Transocean (NYSE:RIG) Price Target Raised to $10.00

Transocean (NYSE:RIG) had its price objective lifted by BTIG Research from $6.00 to $10.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the offshore drilling services provider’s stock.

A number of other analysts have also weighed in on RIG. Barclays upped their price target on shares of Transocean from $4.00 to $4.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research report on Thursday, January 22nd. Susquehanna increased their price target on Transocean from $4.50 to $5.00 and gave the company a “positive” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Transocean in a research note on Wednesday, December 10th. Finally, Citigroup upped their price objective on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.22.

Transocean Stock Up 10.4%

Shares of Transocean stock opened at $6.01 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.91. Transocean has a 1-year low of $1.97 and a 1-year high of $6.05. The business’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $3.80. The company has a market capitalization of $6.61 billion, a P/E ratio of -1.83 and a beta of 1.46.

Insider Buying and Selling at Transocean

In other Transocean news, insider Jeremy D. Thigpen sold 500,000 shares of Transocean stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $4.32, for a total transaction of $2,160,000.00. Following the transaction, the insider owned 2,136,223 shares of the company’s stock, valued at $9,228,483.36. The trade was a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Keelan Adamson sold 58,687 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $5.00, for a total transaction of $293,435.00. Following the completion of the sale, the chief executive officer directly owned 1,222,182 shares of the company’s stock, valued at $6,110,910. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 712,970 shares of company stock valued at $3,152,132 over the last three months. 12.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RIG. TD Waterhouse Canada Inc. grew its holdings in shares of Transocean by 22,432.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock valued at $26,000 after acquiring an additional 6,281 shares in the last quarter. Josh Arnold Investment Consultant LLC acquired a new stake in Transocean during the second quarter valued at $26,000. Blume Capital Management Inc. grew its stake in Transocean by 125.9% in the second quarter. Blume Capital Management Inc. now owns 10,560 shares of the offshore drilling services provider’s stock valued at $27,000 after purchasing an additional 5,885 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in Transocean in the 2nd quarter worth about $27,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Transocean during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

More Transocean News

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transformative acquisition announced — Transocean agreed to buy Valaris in an all‑stock transaction (~$5.8B), creating a much larger offshore drilling leader with scale, an expanded fleet and meaningful backlog and cost‑saving opportunities that improve cash‑flow visibility and leverage metrics. Article Title
• Positive Sentiment: New firm backlog: ~$184M in Norway contract fixtures for two harsh‑environment semisubmersibles (Encourage extension + Enabler options) — adds near‑term revenue visibility and extends rig utilization into 2027. Article Title
• Positive Sentiment: Bullish derivatives flow — unusually large call buying (≈69,880 calls, ~+85% vs. average) suggests speculative or hedged bullish positioning that can amplify intraday upside and trading volume.
• Positive Sentiment: Analyst upward momentum — BTIG raised its price target to $10, supporting higher expectations for upside from the deal and operations. Article Title
• Neutral Sentiment: M&A investor materials and call transcript available — management has held calls/transcripts explaining rationale and synergies; useful for investors doing due diligence but not an immediate catalyst by itself. Article Title
• Neutral Sentiment: Earnings/operational outlook — previews (Zacks) expect revenue growth but higher operating & maintenance costs; watch Q4 results and guidance for confirmation. Article Title
• Negative Sentiment: Analyst downgrade — Fearnley Fonds cut RIG from “strong‑buy” to “hold,” which may temper some buy‑side enthusiasm and limit near‑term upside. Article Title
• Negative Sentiment: Legal/transaction scrutiny — a class‑action investigation and third‑party reviews of the Valaris deal process have been announced, introducing regulatory/legal risk and potential distraction or costs. Article Title Article Title

About Transocean

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.