Transocean (NYSE:RIG) Given New $10.00 Price Target at BTIG Research

Transocean (NYSE:RIG) had its target price raised by investment analysts at BTIG Research from $6.00 to $10.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the offshore drilling services provider’s stock. BTIG Research’s price target indicates a potential upside of 81.98% from the stock’s previous close.

A number of other analysts have also issued reports on RIG. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Thursday, January 22nd. Susquehanna raised their price objective on shares of Transocean from $4.50 to $5.00 and gave the stock a “positive” rating in a report on Wednesday, January 7th. Morgan Stanley set a $4.50 target price on shares of Transocean in a research note on Monday, December 15th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Transocean in a research note on Wednesday, December 10th. Finally, Barclays upped their price objective on Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Transocean currently has a consensus rating of “Hold” and a consensus price target of $5.22.

Transocean Stock Up 1.9%

NYSE RIG traded up $0.11 during mid-day trading on Monday, reaching $5.50. 96,421,033 shares of the company’s stock traded hands, compared to its average volume of 38,318,934. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. Transocean has a 1-year low of $1.97 and a 1-year high of $5.55. The company has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $3.75. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -1.68 and a beta of 1.45.

Insider Buying and Selling at Transocean

In related news, insider Jeremy D. Thigpen sold 500,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $4.32, for a total value of $2,160,000.00. Following the sale, the insider owned 2,136,223 shares of the company’s stock, valued at $9,228,483.36. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederik Wilhelm Mohn bought 1,500,000 shares of Transocean stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $4.02 per share, with a total value of $6,030,000.00. Following the completion of the purchase, the director directly owned 96,574,894 shares in the company, valued at $388,231,073.88. This trade represents a 1.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 712,970 shares of company stock valued at $3,152,132. Corporate insiders own 12.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RIG. Legal & General Group Plc grew its stake in shares of Transocean by 6.2% in the 4th quarter. Legal & General Group Plc now owns 1,101,908 shares of the offshore drilling services provider’s stock worth $4,551,000 after purchasing an additional 64,432 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in Transocean by 11,328.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 4,610,882 shares of the offshore drilling services provider’s stock worth $19,043,000 after buying an additional 4,570,538 shares in the last quarter. Evoke Wealth LLC acquired a new position in Transocean in the fourth quarter worth approximately $42,000. Keudell Morrison Wealth Management bought a new position in shares of Transocean in the fourth quarter valued at $41,000. Finally, Leonteq Securities AG acquired a new stake in shares of Transocean during the 4th quarter valued at $52,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Stories Impacting Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean agreed to acquire Valaris in an all‑stock deal that would leave Transocean shareholders with ~53% of the combined company, create a 73‑rig high‑spec fleet, and identify more than $200M of transaction synergies — the main catalyst pushing RIG higher. Transocean to acquire Valaris in $5.8B all-stock deal
• Positive Sentiment: Company press materials and a joint conference call (8 a.m. CT / 9 a.m. ET) outline projected benefits: improved cash flow, faster deleveraging (target ~1.5x leverage within 24 months), expanded market access and an estimated pro‑forma market cap — supporting a re‑rating narrative for the name. Transocean to Acquire Valaris
• Neutral Sentiment: Market reaction: Valaris shares jumped (reportedly ~21%) on the deal announcement — a sign of investor approval for the terms, but RIG’s move depends on closing risk and integration execution. Transocean To Buy Valaris For $5.8 Bln Stock; Valaris Shares Climb
• Neutral Sentiment: Coverage and analysis pieces signal potential upside but vary in conviction (examples: valuation work suggesting RIG may be undervalued and outside analyst commentary); these help frame investor debate but don’t change deal fundamentals. An Intrinsic Calculation For Transocean Ltd. (NYSE:RIG) Suggests It’s 23% Undervalued
• Negative Sentiment: Halper Sadeh LLC is investigating whether Transocean shareholders are receiving a fair deal, which could lead to litigation or shareholder pressure that delays or alters the transaction — a direct near‑term headwind for the share price. RIG Stock Alert: Halper Sadeh LLC is Investigating Whether Transocean Ltd. is Obtaining a Fair Deal for its Shareholders
• Negative Sentiment: Completion risks — regulatory approvals, shareholder votes, integration execution and potential contract/customer disruptions — remain material; failure to realize synergies or delays could reverse initial gains. (See deal release for the companies’ cautionary statements.) Transocean Ltd. and Valaris Limited Announce Definitive Agreement for $5.8 Billion Merger to Form Premier Offshore Drilling Company

Transocean Company Profile

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.