Zacks Research Estimates Transocean's Q2 Earnings (NYSE:RIG)

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

Several other research analysts have also issued reports on RIG. TD Cowen dropped their price target on shares of Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Evercore ISI cut Transocean from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $6.00 to $5.00 in a report on Wednesday, January 15th. Benchmark reaffirmed a "hold" rating on shares of Transocean in a research note on Tuesday, December 3rd. Barclays dropped their price objective on Transocean from $4.50 to $4.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upgraded shares of Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.42.

Transocean Price Performance

Shares of RIG stock traded up $0.19 during mid-day trading on Wednesday, reaching $3.04. The company's stock had a trading volume of 38,645,616 shares, compared to its average volume of 31,533,680. The firm's 50-day moving average is $3.58 and its two-hundred day moving average is $3.98. The company has a market cap of $2.67 billion, a P/E ratio of -4.16, a PEG ratio of 0.86 and a beta of 2.72. Transocean has a 1-year low of $2.55 and a 1-year high of $6.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47.

Transocean (NYSE:RIG - Get Free Report) last issued 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). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The firm had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million.

Hedge Funds Weigh In On Transocean

Several large investors have recently made changes to their positions in RIG. Vanguard Group Inc. raised its holdings in Transocean by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider's stock worth $295,544,000 after purchasing an additional 931,684 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Transocean by 0.4% in the third quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider's stock valued at $239,454,000 after buying an additional 222,680 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Transocean by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,008,596 shares of the offshore drilling services provider's stock valued at $150,029,000 after buying an additional 809,864 shares during the period. State Street Corp boosted its stake in Transocean by 11.0% in the third quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider's stock valued at $83,275,000 after acquiring an additional 1,944,723 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Transocean by 51.5% during the 4th quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider's stock valued at $72,215,000 after acquiring an additional 6,542,271 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total value of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. This trade represents a 6.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.16% of the company's stock.

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.