Q4 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research increased their Q4 2026 earnings estimates for Transocean in a research note issued on Friday, May 22nd. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.19 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS, Q4 2027 earnings at $0.04 EPS, FY2027 earnings at $0.16 EPS, Q1 2028 earnings at ($0.02) EPS and FY2028 earnings at ($0.04) EPS.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Transocean had a positive return on equity of 0.88% and a negative net margin of 66.79%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share.

Several other research analysts also recently commented on RIG. Morgan Stanley lifted their price target on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. BTIG Research lifted their target price on shares of Transocean from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Pareto Securities downgraded shares of Transocean from a “hold” rating to a “sell” rating and set a $5.25 target price on the stock. in a research note on Tuesday, February 10th. Clarkson Capital downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, TD Cowen lifted their target price on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Transocean presently has an average rating of “Hold” and a consensus price target of $6.96.

Transocean Trading Down 4.8%

RIG stock opened at $6.48 on Wednesday. The company has a market capitalization of $7.23 billion, a PE ratio of -2.17 and a beta of 1.34. Transocean has a one year low of $2.47 and a one year high of $7.66. The company’s 50 day moving average price is $6.56 and its two-hundred day moving average price is $5.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.54.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dalal Street LLC bought a new stake in Transocean in the third quarter valued at $76,260,000. Ghisallo Capital Management LLC bought a new stake in Transocean in the third quarter valued at $57,720,000. Elliott Investment Management L.P. bought a new stake in Transocean in the first quarter valued at $103,606,000. Vanguard Group Inc. boosted its holdings in Transocean by 19.3% in the third quarter. Vanguard Group Inc. now owns 94,519,248 shares of the offshore drilling services provider’s stock valued at $294,900,000 after acquiring an additional 15,315,289 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in Transocean in the third quarter valued at $30,262,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Transocean

In related news, EVP Roderick James Mackenzie sold 78,370 shares of Transocean stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total value of $498,433.20. Following the transaction, the executive vice president directly owned 268,025 shares of the company’s stock, valued at $1,704,639. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.70% of the stock is currently owned by insiders.

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.