Q3 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Transocean in a research report issued on Monday, May 19th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will earn $0.06 per share for the quarter, down from their previous estimate of $0.07. 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 $0.04 EPS and FY2027 earnings at $0.19 EPS.

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

Transocean Stock Performance

NYSE:RIG opened at $2.55 on Wednesday. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $6.26. The firm’s 50 day moving average is $2.59 and its two-hundred day moving average is $3.40. The company has a market cap of $2.25 billion, a P/E ratio of -3.49, a P/E/G ratio of 0.86 and a beta of 2.52. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

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

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $2.78, for a total value of $61,160.00. Following the transaction, the executive vice president now owns 340,841 shares in the company, valued at approximately $947,537.98. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.27% of the company’s stock.

Institutional Investors Weigh In On Transocean

A number of hedge funds have recently bought and sold shares of RIG. Twin Tree Management LP purchased a new position in shares of Transocean during the 4th quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in Transocean by 154.8% in the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider’s stock valued at $28,000 after acquiring an additional 5,353 shares in the last quarter. Optiver Holding B.V. boosted its stake in Transocean by 53.6% during the 4th quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider’s stock valued at $32,000 after acquiring an additional 2,933 shares during the last quarter. Townsend & Associates Inc acquired a new position in Transocean during the 1st quarter worth $32,000. Finally, Costello Asset Management INC bought a new stake in shares of Transocean in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.