04 EPS and FY2027 earnings at $0.18 EPS.

Transocean (NYSE:RIG - Get Free Report) last announced its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). The company had revenue of $952.00 million during the quarter, compared to the consensus estimate of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%.

Other equities research analysts have also recently issued reports about the company. TD Cowen decreased their price target on Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Evercore ISI cut Transocean from an "outperform" rating to an "in-line" rating and decreased their price target for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. SEB Equity Research set a $2.80 price target on Transocean in a report on Wednesday, March 5th. Barclays reduced their target price on Transocean from $4.50 to $4.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Finally, Benchmark reaffirmed a "hold" rating on shares of Transocean in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.42.

Transocean Price Performance

NYSE:RIG traded up $0.19 on Wednesday, reaching $3.04. 38,645,616 shares of the company's stock traded hands, compared to its average volume of 31,533,680. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. The stock has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.99. The firm has a market cap of $2.67 billion, a PE ratio of -4.16, a P/E/G ratio of 0.86 and a beta of 2.72. Transocean has a 12 month low of $2.55 and a 12 month high of $6.88.

Insiders Place Their Bets

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the transaction, the executive vice president now owns 313,072 shares of the company's stock, valued at approximately $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RIG. Pilgrim Global Advisors LLC bought a new position in shares of Transocean during the third quarter valued at approximately $77,473,000. American Century Companies Inc. grew its stake in Transocean by 51.5% in the fourth quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider's stock worth $72,215,000 after purchasing an additional 6,542,271 shares in the last quarter. Renaissance Technologies LLC bought a new position in Transocean in the fourth quarter worth approximately $16,608,000. SIR Capital Management L.P. bought a new position in Transocean in the fourth quarter worth approximately $14,976,000. Finally, Van ECK Associates Corp grew its stake in Transocean by 33.9% in the fourth quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock worth $57,727,000 after purchasing an additional 3,895,880 shares in the last quarter. 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.