FY2026 EPS Estimates for Transocean Lowered by Analyst

Transocean Ltd. (NYSE:RIG) – Investment analysts at Zacks Research dropped their FY2026 earnings per share estimates for Transocean in a research report issued to clients and investors on Thursday, March 12th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.12 for the year, down from their prior forecast of $0.13. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.01 EPS, Q4 2027 earnings at $0.01 EPS, FY2027 earnings at $0.07 EPS and FY2028 earnings at ($0.05) EPS.

Transocean (NYSE:RIG) last released its quarterly earnings data on Thursday, February 19th. The offshore drilling services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Transocean had a positive return on equity of 0.41% and a negative net margin of 73.52%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted ($0.09) earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year.

RIG has been the subject of a number of other research reports. Citigroup boosted their price target on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Morgan Stanley raised their price objective on Transocean from $4.50 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Fearnley Fonds cut Transocean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Pareto Securities downgraded shares of Transocean from a “hold” rating to a “sell” rating and set a $5.25 target price for the company. in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $6.38.

Transocean Price Performance

RIG stock opened at $6.37 on Friday. The business has a 50 day moving average price of $5.43 and a 200 day moving average price of $4.32. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $6.96. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of -2.02 and a beta of 1.40.

Insider Buying and Selling

In other news, CEO Keelan Adamson sold 58,687 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $5.00, for a total value of $293,435.00. Following the completion of the transaction, the chief executive officer directly owned 1,222,182 shares in the company, valued at approximately $6,110,910. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roderick James Mackenzie sold 78,370 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total transaction of $498,433.20. Following the sale, the executive vice president directly owned 268,025 shares of the company’s stock, valued at approximately $1,704,639. The trade was a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 159,903 shares of company stock valued at $906,098. 12.27% of the stock is owned by company insiders.

Institutional Trading of Transocean

A number of hedge funds and other institutional investors have recently modified their holdings of RIG. Dalal Street LLC acquired a new stake in Transocean during the 3rd quarter valued at approximately $76,260,000. Ghisallo Capital Management LLC acquired a new stake in shares of Transocean during the third quarter worth approximately $57,720,000. Vanguard Group Inc. raised its holdings in Transocean by 19.3% in the third quarter. Vanguard Group Inc. now owns 94,519,248 shares of the offshore drilling services provider’s stock valued at $294,900,000 after acquiring an additional 15,315,289 shares in the last quarter. Zimmer Partners LP bought a new position in Transocean during the 3rd quarter valued at $30,262,000. Finally, Barclays PLC grew its holdings in Transocean by 230.6% during the 4th quarter. Barclays PLC now owns 10,802,664 shares of the offshore drilling services provider’s stock worth $44,615,000 after acquiring an additional 7,535,041 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

About Transocean

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.