Transocean (NYSE:RIG - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Monday, August 4th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $972.37 million for the quarter.
Transocean (NYSE:RIG - Get Free Report) last issued 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 18.79% and a negative return on equity of 0.94%. Transocean's revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Transocean Stock Down 0.8%
RIG stock traded down $0.03 during midday trading on Thursday, reaching $2.93. 12,635,871 shares of the company's stock traded hands, compared to its average volume of 37,282,156. The firm's fifty day moving average price is $2.81 and its 200-day moving average price is $2.95. Transocean has a 52 week low of $1.97 and a 52 week high of $5.98. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -3.08, a P/E/G ratio of 5.85 and a beta of 2.50. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Susquehanna reduced their target price on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a report on Friday, May 16th. BTIG Research set a $5.00 target price on Transocean and gave the stock a "buy" rating in a research report on Monday, May 5th. Barclays decreased their target price on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, Wall Street Zen raised Transocean from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Transocean has a consensus rating of "Hold" and a consensus price target of $4.58.
Get Our Latest Research Report on Transocean
Insiders Place Their Bets
In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $2.78, for a total value of $61,160.00. Following the transaction, the executive vice president directly owned 340,841 shares in the company, valued at $947,537.98. The trade was a 6.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.27% of the company's stock.
Institutional Investors Weigh In On Transocean
Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in Transocean by 12.1% during the 1st 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $1,376,000 after purchasing an additional 18,957 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 5,719,637 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Transocean Company Profile
(
Get Free Report)
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.
Recommended Stories

Before you consider Transocean, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transocean wasn't on the list.
While Transocean currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.