Transocean (RIG) Expected to Announce Earnings on Monday

Transocean (NYSE:RIG - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $884.92 million for the quarter.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings data 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). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The firm had revenue of $952.00 million for the quarter, compared to analysts' expectations of $962.28 million. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Transocean Stock Performance

RIG stock traded up $0.12 during midday trading on Thursday, hitting $2.29. The company's stock had a trading volume of 34,244,735 shares, compared to its average volume of 24,402,825. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -3.14, a PEG ratio of 0.86 and a beta of 2.29. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. The stock's 50-day moving average price is $2.83 and its 200 day moving average price is $3.63. Transocean has a 1 year low of $1.97 and a 1 year high of $6.38.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RIG. SEB Equity Research set a $2.80 price target on Transocean in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Barclays lowered their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Evercore ISI downgraded shares of Transocean from an "outperform" rating to an "in-line" rating and cut their price objective for the stock from $6.00 to $5.00 in a report on Wednesday, January 15th. Finally, Susquehanna reduced their price objective on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $4.59.

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.