Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research cut their Q1 2026 earnings per share estimates for Transocean in a research note issued on Tuesday, October 22nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.14. The consensus estimate for Transocean’s current full-year earnings is ($0.18) per share.

Transocean (NYSE:RIG) last posted its earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Transocean had a negative net margin of 11.34% and a negative return on equity of 4.76%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.25 million. During the same quarter last year, the business earned ($0.15) earnings per share. Transocean’s quarterly revenue was up 18.1% on a year-over-year basis.

Several other brokerages also recently issued reports on RIG. Susquehanna lowered their price target on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. DNB Markets raised Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com raised Transocean to a “sell” rating in a research report on Thursday, October 10th. Morgan Stanley raised their price target on Transocean from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Citigroup downgraded Transocean from a “buy” rating to a “neutral” rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Transocean currently has an average rating of “Hold” and an average price target of $6.69.

Transocean Price Performance

NYSE RIG opened at $4.14 on Friday. The firm has a market cap of $3.62 billion, a P/E ratio of -9.20 and a beta of 2.79. The stock’s 50-day moving average is $4.43 and its two-hundred day moving average is $5.15. Transocean has a fifty-two week low of $3.85 and a fifty-two week high of $7.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.36 and a quick ratio of 1.08.

Institutional Investors Weigh In On Transocean

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after purchasing an additional 2,693 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Transocean during the second quarter valued at approximately $30,000. Fiducient Advisors LLC acquired a new stake in Transocean during the first quarter valued at approximately $63,000. SG Americas Securities LLC bought a new position in shares of Transocean in the second quarter valued at approximately $64,000. Finally, CWM LLC raised its stake in shares of Transocean by 36.1% in the third quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock valued at $73,000 after acquiring an additional 4,529 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Perestroika bought 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $4.13 per share, with a total value of $6,195,000.00. Following the completion of the transaction, the director now directly owns 91,074,894 shares in the company, valued at $376,139,312.22. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director (Cyprus) Ltd Perestroika acquired 2,000,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $5.23 per share, with a total value of $10,460,000.00. Following the completion of the acquisition, the director now owns 89,574,894 shares of the company’s stock, valued at $468,476,695.62. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Perestroika acquired 1,500,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the acquisition, the director now directly owns 91,074,894 shares of the company’s stock, valued at approximately $376,139,312.22. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 13.16% of the stock is owned by company insiders.

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.