Transocean (RIG) to Release Earnings on Monday

Key Points

• Transocean to report Q1 2026 results — the company will release results after the close on Monday, May 4, with analysts forecasting $0.06 EPS and $1.0121 billion in revenue and an earnings call on May 5 at 9:00 AM ET.
• In the prior quarter Transocean missed estimates (reported $0.02 EPS vs. $0.09 expected) despite $1.04 billion in revenue and a negative net margin of 73.52%, and analysts now expect $0 EPS for the current and next fiscal years.
• Shares trade near $6.13 with a $6.78 billion market cap; Wall Street's consensus is a "Reduce" with a $6.79 target, insiders own about 9.7% and institutional investors hold roughly 67.7% of the stock.

Transocean (NYSE:RIG - Get Free Report) is expected to be posting its Q1 2026 results after the market closes on Monday, May 4th. Analysts expect Transocean to post earnings of $0.06 per share and revenue of $1.0121 billion for the quarter. Individuals are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 9:00 AM ET.

Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The offshore drilling services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Transocean had a negative net margin of 73.52% and a positive return on equity of 0.41%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned ($0.09) earnings per share. The company's revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Transocean Trading Up 0.2%

Shares of RIG stock opened at $6.13 on Monday. Transocean has a 12-month low of $2.11 and a 12-month high of $7.14. The company has a market capitalization of $6.78 billion, a P/E ratio of -1.94 and a beta of 1.37. The firm has a 50-day moving average price of $6.37 and a 200 day moving average price of $4.99. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.64.

Insider Activity

In other Transocean news, CEO Keelan Adamson sold 58,687 shares of the firm's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $5.00, for a total value of $293,435.00. Following the completion of the sale, the chief executive officer owned 1,222,182 shares in the company, valued at approximately $6,110,910. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Roderick James Mackenzie sold 78,370 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total transaction of $498,433.20. Following the completion of the sale, the executive vice president owned 268,025 shares of the company's stock, valued at $1,704,639. The trade was a 22.62% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 9.70% of the company's stock.

Institutional Investors Weigh In On Transocean

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RIG. Annandale Capital LLC grew its position in shares of Transocean by 17.7% during the 4th quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider's stock worth $69,000 after buying an additional 2,500 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Transocean during the 4th quarter worth approximately $50,000. Wexford Capital LP acquired a new stake in shares of Transocean during the 3rd quarter worth approximately $43,000. PNC Financial Services Group Inc. grew its position in shares of Transocean by 89.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,624 shares of the offshore drilling services provider's stock worth $46,000 after buying an additional 6,885 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Transocean during the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Transocean in a report on Tuesday, April 21st. Clarkson Capital downgraded shares of Transocean from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. BTIG Research lifted their price target on shares of Transocean from $6.00 to $10.00 and gave the company a "buy" rating in a report on Monday, February 9th. Fearnley Fonds downgraded shares of Transocean from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 10th. Finally, Morgan Stanley lifted their price target on shares of Transocean from $5.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Transocean has an average rating of "Reduce" and a consensus target price of $6.79.

Transocean Company Profile

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean's fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company's core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.

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