Equities Analysts Issue Forecasts for Transocean Q1 Earnings

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Transocean in a report issued on Wednesday, June 3rd. Zacks Research analyst Team now expects that the offshore drilling services provider will post earnings of $0.04 per share for the quarter, up from their prior 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 Q2 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.05 EPS and FY2027 earnings at $0.18 EPS.

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

A number of other brokerages have also weighed in on RIG. Fearnley Fonds lowered Transocean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research report on Tuesday, April 21st. BTIG Research lifted their target price on Transocean from $6.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Pareto Securities lowered Transocean from a “hold” rating to a “sell” rating and set a $5.25 target price for the company. in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.96.

Transocean Price Performance

Shares of RIG stock opened at $6.19 on Thursday. Transocean has a 52-week low of $2.51 and a 52-week high of $7.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.54. The firm has a market capitalization of $6.91 billion, a P/E ratio of -2.08 and a beta of 1.28. The stock has a 50 day moving average price of $6.54 and a 200 day moving average price of $5.53.

Institutional Trading of Transocean

Large investors have recently added to or reduced their stakes in the company. Monashee Investment Management LLC purchased a new stake in Transocean during the 3rd quarter valued at about $936,000. Citigroup Inc. grew its stake in Transocean by 37.5% during the 3rd quarter. Citigroup Inc. now owns 818,781 shares of the offshore drilling services provider’s stock valued at $2,555,000 after purchasing an additional 223,231 shares during the last quarter. HighTower Advisors LLC grew its stake in Transocean by 2,662.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,562,314 shares of the offshore drilling services provider’s stock valued at $4,874,000 after purchasing an additional 1,505,755 shares during the last quarter. Ninepoint Partners LP purchased a new stake in Transocean during the 3rd quarter valued at about $18,720,000. Finally, Cibc World Market Inc. grew its stake in Transocean by 23.9% during the 3rd quarter. Cibc World Market Inc. now owns 4,882,994 shares of the offshore drilling services provider’s stock valued at $15,235,000 after purchasing an additional 941,537 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.