Zacks Research Forecasts Transocean's Q1 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG - Free Report) - Investment analysts at Zacks Research reduced their Q1 2025 EPS estimates for shares of Transocean in a research report issued to clients and investors on Monday, March 10th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings of ($0.04) per share for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.05 EPS, Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.04 EPS and FY2026 earnings at $0.16 EPS.

Other analysts also recently issued research reports about the stock. Evercore ISI downgraded shares of Transocean from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Benchmark reissued a "hold" rating on shares of Transocean in a report on Tuesday, December 3rd. TD Cowen lowered their price target on Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a research note on Friday, December 6th. Finally, Barclays cut their price target on shares of Transocean from $4.50 to $4.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.42.

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Transocean Stock Up 4.1 %

NYSE RIG traded up $0.13 during trading on Thursday, hitting $3.17. The company's stock had a trading volume of 43,285,090 shares, compared to its average volume of 21,271,421. Transocean has a fifty-two week low of $2.55 and a fifty-two week high of $6.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company has a market cap of $2.78 billion, a PE ratio of -4.34, a P/E/G ratio of 0.86 and a beta of 2.72. The business's 50 day simple moving average is $3.58 and its 200-day simple moving average is $3.98.

Transocean (NYSE:RIG - Get Free Report) last issued its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). The business had revenue of $952.00 million for the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%.

Institutional Trading of Transocean

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Atria Investments Inc purchased a new stake in shares of Transocean during the third quarter worth approximately $51,000. State of New Jersey Common Pension Fund D raised its position in shares of Transocean by 15.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 399,110 shares of the offshore drilling services provider's stock valued at $1,696,000 after buying an additional 53,774 shares during the last quarter. First National Trust Co acquired a new stake in shares of Transocean in the third quarter valued at about $79,000. Oppenheimer Asset Management Inc. raised its holdings in Transocean by 10.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,170 shares of the offshore drilling services provider's stock valued at $107,000 after acquiring an additional 2,469 shares during the last quarter. Finally, KBC Group NV lifted its stake in Transocean by 28.7% in the 3rd quarter. KBC Group NV now owns 23,785 shares of the offshore drilling services provider's stock worth $101,000 after purchasing an additional 5,306 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the completion of the sale, the executive vice president now owns 313,072 shares of the company's stock, valued at approximately $1,205,327.20. The trade was a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.16% of the stock is owned by corporate 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.