Transocean (RIG) Projected to Post Quarterly Earnings on Monday

Transocean (NYSE:RIG - Get Free Report) will likely be posting its Q1 2025 quarterly earnings data after the market closes on Monday, April 28th. Analysts expect the company to announce 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, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. 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

Transocean stock traded up $0.04 during mid-day trading on Friday, hitting $2.33. 25,378,399 shares of the company were exchanged, compared to its average volume of 24,461,077. The company has a market capitalization of $2.06 billion, a PE ratio of -3.19, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The business has a fifty day moving average of $2.79 and a 200 day moving average of $3.60. Transocean has a 1-year low of $1.97 and a 1-year high of $6.38. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

Insider Activity at Transocean

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

Analyst Ratings Changes

RIG has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. SEB Equity Research set a $2.80 target price on shares of Transocean in a research note on Wednesday, March 5th. TD Cowen decreased their price target on Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Barclays cut their price objective on Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Evercore ISI cut Transocean from an "outperform" rating to an "in-line" rating and decreased their target price for the stock from $6.00 to $5.00 in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.