Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Zacks Research lifted their Q1 2026 earnings per share estimates for shares of Transocean in a report released on Friday, October 10th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will earn $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.13 EPS, Q1 2027 earnings at $0.01 EPS, Q3 2027 earnings at $0.02 EPS and FY2027 earnings at $0.07 EPS.

Several other research firms also recently issued reports on RIG. Barclays upped their price target on Transocean from $3.50 to $4.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Transocean from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Transocean currently has a consensus rating of “Hold” and an average target price of $4.26.

Transocean Stock Performance

RIG opened at $3.19 on Monday. The company has a market cap of $3.00 billion, a PE ratio of -1.71, a price-to-earnings-growth ratio of 5.93 and a beta of 2.68. The stock has a 50-day moving average of $3.16 and a 200-day moving average of $2.82. Transocean has a 52-week low of $1.97 and a 52-week high of $4.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.26.

Institutional Trading of Transocean

Hedge funds have recently modified their holdings of the company. Josh Arnold Investment Consultant LLC bought a new stake in shares of Transocean in the 2nd quarter worth approximately $26,000. Blume Capital Management Inc. lifted its position in shares of Transocean by 125.9% in the 2nd quarter. Blume Capital Management Inc. now owns 10,560 shares of the offshore drilling services provider’s stock worth $27,000 after acquiring an additional 5,885 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Transocean in the 2nd quarter worth approximately $27,000. Verum Partners LLC bought a new stake in shares of Transocean in the 2nd quarter worth approximately $28,000. Finally, Stockman Wealth Management Inc. bought a new stake in shares of Transocean in the 2nd quarter worth approximately $28,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Transocean

In other Transocean news, Director Frederik Wilhelm Mohn bought 4,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average price of $3.05 per share, for a total transaction of $12,200,000.00. Following the purchase, the director directly owned 95,074,894 shares in the company, valued at $289,978,426.70. This trade represents a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director (Cyprus) Ltd Perestroika acquired 4,000,000 shares of Transocean stock in a transaction on Friday, September 26th. The stock was purchased at an average price of $3.05 per share, with a total value of $12,200,000.00. Following the transaction, the director directly owned 95,074,894 shares in the company, valued at approximately $289,978,426.70. This trade represents a 4.39% increase in their position. The disclosure for this purchase can be found here. 12.54% of the stock is owned by corporate insiders.

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.