Zacks Research Forecasts Transocean's Q2 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG - Free Report) - Stock analysts at Zacks Research decreased their Q2 2025 earnings per share (EPS) estimates for shares of Transocean in a research note issued on Monday, March 10th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.01 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 Q3 2025 earnings at $0.03 EPS, Q1 2026 earnings at $0.04 EPS and FY2027 earnings at $0.18 EPS.

RIG has been the subject of a number of other reports. TD Cowen reduced their price target on shares of Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Barclays decreased their target price on Transocean from $4.50 to $4.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Benchmark reaffirmed a "hold" rating on shares of Transocean in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a report on Friday, December 6th. Finally, Evercore ISI downgraded shares of Transocean from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.42.

Remove Ads

Transocean Stock Performance

Transocean stock traded down $0.14 during mid-day trading on Wednesday, reaching $2.85. The company's stock had a trading volume of 39,725,242 shares, compared to its average volume of 31,385,436. The company has a market capitalization of $2.50 billion, a P/E ratio of -3.90, a PEG ratio of 0.86 and a beta of 2.72. Transocean has a 12-month low of $2.55 and a 12-month high of $6.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. The firm's fifty day moving average price is $3.62 and its two-hundred day moving average price is $4.01.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new stake in shares of Transocean during the 4th quarter worth about $27,000. Optiver Holding B.V. lifted its position in shares of Transocean by 53.6% during the 4th quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after buying an additional 2,933 shares in the last quarter. Blue Trust Inc. grew its stake in Transocean by 96.2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after acquiring an additional 4,826 shares during the period. Adero Partners LLC purchased a new stake in Transocean in the 4th quarter worth $38,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Transocean during the fourth quarter valued at $40,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $4.05, for a total transaction of $89,100.00. Following the completion of the transaction, the executive vice president now owns 229,596 shares in the company, valued at $929,863.80. The trade was a 8.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.16% of the company's stock.

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.