Q2 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research decreased their Q2 2026 EPS estimates for Transocean in a research note issued on Monday, June 29th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Transocean’s current full-year earnings is $0.17 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.04 EPS, FY2026 earnings at $0.08 EPS, Q1 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.07 EPS and FY2027 earnings at $0.20 EPS.

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

Other equities research analysts have also issued reports about the company. TD Cowen raised their price objective on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Thursday, May 7th. 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 research note on Wednesday, April 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a report on Tuesday, April 21st. Finally, Clarkson Capital lowered shares of Transocean from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Transocean presently has an average rating of “Hold” and an average price target of $6.96.

Transocean Trading Down 1.4%

Shares of NYSE:RIG opened at $5.04 on Tuesday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -1.69 and a beta of 1.29. Transocean has a 1-year low of $2.51 and a 1-year high of $7.66. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $5.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.54.

Institutional Investors Weigh In On Transocean

A number of hedge funds and other institutional investors have recently made changes to their positions in RIG. NewEdge Advisors LLC boosted its holdings in shares of Transocean by 64.9% during the 1st quarter. NewEdge Advisors LLC now owns 276,083 shares of the offshore drilling services provider’s stock worth $1,830,000 after buying an additional 108,631 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Transocean in the first quarter valued at $186,000. Janus Henderson Group PLC lifted its position in Transocean by 5.3% in the first quarter. Janus Henderson Group PLC now owns 444,630 shares of the offshore drilling services provider’s stock worth $2,948,000 after purchasing an additional 22,453 shares during the period. Amundi increased its holdings in Transocean by 406.1% in the 1st quarter. Amundi now owns 140,359 shares of the offshore drilling services provider’s stock valued at $931,000 after buying an additional 112,628 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Transocean by 27.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider’s stock valued at $43,000 after buying an additional 1,391 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.