Barclays Downgrades Transocean (NYSE:RIG) to Equal Weight

Transocean (NYSE:RIG) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $6.00 price target on the offshore drilling services provider’s stock, up from their previous price target of $4.50. Barclays‘s target price would suggest a potential downside of 5.36% from the company’s current price.

Several other research analysts have also commented on the company. Citigroup boosted their price objective on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Morgan Stanley set a $4.50 target price on shares of Transocean in a report on Monday, December 15th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Transocean in a research note on Wednesday, December 10th. Susquehanna lifted their price objective on shares of Transocean from $4.50 to $5.00 and gave the company a “positive” rating in a research note on Wednesday, January 7th. Finally, BTIG Research increased their target price on shares of Transocean from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Two analysts have rated the stock with 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, the company currently has an average rating of “Reduce” and a consensus price target of $5.44.

Transocean Stock Performance

NYSE RIG opened at $6.34 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.91 and a current ratio of 1.08. The stock’s fifty day moving average is $4.71 and its two-hundred day moving average is $3.93. The firm has a market capitalization of $6.98 billion, a P/E ratio of -1.93 and a beta of 1.46. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $6.57.

Insider Buying and Selling at Transocean

In other news, Director Frederik Wilhelm Mohn purchased 1,500,000 shares of the stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $4.02 per share, for a total transaction of $6,030,000.00. Following the completion of the acquisition, the director directly owned 96,574,894 shares in the company, valued at $388,231,073.88. This represents a 1.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roderick James Mackenzie sold 35,000 shares of Transocean stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $4.48, for a total transaction of $156,800.00. Following the completion of the sale, the executive vice president directly owned 212,072 shares of the company’s stock, valued at $950,082.56. The trade was a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 712,970 shares of company stock worth $3,152,132. 12.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Transocean

Large investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. boosted its position in Transocean by 22,432.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock worth $26,000 after purchasing an additional 6,281 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Transocean in the fourth quarter worth about $27,000. Benedict Financial Advisors Inc. purchased a new stake in Transocean during the 3rd quarter worth approximately $31,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of Transocean in the 3rd quarter valued at approximately $31,000. Finally, Forteris Wealth Management Inc. purchased a new position in shares of Transocean during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

More Transocean News

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Fleet-status report shows meaningful contract wins and option exercises that added roughly $610M of incremental backlog, taking total backlog to about $6.1B — a near-term revenue visibility boost (dayrates cited for multiple rigs). Transocean Ltd. Provides Quarterly Fleet Status Report
• Neutral Sentiment: Full Q4 and full-year 2025 results were released and a conference call/webcast is scheduled for Feb 20 — investors should review the slides and the call for revenue, utilization, and guidance details that will determine near-term earnings reaction. Transocean Ltd. Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Analyst commentary and earnings previews are active ahead of the call — several write-ups (including a Benzinga roundup of five analysts) provide differing takes on Transocean’s outlook and estimates; these will influence short-term sentiment once Q4 numbers and management commentary are parsed. Beyond The Numbers: 5 Analysts Discuss Transocean Stock
• Negative Sentiment: Barclays downgraded RIG from Overweight to Equal Weight and set a $6.00 price target (near the current level), a move that can pressure momentum and limit upside until results confirm improving fundamentals. Barclays downgrades Transocean (RIG)
• Negative Sentiment: Insider sales and mixed hedge fund activity cited in market summaries (large institutional buys and sells, plus several recent insider dispositions) add ambiguity to sentiment and could temper investor conviction despite the backlog increase. Transocean Ltd. Reports Quarterly Fleet Status with Significant Contract Award Updates and $6.1 Billion Backlog

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.