Q1 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities researchers at Zacks Research raised their Q1 2026 EPS estimates for shares of Transocean in a research note issued on Friday, October 10th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.13 EPS, Q1 2027 earnings at $0.01 EPS, Q3 2027 earnings at $0.02 EPS and FY2027 earnings at $0.07 EPS.

A number of other equities analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a report on Wednesday, October 8th. Wall Street Zen raised shares of Transocean from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Barclays raised their price objective on shares of Transocean from $3.50 to $4.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.26.

Transocean Price Performance

Shares of Transocean stock opened at $3.13 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 0.99. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $4.74. The firm has a fifty day moving average price of $3.16 and a two-hundred day moving average price of $2.83. The company has a market cap of $2.95 billion, a PE ratio of -1.68, a price-to-earnings-growth ratio of 6.16 and a beta of 2.68.

Insider Activity

In other news, Director (Cyprus) Ltd Perestroika purchased 4,000,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average cost of $3.05 per share, with a total value of $12,200,000.00. Following the acquisition, the director directly owned 95,074,894 shares of the company’s stock, valued at approximately $289,978,426.70. This trade represents a 4.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederik Wilhelm Mohn acquired 4,000,000 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average price of $3.05 per share, with a total value of $12,200,000.00. Following the transaction, the director directly owned 95,074,894 shares in the company, valued at approximately $289,978,426.70. This represents a 4.39% increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.54% of the company’s stock.

Institutional Investors Weigh In On Transocean

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RIG. Yousif Capital Management LLC acquired a new stake in Transocean in the 1st quarter valued at about $67,000. SG Americas Securities LLC increased its position in Transocean by 3,039.6% in the 1st quarter. SG Americas Securities LLC now owns 930,599 shares of the offshore drilling services provider’s stock valued at $2,950,000 after acquiring an additional 900,958 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Transocean by 594.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 221,615 shares of the offshore drilling services provider’s stock valued at $703,000 after acquiring an additional 189,708 shares in the last quarter. Inscription Capital LLC acquired a new stake in Transocean in the 1st quarter valued at about $159,000. Finally, PFG Investments LLC grew its position in shares of Transocean by 24.7% during the 1st quarter. PFG Investments LLC now owns 243,192 shares of the offshore drilling services provider’s stock worth $771,000 after buying an additional 48,105 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Company Profile

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.