Zacks Research Estimates Transocean’s Q2 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research cut their Q2 2026 earnings per share estimates for shares of Transocean in a note issued to investors on Thursday, July 30th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.01. The consensus estimate for Transocean’s current full-year earnings is $0.13 per share. Zacks Research also issued estimates for Transocean’s Q4 2026 earnings at $0.05 EPS, FY2026 earnings at $0.06 EPS, Q4 2027 earnings at $0.07 EPS, FY2027 earnings at $0.22 EPS and Q1 2028 earnings at $0.01 EPS.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a report on Friday, July 17th. Susquehanna cut their price objective on shares of Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley raised their target price on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. TD Cowen boosted their target price on shares of Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.82.

Transocean Stock Performance

Transocean stock opened at $5.08 on Friday. The stock has a fifty day moving average price of $5.53 and a 200 day moving average price of $5.87. Transocean has a 52 week low of $2.72 and a 52 week high of $7.66. The firm has a market capitalization of $5.67 billion, a P/E ratio of -1.70, a PEG ratio of 3.44 and a beta of 1.30. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

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

Hedge Funds Weigh In On Transocean

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in Transocean by 12.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 69,637 shares of the offshore drilling services provider’s stock worth $221,000 after purchasing an additional 7,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Transocean by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 434,031 shares of the offshore drilling services provider’s stock valued at $1,376,000 after buying an additional 18,957 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Transocean by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock worth $38,521,000 after buying an additional 5,719,637 shares during the period. Cetera Investment Advisers grew its stake in Transocean by 5.7% during the second quarter. Cetera Investment Advisers now owns 233,984 shares of the offshore drilling services provider’s stock worth $606,000 after buying an additional 12,532 shares during the period. Finally, Invesco Ltd. increased its position in shares of Transocean by 29.2% in the second quarter. Invesco Ltd. now owns 1,032,774 shares of the offshore drilling services provider’s stock worth $2,675,000 after acquiring an additional 233,458 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Transocean

In other news, Director Chad C. Deaton purchased 35,000 shares of the company’s stock in a transaction 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 purchase, the director directly owned 237,421 shares of the company’s stock, valued at $1,175,233.95. The trade was a 17.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.70% 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.