Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research lowered their Q1 2026 earnings estimates for shares of Transocean in a report released on Tuesday, October 22nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.14. The consensus estimate for Transocean’s current full-year earnings is ($0.18) per share.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.25 million. Transocean had a negative net margin of 11.34% and a negative return on equity of 4.76%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share.

Several other equities research analysts have also issued reports on RIG. Barclays decreased their price target on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday. Benchmark lowered shares of Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley lifted their target price on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Susquehanna cut their target price on shares of Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Finally, Citigroup downgraded shares of Transocean from a “buy” rating to a “neutral” rating in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.69.

Transocean Trading Down 0.5 %

Shares of Transocean stock opened at $4.09 on Friday. The firm has a market capitalization of $3.58 billion, a PE ratio of -9.09 and a beta of 2.79. The company has a current ratio of 1.36, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $4.45 and its 200 day moving average is $5.18. Transocean has a 1 year low of $3.85 and a 1 year high of $7.06.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RIG. Vanguard Group Inc. lifted its position in shares of Transocean by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 68,552,192 shares of the offshore drilling services provider’s stock valued at $435,306,000 after acquiring an additional 4,107,956 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Transocean by 56.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 49,211 shares of the offshore drilling services provider’s stock valued at $309,000 after acquiring an additional 17,715 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Transocean by 50.7% during the 1st quarter. Hodges Capital Management Inc. now owns 124,340 shares of the offshore drilling services provider’s stock valued at $781,000 after acquiring an additional 41,840 shares during the period. Cannon Global Investment Management LLC bought a new stake in Transocean during the 1st quarter valued at $249,000. Finally, MorganRosel Wealth Management LLC bought a new stake in Transocean during the 1st quarter valued at $251,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Transocean

In other news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $5.23 per share, for a total transaction of $10,460,000.00. Following the transaction, the director now owns 89,574,894 shares of the company’s stock, valued at approximately $468,476,695.62. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $5.23 per share, for a total transaction of $10,460,000.00. Following the transaction, the director now owns 89,574,894 shares of the company’s stock, valued at approximately $468,476,695.62. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Perestroika purchased 1,500,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the transaction, the director now directly owns 91,074,894 shares in the company, valued at approximately $376,139,312.22. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 13.16% of the company’s stock.

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.