Transocean (RIG) Stock Price, News & Analysis

Company Overview

Transocean Ltd. is an offshore contract drilling company that provides drilling services to the international oil and gas industry. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater and harsh-environment drillships and semisubmersible rigs, which are contracted by energy companies to drill exploration, appraisal and development wells.

Transocean’s services support offshore drilling programs in challenging environments around the world. Its operations have included activity in the Gulf of Mexico, Brazil, the North Sea, West Africa and other major offshore regions. The company’s fleet and technical capabilities are focused primarily on deepwater and ultra-deepwater projects, where specialized equipment and experienced crews are required.

Transocean traces its origins to 1926 and has expanded through industry consolidation, including its 2007 merger with GlobalSantaFe and acquisitions of Songa Offshore and Ocean Rig in 2018. Transocean Ltd. is incorporated in Switzerland and maintains significant operational and corporate activities in the United States. The company is led by Chief Executive Officer Jeremy Thigpen.

Key Stats

• Today's Range: $5.46 to $5.61
• 50-Day Range: $5.14 to $6.22
• 52-Week Range: $3.07 to $7.66
• Volume: 30.57 million shs
• Average Volume: 42.53 million shs
• Market Capitalization: $6.20 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.68
• Consensus Rating: Hold

Transocean Stock Analysis - MarketRank™

Transocean scored higher than 65% of companies evaluated by MarketBeat, and ranked 106th out of 246 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Hold

Consensus Rating

Transocean has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 strong buy ratings, 3 buy ratings, 4 hold ratings, and 3 sell ratings.

Upside Potential

Transocean has a consensus price target of $6.68, representing about 20.2% upside from its current price of $5.56.

Amount of Analyst Coverage

Transocean has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 55.56%

Earnings Growth

Earnings for Transocean are expected to grow by 55.56% in the coming year, from $0.18 to $0.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Transocean is -2.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Transocean is -2.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Transocean has a PEG Ratio of 3.99. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Transocean has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.54% of the float of Transocean has been sold short.

Short Interest Ratio / Days to Cover

Transocean has a short interest ratio ("days to cover") of 6.08.

Change versus previous month

Short interest in Transocean has recently increased by 4.80%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Transocean does not currently pay a dividend.

Dividend Growth

Transocean does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Transocean will have a dividend payout ratio of 214.29% in the coming year. This indicates that Transocean may not be able to sustain their current dividend.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.80

News Sentiment

Transocean has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Transocean this week, compared to 8 articles on an average week.

Search Interest

Only 13 people have searched for RIG on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

17 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is an increase of 325% compared to the previous 30 days.

Company Ownership

• Score: 1.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Transocean insiders have not sold or bought any company stock.

Percentage Held by Insiders

9.70% of the stock of Transocean is held by insiders.

Percentage Held by Institutions

67.73% of the stock of Transocean is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 8/05/2026
• Today: 10/08/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Energy Equipment & Services
• Sub-Industry: Oil & Gas Drilling
• Current Symbol: NYSE:RIG
• CIK: 1451505
• Web: www.deepwater.com
• Phone: +41417490500
• Fax: 41 71 323 27 750
• Employees: 5,600
• Year Founded: 1953

Price Target and Rating

• Average Price Target for Transocean: $6.68
• High Price Target: $10.00
• Low Price Target: $4.50
• Potential Upside/Downside: +20.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.88)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 30.86
• P/E Growth: 3.99
• Net Income: -$2.92 billion
• Net Margins: -40.24%
• Pretax Margin: -39.19%
• Return on Equity: 2.60%
• Return on Assets: 1.37%

Debt

• Debt-to-Equity Ratio: 0.56
• Current Ratio: 1.59
• Quick Ratio: 1.27

Sales & Book Value

• Annual Sales: $3.97 billion
• Price / Sales: 1.56
• Cash Flow: $0.70 per share
• Price / Cash Flow: 7.98
• Book Value: $7.36 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 1,116,880,000
• Free Float: 1,008,543,000
• Market Cap: $6.20 billion
• Optionable: Optionable
• Beta: 1.41