Zacks Research Estimates Transocean's Q3 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG - Free Report) - Analysts at Zacks Research upped their Q3 2025 earnings estimates for shares of Transocean in a note issued to investors on Monday, June 9th. Zacks Research analyst N. Choudhury now expects that the offshore drilling services provider will earn $0.05 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q1 2027 earnings at $0.03 EPS.

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

RIG has been the topic of several other research reports. BTIG Research set a $5.00 target price on shares of Transocean and gave the company a "buy" rating in a research note on Monday, May 5th. SEB Equity Research set a $2.80 price objective on shares of Transocean in a report on Wednesday, March 5th. Susquehanna dropped their target price on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Barclays decreased their price target on Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley dropped their price objective on Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Transocean presently has an average rating of "Hold" and an average target price of $4.58.

Transocean Stock Performance

Shares of NYSE:RIG traded up $0.01 on Wednesday, hitting $3.21. The company's stock had a trading volume of 50,765,559 shares, compared to its average volume of 27,770,432. Transocean has a 12 month low of $1.97 and a 12 month high of $5.98. The stock's 50-day moving average is $2.47 and its two-hundred day moving average is $3.20. 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 price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 0.86 and a beta of 2.54.

Institutional Trading of Transocean

A number of hedge funds have recently made changes to their positions in RIG. Fruth Investment Management boosted its stake in shares of Transocean by 5.6% during the 1st quarter. Fruth Investment Management now owns 91,065 shares of the offshore drilling services provider's stock valued at $288,000 after buying an additional 4,800 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Transocean by 88.9% in the 1st 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 buying an additional 5,719,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Transocean by 4.6% during 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 in the last quarter. Integrated Wealth Concepts LLC lifted its stake 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 last quarter. 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 worth $13,631,000 after acquiring an additional 300,000 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the transaction, the executive vice president now owns 340,841 shares in the company, valued at approximately $947,537.98. The trade was a 6.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.27% of the stock is currently owned by 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.