FY2026 EPS Estimates for Transocean Lifted by Zacks Research

Transocean Ltd. (NYSE:RIG) – Investment analysts at Zacks Research increased their FY2026 earnings per share estimates for Transocean in a research report issued to clients and investors on Wednesday, August 26th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will earn $0.08 per share for the year, up from their prior forecast of $0.06. The consensus estimate for Transocean’s current full-year earnings is $0.17 per share. Zacks Research also issued estimates for Transocean’s Q4 2027 earnings at $0.06 EPS.

Several other research analysts have also commented on RIG. TD Cowen lifted their price objective on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Barclays reduced their target price on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Fearnley Fonds upgraded shares of Transocean from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research note on Friday, July 17th. Finally, Susquehanna cut their price target on shares of Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.68.

Transocean Stock Performance

NYSE:RIG opened at $5.93 on Monday. The stock’s fifty day moving average is $5.37 and its 200 day moving average is $6.00. Transocean has a fifty-two week low of $2.93 and a fifty-two week high of $7.66. The firm has a market capitalization of $6.62 billion, a PE ratio of -3.15, a PEG ratio of 4.55 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $966.00 million during the quarter, compared to analyst estimates of $956.64 million. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company earned ($1.06) EPS.

Insider Buying and Selling at Transocean

In other Transocean news, Director Chad C. Deaton acquired 35,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average cost of $4.95 per share, with a total value of $173,250.00. Following the completion of the purchase, the director directly owned 237,421 shares in the company, valued at $1,175,233.95. The trade was a 17.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Transocean

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted 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 valued at $43,000 after purchasing an additional 1,391 shares in the last quarter. Annandale Capital LLC raised its stake in Transocean by 17.7% in the fourth quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider’s stock worth $69,000 after buying an additional 2,500 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Transocean by 20.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 24,175 shares of the offshore drilling services provider’s stock worth $75,000 after buying an additional 4,026 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Transocean by 19.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 4,043 shares during the period. Finally, Nwam LLC lifted its holdings in Transocean by 15.5% during the fourth quarter. Nwam LLC now owns 32,134 shares of the offshore drilling services provider’s stock worth $146,000 after buying an additional 4,304 shares during the period. Institutional investors own 67.73% of the company’s stock.

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.