Total Wealth Planning & Management Inc. Buys 89,140 Shares of Transocean Ltd. $RIG

Total Wealth Planning & Management Inc. purchased a new stake in Transocean Ltd. (NYSE:RIG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 89,140 shares of the offshore drilling services provider’s stock, valued at approximately $467,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RIG. EverSource Wealth Advisors LLC grew its stake in shares of Transocean by 27.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider’s stock worth $43,000 after purchasing an additional 1,391 shares during the period. Versant Capital Management Inc increased its holdings in Transocean by 15.6% in the third quarter. Versant Capital Management Inc now owns 15,550 shares of the offshore drilling services provider’s stock valued at $81,000 after purchasing an additional 2,099 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Transocean by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 4,043 shares during the period. Private Advisor Group LLC lifted its stake in Transocean by 16.4% in the first quarter. Private Advisor Group LLC now owns 31,876 shares of the offshore drilling services provider’s stock valued at $211,000 after buying an additional 4,500 shares during the period. Finally, Root Financial Partners LLC lifted its stake in Transocean by 192.6% in the first quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider’s stock valued at $52,000 after buying an additional 5,126 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Transocean Stock Performance

Shares of Transocean stock opened at $6.41 on Monday. The company has a market capitalization of $7.16 billion, a PE ratio of -3.41, a PEG ratio of 4.69 and a beta of 1.41. Transocean Ltd. has a 12 month low of $3.68 and a 12 month high of $7.66. The company has a current ratio of 1.59, a quick ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $5.68 and its 200 day simple moving average is $5.80.

Transocean (NYSE:RIG) last posted its earnings results on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%. The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. During the same period in the previous year, the company posted ($1.06) earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that Transocean Ltd. will post 0.18 EPS for the current year.

Key Stories Impacting Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Zacks Research raised several earnings estimates, including forecasts for FY2026 EPS to $0.09 from $0.08, FY2027 EPS to $0.25 from $0.24, Q4 2026 EPS to $0.06 from $0.05, and FY2028 EPS to $0.09 from $0.08. Zacks retained its “Strong-Buy” rating, reinforcing a more constructive outlook for the offshore drilling services provider. Zacks Research earnings estimate revisions
• Positive Sentiment: Zacks also lifted its Q2 2027 EPS estimate to $0.06 from $0.05 and its Q2 2028 estimate to $0.04 from $0.03. Although these revisions concern future periods, they suggest improving expectations for Transocean’s earnings trajectory. Zacks Research quarterly earnings estimates
• Positive Sentiment: Transocean has scheduled a November 26 Bermuda court hearing related to its Valaris acquisition. The announcement marks another step toward completing the transaction, which could expand the company’s offshore drilling fleet and market presence if approved. Transocean Valaris acquisition court hearing
• Neutral Sentiment: Analysts tracked by American Banking News report a consensus price target of $6.68 for RIG. The target implies only modest potential upside relative to the stock’s recent trading level, suggesting that much of the near-term optimism may already be reflected in the price. Transocean consensus price target
• Negative Sentiment: Not all revisions were favorable: Zacks lowered its Q1 2027 EPS estimate to $0.04 from $0.05. This modest reduction highlights continuing uncertainty around the timing and pace of offshore drilling earnings improvement. Zacks Research Q1 2027 estimate revision

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna reduced their target price on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Fearnley Fonds raised Transocean from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Barclays cut their price target on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research report on Thursday, October 15th. Finally, Zacks Research raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Transocean presently has an average rating of “Hold” and a consensus target price of $6.68.

Transocean Profile

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.