Zacks Research Predicts Transocean’s Q2 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG) – Stock analysts at Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for shares of Transocean in a report issued on Monday, June 9th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings per share of ($0.02) for the quarter, down from their prior forecast of $0.01. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.07 EPS, FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.16 EPS.

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

A number of other research firms have also commented on RIG. Susquehanna reduced their target price on Transocean from $5.00 to $4.00 and set a “positive” rating for the company in a report on Monday, April 14th. Citigroup cut their price target on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Morgan Stanley lowered their price objective on Transocean from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Friday, May 16th. Barclays reduced their price objective on Transocean from $4.00 to $3.50 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, SEB Equity Research set a $2.80 price target on Transocean in a report on Wednesday, March 5th. One investment 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 stock presently has an average rating of “Hold” and a consensus target price of $4.58.

Transocean Stock Up 3.3%

Transocean stock opened at $3.32 on Thursday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -4.54, a PEG ratio of 0.86 and a beta of 2.54. The stock has a fifty day simple moving average of $2.50 and a two-hundred day simple moving average of $3.20. Transocean has a 12 month low of $1.97 and a 12 month high of $5.98. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

Institutional Trading of Transocean

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Transocean by 51.5% in the 4th quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider’s stock worth $72,215,000 after purchasing an additional 6,542,271 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Transocean by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock worth $38,521,000 after purchasing an additional 5,719,637 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Transocean during the fourth quarter worth $16,608,000. SIR Capital Management L.P. acquired a new position in Transocean in the fourth quarter valued at about $14,976,000. Finally, Van ECK Associates Corp grew its position in Transocean by 33.9% in the fourth quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider’s stock valued at $57,727,000 after acquiring an additional 3,895,880 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 340,841 shares of the company’s stock, valued at $947,537.98. This trade represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.27% 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.