Transocean (NYSE:RIG) Stock Purchase Disclosed by Rep. Lisa C. McClain

Representative Lisa C. McClain (Republican-Michigan) recently bought shares of Transocean Ltd. (NYSE:RIG). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Transocean stock on September 14th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
• Sold $15,001 – $50,000 in shares of Seagate Technology (NASDAQ:STX) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
• Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
• Purchased $1,001 – $15,000 in shares of Novagold Resources (NYSEAMERICAN:NG) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.

Transocean Stock Performance

Shares of NYSE RIG traded up $0.04 during trading on Wednesday, reaching $5.70. The stock had a trading volume of 13,549,642 shares, compared to its average volume of 40,298,551. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59. The stock has a market cap of $6.36 billion, a PE ratio of -3.03, a P/E/G ratio of 4.14 and a beta of 1.41. Transocean Ltd. has a one year low of $3.14 and a one year high of $7.66. The firm’s 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.84.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $956.64 million. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the business posted ($1.06) earnings per share. On average, research analysts forecast that Transocean Ltd. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RIG shares. Zacks Research raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a report on Friday, July 17th. Susquehanna lowered their target price on Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Fearnley Fonds upgraded Transocean from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Barclays cut their price target on Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.68.

Institutional Trading of Transocean

Hedge funds have recently added to or reduced their stakes in the business. Elliott Investment Management L.P. acquired a new position in shares of Transocean during the 1st quarter valued at $103,606,000. Assenagon Asset Management S.A. bought a new position in shares of Transocean during the 2nd quarter valued at about $37,477,000. Ninepoint Partners LP bought a new position in shares of Transocean during the 2nd quarter valued at about $34,230,000. Dimensional Fund Advisors LP grew its stake in shares of Transocean by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 48,819,576 shares of the offshore drilling services provider’s stock worth $323,682,000 after purchasing an additional 5,349,264 shares during the last quarter. Finally, Empyrean Capital Partners LP acquired a new position in shares of Transocean in the 1st quarter worth approximately $30,302,000. Institutional investors own 67.73% of the company’s stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Transocean

Transocean Ltd. is an offshore contract drilling company that provides drilling services to the international oil and gas industry. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater and harsh-environment drillships and semisubmersible rigs, which are contracted by energy companies to drill exploration, appraisal and development wells.

Transocean’s services support offshore drilling programs in challenging environments around the world. Its operations have included activity in the Gulf of Mexico, Brazil, the North Sea, West Africa and other major offshore regions.