Transocean (RIG) to Release Earnings on Monday

Transocean (NYSE:RIG) is anticipated to release its Q1 2026 results after the market closes on Monday, May 4th. Analysts expect Transocean to post earnings of $0.07 per share and revenue of $1.0247 billion for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Tuesday, May 5, 2026 at 9:00 AM ET.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Friday, February 20th. The offshore drilling services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Transocean had a positive return on equity of 0.41% and a negative net margin of 73.52%.The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted ($0.09) earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Transocean Trading Up 0.2%

NYSE RIG opened at $6.84 on Friday. The company has a market capitalization of $7.56 billion, a PE ratio of -2.17 and a beta of 1.34. Transocean has a 1-year low of $2.27 and a 1-year high of $7.14. The firm’s fifty day simple moving average is $6.41 and its 200-day simple moving average is $5.08. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Fearnley Fonds cut shares of Transocean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Susquehanna upped their price objective on shares of Transocean from $7.50 to $8.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. BTIG Research upped their price objective on shares of Transocean from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $6.79.

Insider Activity

In other news, EVP Roderick James Mackenzie sold 78,370 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $6.36, for a total value of $498,433.20. Following the sale, the executive vice president directly owned 268,025 shares of the company’s stock, valued at approximately $1,704,639. This trade represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Transocean

Hedge funds and other institutional investors have recently made changes to their positions in the business. Josh Arnold Investment Consultant LLC acquired a new stake in shares of Transocean in the second quarter valued at about $26,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Transocean in the third quarter valued at about $31,000. EP Wealth Advisors LLC acquired a new stake in shares of Transocean in the second quarter valued at about $34,000. Larson Financial Group LLC grew its position in shares of Transocean by 203.8% in 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 during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Transocean in the third quarter valued at about $38,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.