Q3 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Zacks Research reduced their Q3 2026 EPS estimates for Transocean in a note issued to investors on Thursday, July 30th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Transocean’s current full-year earnings is $0.13 per share. Zacks Research also issued estimates for Transocean’s FY2028 earnings at $0.06 EPS.

RIG has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research note on Friday, July 17th. 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. Morgan Stanley upped their price objective on shares of Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. TD Cowen increased their price objective on shares of Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $6.00 to $8.00 in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.82.

Transocean Stock Up 1.5%

Shares of RIG stock opened at $5.22 on Monday. The stock’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.89. Transocean has a 1-year low of $2.76 and a 1-year high of $7.66. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -1.75, a price-to-earnings-growth ratio of 3.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.54 and a quick ratio of 1.20.

Transocean (NYSE:RIG) last issued its quarterly earnings data on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10). Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis.

Insider Activity

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

Hedge Funds Weigh In On Transocean

A number of institutional investors have recently modified their holdings of RIG. Wealthcare Advisory Partners LLC acquired a new position in shares of Transocean in the 2nd quarter valued at about $52,000. Assenagon Asset Management S.A. acquired a new stake in Transocean during the second quarter worth about $37,477,000. Hardin Capital Partners LLC purchased a new position in Transocean during the second quarter valued at approximately $54,000. NewEdge Advisors LLC lifted its holdings in Transocean by 64.9% in the first quarter. NewEdge Advisors LLC now owns 276,083 shares of the offshore drilling services provider’s stock valued at $1,830,000 after acquiring an additional 108,631 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in Transocean in the 1st quarter worth approximately $186,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.