Q2 EPS Estimates for Transocean Decreased by Analyst

Key Points

• Capital One Financial has reduced its Q2 2026 EPS forecast for Transocean from $0.05 to $0.04, while the consensus estimate for full-year earnings is currently $0.14 per share.
• Barclays raised the target price for Transocean shares from $3.50 to $4.00 and gave the stock an "overweight" rating, indicating positive market sentiment.
• Significant institutional activity includes a 125.9% increase in holdings by Blume Capital Management and multiple new stakes purchased during the second quarter, indicating growing investor interest.

Transocean Ltd. (NYSE:RIG - Free Report) - Equities research analysts at Capital One Financial cut their Q2 2026 earnings estimates for shares of Transocean in a research report issued to clients and investors on Monday, September 15th. Capital One Financial analyst D. Becker now anticipates that the offshore drilling services provider will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.05. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Capital One Financial also issued estimates for Transocean's Q1 2027 earnings at $0.04 EPS and FY2027 earnings at $0.05 EPS.

A number of other research firms also recently commented on RIG. Wall Street Zen upgraded Transocean from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Barclays increased 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. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Transocean presently has an average rating of "Hold" and a consensus price target of $4.26.

Transocean Price Performance

RIG traded down $0.14 during trading on Wednesday, reaching $3.32. 43,976,785 shares of the company traded hands, compared to its average volume of 23,892,552. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.26. Transocean has a 12-month low of $1.97 and a 12-month high of $4.74. The firm has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $2.80. The company has a market cap of $3.13 billion, a P/E ratio of -1.78, a PEG ratio of 6.66 and a beta of 2.79.

Hedge Funds Weigh In On Transocean

A number of large investors have recently added to or reduced their stakes in the company. Josh Arnold Investment Consultant LLC acquired a new position in shares of Transocean during the second quarter valued at about $26,000. Blume Capital Management Inc. boosted its position in Transocean by 125.9% in the second quarter. Blume Capital Management Inc. now owns 10,560 shares of the offshore drilling services provider's stock valued at $27,000 after buying an additional 5,885 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Transocean in the second quarter valued at approximately $27,000. Parallel Advisors LLC boosted its position in Transocean by 154.8% in the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock valued at $28,000 after buying an additional 5,353 shares during the last quarter. Finally, Verum Partners LLC purchased a new stake in Transocean in the second quarter valued at approximately $28,000. 67.73% of the stock is currently owned by institutional investors.

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.