Transocean (RIG) Set to Post Quarterly Earnings on Monday

Transocean (NYSE:RIG) is projected to announce its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.0223 per share and revenue of $943.99 million for the quarter. Parties may review the information on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 9:00 AM ET.

Transocean (NYSE:RIG) last issued its earnings results on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share (EPS) 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 business had revenue of $966.00 million during the quarter, compared to analyst estimates of $956.64 million. During the same quarter in the prior year, the firm earned ($1.06) earnings per share. Transocean’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect Transocean to post $0.18 EPS for the current fiscal year and $0.29 EPS for the next fiscal year.

Transocean Stock Up 0.1%

Shares of NYSE RIG opened at $6.41 on Monday. Transocean has a one year low of $3.68 and a one year high of $7.66. The stock has a market capitalization of $7.16 billion, a P/E ratio of -3.41, a PEG ratio of 4.69 and a beta of 1.41. The firm’s 50 day simple moving average is $5.68 and its two-hundred day simple moving average is $5.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.59 and a quick ratio of 1.27.

Wall Street Analysts Forecast Growth

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

Transocean News Roundup

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

About Transocean

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.