Analysts Offer Predictions for Transocean FY2026 Earnings

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research increased their FY2026 earnings estimates for Transocean in a research note issued on Wednesday, August 26th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings per share of $0.08 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 analysts have also issued reports on the company. Barclays dropped their price objective on 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 raised Transocean from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. TD Cowen boosted their target price on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Susquehanna dropped their price target on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Transocean has a consensus rating of “Hold” and a consensus target price of $6.68.

Transocean Trading Up 0.2%

Transocean stock opened at $5.81 on Monday. Transocean has a 52 week low of $2.93 and a 52 week high of $7.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59. The stock has a market capitalization of $6.49 billion, a P/E ratio of -3.09, a PEG ratio of 4.54 and a beta of 1.32. The stock has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $6.00.

Transocean (NYSE:RIG) last released its quarterly earnings data 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 negative net margin of 40.24% and a positive return on equity of 2.60%. The company 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 business earned ($1.06) EPS. Transocean’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Institutional Investors Weigh In On Transocean

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its stake in Transocean by 33.5% in the 4th quarter. HighTower Advisors LLC now owns 2,085,842 shares of the offshore drilling services provider’s stock worth $8,615,000 after purchasing an additional 523,528 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Transocean in the 2nd quarter valued at about $37,477,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Transocean during the 4th quarter worth approximately $2,338,000. Elliott Investment Management L.P. acquired a new position in shares of Transocean during the 1st quarter worth approximately $103,606,000. Finally, Rokos Capital Management LLP bought a new position in shares of Transocean during the first quarter worth approximately $21,030,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Chad C. Deaton purchased 35,000 shares of Transocean stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average cost of $4.95 per share, for a total transaction of $173,250.00. Following the purchase, the director directly owned 237,421 shares of the company’s stock, valued at $1,175,233.95. This trade represents a 17.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.70% 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.