Zacks Research Reduces Earnings Estimates for Transocean

Transocean Ltd. (NYSE:RIG - Free Report) - Equities research analysts at Zacks Research cut their Q1 2025 EPS estimates for shares of Transocean in a research report issued to clients and investors on Monday, December 16th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings per share of ($0.02) for the quarter, down from their prior estimate of $0.03. The consensus estimate for Transocean's current full-year earnings is ($0.15) per share. Zacks Research also issued estimates for Transocean's Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.09 EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.23 EPS.

Several other equities research analysts have also commented on the stock. Barclays raised shares of Transocean from an "equal weight" rating to an "overweight" rating and set a $4.50 price target on the stock in a report on Wednesday. Morgan Stanley upped their target price on Transocean from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 3rd. Susquehanna dropped their target price on Transocean from $7.00 to $6.50 and set a "positive" rating on the stock in a report on Friday, November 1st. Citigroup downgraded Transocean from a "buy" rating to a "neutral" rating in a report on Thursday, September 12th. Finally, StockNews.com raised shares of Transocean to a "sell" rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Transocean presently has an average rating of "Hold" and a consensus target price of $6.25.

Transocean Stock Performance

Shares of RIG stock traded down $0.07 during trading hours on Thursday, hitting $3.55. The company's stock had a trading volume of 29,553,527 shares, compared to its average volume of 18,714,623. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $4.19 and a 200 day moving average of $4.71. Transocean has a 12-month low of $3.53 and a 12-month high of $6.88. The stock has a market cap of $3.11 billion, a PE ratio of -4.73 and a beta of 2.75.

Insider Activity

In related news, EVP Roderick James Mackenzie sold 20,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the transaction, the executive vice president now owns 310,857 shares in the company, valued at $1,333,576.53. This represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.16% of the company's stock.

Institutional Investors Weigh In On Transocean

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Transocean during the second quarter worth $64,000. Nisa Investment Advisors LLC purchased a new stake in Transocean during the 2nd quarter valued at about $30,000. Southern Capital Advisors LLC acquired a new stake in Transocean in the 2nd quarter valued at about $96,000. Bank of New York Mellon Corp lifted its stake in Transocean by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,858,264 shares of the offshore drilling services provider's stock worth $90,192,000 after purchasing an additional 2,606,017 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Transocean by 19.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 30,235 shares of the offshore drilling services provider's stock worth $162,000 after purchasing an additional 5,000 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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.