Transocean (NYSE:RIG) Stock Purchase Reported by Rep. Lisa C. McClain

Representative Lisa C. McClain (Republican-Michigan) recently bought shares of Transocean Ltd. (NYSE:RIG). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Transocean stock on September 14th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
• Sold $15,001 – $50,000 in shares of Seagate Technology (NASDAQ:STX) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
• Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
• Purchased $1,001 – $15,000 in shares of Novagold Resources (NYSEAMERICAN:NG) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.

Transocean Price Performance

Shares of RIG traded down $0.01 during mid-day trading on Wednesday, hitting $5.63. 30,497,271 shares of the company traded hands, compared to its average volume of 40,398,465. The company has a current ratio of 1.59, a quick ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of -3.01, a PEG ratio of 4.14 and a beta of 1.41. The business has a 50-day moving average of $5.63 and a 200 day moving average of $5.84. Transocean Ltd. has a one year low of $3.14 and a one year high of $7.66.

Transocean (NYSE:RIG) last released its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Transocean had a negative net margin of 40.24% and a positive return on equity of 2.60%. The business had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. During the same quarter last year, the firm earned ($1.06) EPS. Transocean’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Transocean Ltd. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Transocean

Several institutional investors and hedge funds have recently made changes to their positions in RIG. Dimensional Fund Advisors LP increased its holdings in Transocean by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 48,819,576 shares of the offshore drilling services provider’s stock worth $323,682,000 after buying an additional 5,349,264 shares during the last quarter. State Street Corp grew its holdings in Transocean by 8.7% during the second quarter. State Street Corp now owns 27,148,850 shares of the offshore drilling services provider’s stock valued at $132,758,000 after purchasing an additional 2,166,646 shares during the period. Elliott Investment Management L.P. purchased a new stake in Transocean in the first quarter worth $103,606,000. Keybank National Association OH raised its stake in shares of Transocean by 3.3% in the first quarter. Keybank National Association OH now owns 12,656,881 shares of the offshore drilling services provider’s stock valued at $83,915,000 after buying an additional 405,804 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Transocean in the second quarter valued at $37,477,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RIG. Zacks Research upgraded Transocean from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a report on Friday, July 17th. Fearnley Fonds raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Barclays decreased their price objective on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Finally, Susquehanna cut their target price on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.68.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Transocean

Transocean Ltd. is an offshore contract drilling company that provides drilling services to the international oil and gas industry. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater and harsh-environment drillships and semisubmersible rigs, which are contracted by energy companies to drill exploration, appraisal and development wells.

Transocean’s services support offshore drilling programs in challenging environments around the world. Its operations have included activity in the Gulf of Mexico, Brazil, the North Sea, West Africa and other major offshore regions.