Zacks Research Estimates Transocean's Q1 Earnings (NYSE:RIG)

Key Points

• Zacks Research has upgraded its Q1 2026 earnings estimate for Transocean to $0.04 per share, reflecting a modest increase from the previous estimate of $0.03.
• Barclays has raised its target price for Transocean from $3.50 to $4.00 and assigned the stock an "overweight" rating.
• Insider trades show significant confidence, with Director (Cyprus) Ltd Perestroika purchasing 4 million shares at an average price of $3.05, increasing their stake by 4.39%.

Transocean Ltd. (NYSE:RIG - Free Report) - Investment analysts at Zacks Research lifted their Q1 2026 earnings per share estimates for Transocean in a research report issued to clients and investors on Friday, October 10th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings of $0.04 per share for the quarter, up from their previous forecast of $0.03. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.13 EPS, Q1 2027 earnings at $0.01 EPS, Q3 2027 earnings at $0.02 EPS and FY2027 earnings at $0.07 EPS.

Several other analysts have also issued reports on the company. Barclays boosted their target price on Transocean from $3.50 to $4.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Transocean in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Transocean from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.26.

Transocean Stock Performance

Shares of RIG opened at $3.09 on Monday. The firm has a market cap of $2.91 billion, a PE ratio of -1.66, a PEG ratio of 5.93 and a beta of 2.68. The stock's fifty day moving average price is $3.15 and its two-hundred day moving average price is $2.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 0.99. Transocean has a 1 year low of $1.97 and a 1 year high of $4.74.

Insiders Place Their Bets

In related news, Director (Cyprus) Ltd Perestroika acquired 4,000,000 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average cost of $3.05 per share, for a total transaction of $12,200,000.00. Following the purchase, the director owned 95,074,894 shares in the company, valued at $289,978,426.70. This trade represents a 4.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederik Wilhelm Mohn acquired 4,000,000 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average price of $3.05 per share, for a total transaction of $12,200,000.00. Following the completion of the purchase, the director owned 95,074,894 shares in the company, valued at $289,978,426.70. This trade represents a 4.39% increase in their position. The disclosure for this purchase can be found here. Insiders own 12.54% of the company's stock.

Institutional Trading of Transocean

A number of hedge funds and other institutional investors have recently made changes to their positions in RIG. Yousif Capital Management LLC bought a new stake in shares of Transocean during the 1st quarter valued at $67,000. SG Americas Securities LLC grew its position in Transocean by 3,039.6% during the first quarter. SG Americas Securities LLC now owns 930,599 shares of the offshore drilling services provider's stock worth $2,950,000 after buying an additional 900,958 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Transocean by 594.6% during the first quarter. Exchange Traded Concepts LLC now owns 221,615 shares of the offshore drilling services provider's stock worth $703,000 after buying an additional 189,708 shares in the last quarter. Inscription Capital LLC purchased a new position in Transocean during the first quarter worth about $159,000. Finally, PFG Investments LLC grew its position in Transocean by 24.7% during the first quarter. PFG Investments LLC now owns 243,192 shares of the offshore drilling services provider's stock worth $771,000 after buying an additional 48,105 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

About Transocean

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.

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