Q2 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG - Free Report) - Equities researchers at Zacks Research reduced their Q2 2025 earnings per share estimates for shares of Transocean in a research note issued on Monday, June 9th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings of ($0.02) per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q3 2026 earnings at $0.07 EPS, FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.16 EPS.

Several other equities research analysts have also weighed in on RIG. Barclays reduced their target price on Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a report on Monday, April 7th. BTIG Research set a $5.00 target price on Transocean and gave the stock a "buy" rating in a report on Monday, May 5th. SEB Equity Research set a $2.80 target price on Transocean in a report on Wednesday, March 5th. Morgan Stanley reduced their target price on Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a report on Friday, May 16th. Finally, Citigroup reduced their target price on Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.58.

Transocean Stock Up 0.3%

Shares of NYSE RIG traded up $0.01 during trading hours on Thursday, hitting $3.21. The stock had a trading volume of 50,765,559 shares, compared to its average volume of 27,771,316. The firm's 50-day moving average price is $2.46 and its two-hundred day moving average price is $3.21. Transocean has a 52 week low of $1.97 and a 52 week high of $5.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. The company has a market capitalization of $2.84 billion, a P/E ratio of -4.40, a P/E/G ratio of 0.86 and a beta of 2.54.

Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $906.00 million during the quarter, compared to analysts' expectations of $884.92 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS.

Institutional Trading of Transocean

A number of large investors have recently bought and sold shares of the stock. Fruth Investment Management grew its position in Transocean by 5.6% in the first quarter. Fruth Investment Management now owns 91,065 shares of the offshore drilling services provider's stock valued at $288,000 after acquiring an additional 4,800 shares during the period. Goldman Sachs Group Inc. grew its position in Transocean by 88.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider's stock valued at $38,521,000 after acquiring an additional 5,719,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Transocean by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 434,031 shares of the offshore drilling services provider's stock valued at $1,376,000 after acquiring an additional 18,957 shares during the period. Integrated Wealth Concepts LLC grew its position in Transocean by 12.1% in the first quarter. Integrated Wealth Concepts LLC now owns 69,637 shares of the offshore drilling services provider's stock valued at $221,000 after acquiring an additional 7,520 shares during the period. Finally, Ion Asset Management Ltd. grew its position in Transocean by 7.5% in the first quarter. Ion Asset Management Ltd. now owns 4,300,000 shares of the offshore drilling services provider's stock valued at $13,631,000 after acquiring an additional 300,000 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $2.23, for a total value of $49,060.00. Following the completion of the transaction, the executive vice president now directly owns 362,841 shares in the company, valued at approximately $809,135.43. This represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.27% of the stock is currently owned by corporate insiders.

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.