Transocean (RIG) Expected to Announce Earnings on Monday

Transocean (NYSE:RIG - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect Transocean to post earnings of ($0.12) per share and revenue of $884.92 million for the quarter.

Transocean (NYSE:RIG - Get Free Report) last posted its earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $884.92 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Transocean Price Performance

Shares of NYSE:RIG traded down $0.05 during trading on Wednesday, reaching $2.15. The stock had a trading volume of 27,532,541 shares, compared to its average volume of 24,660,363. The business has a fifty day moving average price of $2.73 and a 200-day moving average price of $3.57. Transocean has a 1-year low of $1.97 and a 1-year high of $6.38. 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 stock has a market cap of $1.90 billion, a PE ratio of -2.95, a PEG ratio of 0.86 and a beta of 2.29.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $2.23, for a total value of $49,060.00. Following the completion of the transaction, the executive vice president now owns 362,841 shares in the company, valued at $809,135.43. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 13.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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. Citigroup decreased their price target on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Evercore ISI lowered Transocean from an "outperform" rating to an "in-line" rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Morgan Stanley cut their target price on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Finally, Barclays lowered their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Transocean has an average rating of "Hold" and an average price target of $4.59.

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.