Equities Analysts Issue Forecasts for Transocean Q2 Earnings

Transocean Ltd. (NYSE:RIG) – Equities researchers at Zacks Research reduced their Q2 2026 EPS estimates for Transocean in a research report issued on Monday, June 29th. Zacks Research analyst Team now expects that the offshore drilling services provider will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.02. The consensus estimate for Transocean’s current full-year earnings is $0.17 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.04 EPS, FY2026 earnings at $0.08 EPS, Q1 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.07 EPS and FY2027 earnings at $0.20 EPS.

Transocean (NYSE:RIG) last released its quarterly earnings data on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. Transocean’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS.

A number of other research firms have also recently commented on RIG. Clarkson Capital cut shares of Transocean from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. TD Cowen increased their price target on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Susquehanna increased their price objective on shares of Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Morgan Stanley upped their price target on shares of Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.96.

Transocean Price Performance

NYSE RIG opened at $5.04 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $6.19 and its 200-day moving average is $5.71. The company has a market capitalization of $5.62 billion, a PE ratio of -1.69 and a beta of 1.29. Transocean has a 12-month low of $2.51 and a 12-month high of $7.66.

Institutional Investors Weigh In On Transocean

A number of institutional investors and hedge funds have recently modified their holdings of RIG. Integrated Wealth Concepts LLC grew its holdings in shares of Transocean by 12.1% during the first quarter. Integrated Wealth Concepts LLC now owns 69,637 shares of the offshore drilling services provider’s stock worth $221,000 after purchasing an additional 7,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Transocean by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 434,031 shares of the offshore drilling services provider’s stock valued at $1,376,000 after acquiring an additional 18,957 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Transocean by 88.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock worth $38,521,000 after buying an additional 5,719,637 shares during the last quarter. Cetera Investment Advisers raised its holdings in Transocean by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 233,984 shares of the offshore drilling services provider’s stock worth $606,000 after purchasing an additional 12,532 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Transocean by 29.2% during the 2nd quarter. Invesco Ltd. now owns 1,032,774 shares of the offshore drilling services provider’s stock valued at $2,675,000 after acquiring an additional 233,458 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.