Transocean Q2 EPS Forecast Cut by Capital One Financial

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) - Capital One Financial dropped their Q2 2026 EPS estimates for shares of Transocean in a report released on Monday, September 15th. Capital One Financial analyst D. Becker now forecasts that the offshore drilling services provider will earn $0.04 per share for the quarter, down from their previous 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 brokerages also recently commented on RIG. Barclays boosted their price objective on shares of Transocean from $3.50 to $4.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Transocean from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.26.

Transocean Trading Down 4.0%

RIG traded down $0.14 during trading on Wednesday, reaching $3.32. The company had a trading volume of 43,976,785 shares, compared to its average volume of 23,892,552. The company has a quick ratio of 0.99, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The stock has a market cap of $3.13 billion, a P/E ratio of -1.78, a PEG ratio of 6.39 and a beta of 2.79. Transocean has a 52 week low of $1.97 and a 52 week high of $4.74. The business has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $2.80.

Institutional Investors Weigh In On Transocean

A number of large investors have recently made changes to their positions in RIG. Josh Arnold Investment Consultant LLC purchased a new position in Transocean in the second quarter valued at about $26,000. Blume Capital Management Inc. boosted its stake in shares of Transocean by 125.9% during the 2nd quarter. Blume Capital Management Inc. now owns 10,560 shares of the offshore drilling services provider's stock worth $27,000 after acquiring an additional 5,885 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Transocean during the 2nd quarter worth about $27,000. Parallel Advisors LLC boosted its position in Transocean by 154.8% during the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock worth $28,000 after purchasing an additional 5,353 shares during the period. Finally, Verum Partners LLC bought a new stake in Transocean during the second quarter worth approximately $28,000. Institutional investors and hedge funds 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.