FY2026 EPS Estimates for Transocean Cut by Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research decreased their FY2026 earnings estimates for shares of Transocean in a research report issued on Thursday, March 12th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings of $0.12 per share for the year, down from their previous forecast of $0.13. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.01 EPS, Q4 2027 earnings at $0.01 EPS, FY2027 earnings at $0.07 EPS and FY2028 earnings at ($0.05) EPS.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Thursday, February 19th. The offshore drilling services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Transocean had a negative net margin of 73.52% and a positive return on equity of 0.41%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) earnings per share.

RIG has been the subject of a number of other research reports. Pareto Securities cut Transocean from a “hold” rating to a “sell” rating and set a $5.25 price objective for the company. in a research report on Tuesday, February 10th. Susquehanna raised their target price on shares of Transocean from $6.50 to $7.50 and gave the stock a “positive” rating in a report on Monday, February 23rd. Barclays lowered shares of Transocean from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $4.50 to $6.00 in a research note on Wednesday, February 18th. Fearnley Fonds downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Citigroup raised their price target on shares of Transocean from $4.25 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.38.

Transocean Stock Down 0.6%

Shares of NYSE RIG opened at $6.27 on Friday. The company has a market cap of $6.92 billion, a P/E ratio of -1.99 and a beta of 1.40. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. Transocean has a 52 week low of $1.97 and a 52 week high of $6.96. The business has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $4.28.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 78,370 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total value of $498,433.20. Following the completion of the transaction, the executive vice president owned 268,025 shares in the company, valued at $1,704,639. This trade represents a 22.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keelan Adamson sold 58,687 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $5.00, for a total transaction of $293,435.00. Following the sale, the chief executive officer directly owned 1,222,182 shares in the company, valued at $6,110,910. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,903 shares of company stock valued at $906,098. 12.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Transocean

A number of hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in shares of Transocean by 604.3% in the fourth quarter. Hsbc Holdings PLC now owns 3,117,030 shares of the offshore drilling services provider’s stock valued at $12,920,000 after purchasing an additional 2,674,466 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Transocean by 207.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 33,504 shares of the offshore drilling services provider’s stock valued at $138,000 after acquiring an additional 22,613 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Transocean by 82.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,065 shares of the offshore drilling services provider’s stock valued at $182,000 after purchasing an additional 19,890 shares during the period. EP Wealth Advisors LLC bought a new stake in Transocean in the 4th quarter valued at about $43,000. Finally, Mackenzie Financial Corp grew its stake in shares of Transocean by 12.4% in the fourth quarter. Mackenzie Financial Corp now owns 53,238 shares of the offshore drilling services provider’s stock worth $219,000 after acquiring an additional 5,877 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Transocean Company Profile

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.