Q4 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG - Free Report) - Research analysts at Zacks Research dropped their Q4 2024 EPS estimates for shares of Transocean in a report issued on Wednesday, November 20th. Zacks Research analyst N. Choudhury now expects that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. The consensus estimate for Transocean's current full-year earnings is ($0.16) per share. Zacks Research also issued estimates for Transocean's Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.03 EPS and Q3 2026 earnings at $0.06 EPS.

Other analysts have also issued reports about the stock. Benchmark lowered shares of Transocean from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Barclays decreased their price objective on Transocean from $6.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Citigroup lowered shares of Transocean from a "buy" rating to a "neutral" rating in a report on Thursday, September 12th. StockNews.com upgraded shares of Transocean to a "sell" rating in a report on Tuesday, November 12th. Finally, Susquehanna reduced their price objective on shares of Transocean from $7.00 to $6.50 and set a "positive" rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.63.

Transocean Price Performance

Shares of RIG stock traded up $0.13 during mid-day trading on Friday, reaching $4.47. The stock had a trading volume of 13,023,273 shares, compared to its average volume of 18,514,854. The company has a market cap of $3.91 billion, a P/E ratio of -5.80 and a beta of 2.78. Transocean has a 12-month low of $3.85 and a 12-month high of $6.88. The business has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $4.96. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling at Transocean

In related news, EVP Roderick James Mackenzie sold 20,000 shares of Transocean stock in a transaction on Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the transaction, the executive vice president now owns 310,857 shares in the company, valued at approximately $1,333,576.53. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Perestroika purchased 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the completion of the acquisition, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. This represents a 1.67 % increase in their position. The disclosure for this purchase can be found here. 13.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Transocean

A number of institutional investors have recently added to or reduced their stakes in RIG. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Transocean by 138.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider's stock worth $25,000 after acquiring an additional 2,693 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Transocean in the 2nd quarter valued at approximately $30,000. Orion Portfolio Solutions LLC purchased a new position in shares of Transocean during the 3rd quarter valued at approximately $46,000. Atria Investments Inc acquired a new stake in shares of Transocean during the third quarter worth approximately $51,000. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Transocean by 34.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider's stock worth $62,000 after buying an additional 4,027 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Transocean Company Profile

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.