Zacks Research Has Optimistic View of Transocean Q3 Earnings

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research upped their Q3 2025 earnings per share (EPS) estimates for Transocean in a note issued to investors on Monday, June 9th. Zacks Research analyst N. Choudhury now expects that the offshore drilling services provider will earn $0.05 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.03 EPS.

Transocean (NYSE:RIG) last issued its earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $884.92 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. Transocean’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS.

Other analysts have also issued reports about the company. SEB Equity Research set a $2.80 target price on Transocean in a research note on Wednesday, March 5th. Barclays dropped their price objective on shares of Transocean from $4.00 to $3.50 and set an “overweight” rating for the company in a research report on Monday, April 7th. Susquehanna lowered their target price on Transocean from $5.00 to $4.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Citigroup cut their price target on Transocean from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Morgan Stanley decreased their price target on Transocean from $4.00 to $3.50 and set an “equal weight” rating on the stock in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.58.

Transocean Stock Performance

NYSE RIG opened at $3.21 on Wednesday. The company has a 50 day moving average of $2.47 and a 200-day moving average of $3.20. Transocean has a 1-year low of $1.97 and a 1-year high of $5.98. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -4.40, a PEG ratio of 0.86 and a beta of 2.54. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $2.78, for a total value of $61,160.00. Following the completion of the sale, the executive vice president now owns 340,841 shares in the company, valued at $947,537.98. This represents a 6.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.27% of the company’s stock.

Institutional Investors Weigh In On Transocean

Several large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in shares of Transocean by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,465,534 shares of the offshore drilling services provider’s stock worth $46,746,000 after purchasing an additional 859,214 shares during the period. Hosking Partners LLP raised its holdings in Transocean by 23.5% during the 4th quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider’s stock worth $6,398,000 after buying an additional 324,955 shares during the period. Van ECK Associates Corp raised its holdings in Transocean by 33.9% during the 4th quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider’s stock worth $57,727,000 after buying an additional 3,895,880 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Transocean by 25.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider’s stock worth $1,874,000 after acquiring an additional 100,691 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Transocean by 899.8% during the fourth quarter. Prudential Financial Inc. now owns 495,675 shares of the offshore drilling services provider’s stock worth $1,859,000 after acquiring an additional 446,100 shares during the period. 67.73% of the stock is currently owned by institutional investors.

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.