Transocean Ltd. (NYSE:RIG) Given Average Rating of “Hold” by Brokerages

Transocean Ltd. (NYSE:RIG) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6.8214.

RIG has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research note on Friday, July 17th. Morgan Stanley increased their target price on Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Susquehanna cut their target price on shares of Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Finally, TD Cowen upped their price target on shares of Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th.

Trending Headlines about Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean reported second-quarter 2026 revenue of $966 million and EPS of $0.03, exceeding analyst expectations of $956.6 million and $0.01, respectively. Results also improved substantially from the prior-year loss of $1.06 per share. Transocean Second Quarter 2026 Results
• Positive Sentiment: The company secured approximately $292 million of incremental firm backlog through new contracts and extensions for the Deepwater Conqueror, Deepwater Proteus, Deepwater Skyros, Transocean Norge and Transocean Equinox. Total backlog reached approximately $6.7 billion. Transocean Fleet Status Report
• Positive Sentiment: Transocean’s potential agreement with Equinor for three Norwegian-shelf semisubmersible rigs could add approximately $1 billion of backlog. The company’s third-quarter revenue outlook of $920 million-$960 million is above the $909 million consensus estimate, while full-year revenue guidance is $3.9 billion-$4.0 billion. Transocean Quarterly Fleet Status Report
• Neutral Sentiment: The Equinor agreement remains conditional on approvals from license partners, so the potential backlog is not yet included in reported backlog and could be delayed or not finalized.
• Negative Sentiment: Quarterly revenue declined 2.2% year over year, and Transocean continued to report a deeply negative net margin. The company’s high valuation relative to current earnings may leave the stock sensitive to any disappointment in profitability or contract execution.
• Negative Sentiment: Unusually heavy put-option activity before the results—41,673 puts purchased, roughly 53% above average daily volume—signals increased bearish or hedging activity among traders.

Insider Activity at Transocean

In related news, Director Chad C. Deaton purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average price of $4.95 per share, for a total transaction of $173,250.00. Following the completion of the transaction, the director owned 237,421 shares in the company, valued at approximately $1,175,233.95. The trade was a 17.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its stake in shares of Transocean by 22,432.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock worth $26,000 after purchasing an additional 6,281 shares during the period. Josh Arnold Investment Consultant LLC purchased a new stake in shares of Transocean in the second quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Transocean during the 4th quarter worth $27,000. Elevation Point Wealth Partners LLC bought a new position in Transocean during the 3rd quarter worth about $31,000. Finally, Larson Financial Group LLC boosted its stake in shares of Transocean by 203.8% during the third quarter. Larson Financial Group LLC now owns 11,030 shares of the offshore drilling services provider’s stock valued at $34,000 after purchasing an additional 7,399 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Transocean Stock Down 1.6%

NYSE RIG opened at $5.13 on Thursday. Transocean has a 12 month low of $2.76 and a 12 month high of $7.66. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.73 billion, a PE ratio of -1.72, a P/E/G ratio of 3.72 and a beta of 1.32. The stock’s 50 day moving average is $5.42 and its 200 day moving average is $5.90.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, August 5th. The offshore drilling services provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $956.64 million. During the same quarter in the previous year, the company earned ($1.06) EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Transocean will post 0.13 EPS for the current fiscal year.

About Transocean

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.