Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research lowered their Q1 2026 earnings per share estimates for Transocean in a note issued to investors on Tuesday, October 22nd. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings per share of $0.12 for the quarter, down from their prior estimate 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 data on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Transocean had a negative return on equity of 4.76% and a negative net margin of 11.34%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.25 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis.

A number of other analysts have also recently commented on RIG. Susquehanna cut their price target on shares of Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Barclays cut their price target on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday. DNB Markets upgraded shares of Transocean from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. Benchmark cut shares of Transocean from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, Citigroup cut shares of Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.69.

Transocean Stock Performance

Shares of RIG stock opened at $4.09 on Friday. The stock has a market cap of $3.58 billion, a P/E ratio of -9.09 and a beta of 2.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.36 and a quick ratio of 1.08. The company has a fifty day moving average price of $4.45 and a two-hundred day moving average price of $5.18. Transocean has a one year low of $3.85 and a one year high of $7.06.

Institutional Trading of Transocean

Several hedge funds and other institutional investors have recently bought and sold shares of RIG. Northwestern Mutual Wealth Management Co. raised its stake in Transocean by 138.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock worth $25,000 after purchasing an additional 2,693 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Transocean in the 2nd quarter valued at about $30,000. Fiducient Advisors LLC bought a new position in Transocean in the 1st quarter valued at about $63,000. SG Americas Securities LLC bought a new position in Transocean in the 2nd quarter valued at about $64,000. Finally, CWM LLC increased its holdings in Transocean by 36.1% in the 3rd quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock valued at $73,000 after buying an additional 4,529 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Transocean

In related news, Director Perestroika bought 1,500,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the purchase, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Transocean news, Director (Cyprus) Ltd Perestroika acquired 2,000,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $5.23 per share, for a total transaction of $10,460,000.00. Following the purchase, the director now directly owns 89,574,894 shares of the company’s stock, valued at $468,476,695.62. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Perestroika acquired 1,500,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the purchase, the director now directly owns 91,074,894 shares in the company, valued at approximately $376,139,312.22. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.16% of the stock is currently owned by corporate 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.