Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG - Free Report) - Analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for Transocean in a report released on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.04. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.05 EPS, FY2027 earnings at $0.21 EPS and FY2027 earnings at $0.21 EPS.

Several other equities analysts have also commented on RIG. TD Cowen decreased their price target on Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley lowered 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 note on Thursday, March 27th. Barclays reduced their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research note on Monday. Evercore ISI cut shares of Transocean from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Finally, Citigroup cut their target price on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Transocean has an average rating of "Hold" and an average target price of $4.98.

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Transocean Trading Up 7.0 %

Shares of RIG stock traded up $0.15 during trading on Friday, hitting $2.34. 38,050,236 shares of the stock traded hands, compared to its average volume of 23,291,369. The firm has a market capitalization of $2.07 billion, a P/E ratio of -3.21, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. Transocean has a 52-week low of $1.97 and a 52-week high of $6.65. 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 firm's fifty day moving average price is $3.20 and its 200-day moving average price is $3.80.

Transocean (NYSE:RIG - Get Free Report) last released its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm 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 Investors Weigh In On Transocean

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Tree Management LP acquired a new stake in shares of Transocean in the 4th quarter valued at about $27,000. Optiver Holding B.V. grew its position in shares of Transocean by 53.6% during the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock worth $32,000 after acquiring an additional 2,933 shares during the last quarter. Parallel Advisors LLC grew its position in Transocean by 154.8% during the 1st quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock worth $28,000 after purchasing an additional 5,353 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Transocean by 96.2% in the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after buying an additional 4,826 shares during the last quarter. Finally, Adero Partners LLC acquired a new stake in shares of Transocean during the fourth quarter worth about $38,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Transocean 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 transaction, the executive vice president now owns 313,072 shares in the company, valued at $1,205,327.20. The trade was a 6.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.16% of the stock is owned by company insiders.

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.