FY2025 EPS Estimates for Transocean Lifted by Zacks Research

Transocean Ltd. (NYSE:RIG - Free Report) - Analysts at Zacks Research boosted their FY2025 earnings per share estimates for shares of Transocean in a research note issued on Monday, May 19th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings of $0.01 per share for the year, up from their prior estimate of ($0.02). The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q1 2026 earnings at $0.02 EPS and FY2026 earnings at $0.16 EPS.

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

A number of other equities research analysts have also commented on RIG. SEB Equity Research set a $2.80 price target on Transocean in a research report on Wednesday, March 5th. Susquehanna cut their price target on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Citigroup cut their price target on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. BTIG Research set a $5.00 price objective on Transocean and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Morgan Stanley lowered their price objective on Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.58.

Transocean Trading Up 3.0%

Shares of NYSE RIG traded up $0.08 during trading on Thursday, reaching $2.57. The company had a trading volume of 12,966,634 shares, compared to its average volume of 26,293,716. The company's fifty day moving average price is $2.54 and its 200-day moving average price is $3.33. Transocean has a 12 month low of $1.97 and a 12 month high of $6.25. The stock has a market cap of $2.27 billion, a P/E ratio of -3.51, a PEG ratio of 0.86 and a beta of 2.52. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On Transocean

Several institutional investors and hedge funds have recently bought and sold shares of RIG. Barclays PLC grew its holdings in Transocean by 60.1% during the third quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider's stock valued at $6,902,000 after purchasing an additional 609,681 shares during the period. Arkadios Wealth Advisors grew its holdings in Transocean by 8.8% during the fourth quarter. Arkadios Wealth Advisors now owns 148,083 shares of the offshore drilling services provider's stock valued at $555,000 after purchasing an additional 11,963 shares during the period. Ballentine Partners LLC grew its holdings in Transocean by 19.4% during the fourth quarter. Ballentine Partners LLC now owns 18,247 shares of the offshore drilling services provider's stock valued at $68,000 after purchasing an additional 2,963 shares during the period. PFG Investments LLC grew its position in shares of Transocean by 6.0% in the fourth quarter. PFG Investments LLC now owns 195,087 shares of the offshore drilling services provider's stock valued at $732,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Transocean by 96.2% in the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after purchasing an additional 4,826 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Activity at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the completion of the sale, the executive vice president now directly owns 340,841 shares of the company's stock, valued at approximately $947,537.98. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.27% of the stock is currently owned by company insiders.

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.