Transocean (NYSE:RIG) Hits New 12-Month High on Analyst Upgrade

Transocean Ltd. (NYSE:RIG) shares hit a new 52-week high during mid-day trading on Tuesday after BTIG Research raised their price target on the stock from $6.00 to $10.00. BTIG Research currently has a buy rating on the stock. Transocean traded as high as $5.77 and last traded at $5.70, with a volume of 183174729 shares traded. The stock had previously closed at $5.39.

RIG has been the topic of several other reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Transocean in a report on Wednesday, December 10th. Citigroup boosted their target price on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Susquehanna upped their target price on Transocean from $4.50 to $5.00 and gave the company a “positive” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research note on Thursday, January 22nd. Finally, Barclays upped their price objective on Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.22.

Insider Buying and Selling

In other news, Director Perestroika bought 1,500,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $4.02 per share, with a total value of $6,030,000.00. Following the transaction, the director directly owned 96,574,894 shares in the company, valued at approximately $388,231,073.88. This trade represents a 1.58% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Keelan Adamson sold 58,687 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $5.00, for a total value of $293,435.00. Following the transaction, the chief executive officer directly owned 1,222,182 shares in the company, valued at $6,110,910. The trade was a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 712,970 shares of company stock valued at $3,152,132 over the last 90 days. 12.54% of the stock is owned by insiders.

Trending Headlines about Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: The announced all‑stock acquisition of Valaris (~$5.8B) creates a combined fleet of 73 rigs, an industry‑leading backlog (~$10B) and identified cost synergies (> $200M), which should improve cash flow, liquidity and long‑term pricing power. Transocean to Acquire Valaris
• Positive Sentiment: Sell‑side reaction includes notable upside: BTIG raised its price target sharply (from $6 to $10) and maintained a buy stance, signaling some analysts see material upside from the merger and re‑rating potential. Benzinga — BTIG price target raise
• Neutral Sentiment: Market reaction has been positive since the deal announcement (RIG and VAL spiked), but several analysts note valuation and integration execution could limit near‑term upside — suggesting gains may already be partly priced in. Seeking Alpha — balanced take
• Neutral Sentiment: Operational/earnings outlook is mixed: Q4 previews expect higher revenue vs. year‑ago but rising operating & maintenance costs could pressure margins absent realized synergies. Investors should watch the upcoming earnings release for confirmation. Zacks — Q4 preview
• Negative Sentiment: Multiple shareholder law firms are investigating whether Transocean obtained a fair deal and whether Valaris’s sale process was adequate; such litigation and proxy disputes can delay closing, raise costs or create deal uncertainty. Monteverde & Associates investigation Halper Sadeh investigation Kahn Swick & Foti — Valaris investor alert
• Negative Sentiment: Significant execution and regulatory risks remain: the deal is subject to approvals, integration challenges, potential customer contract changes on change‑of‑control, and possible near‑term stock‑price dilution dynamics as the market re‑weights ownership. Management’s leverage targets (pro forma deleveraging to ~1.5x within 24 months) depend on successful synergy capture. Transocean press release / deal details

Institutional Investors Weigh In On Transocean

Hedge funds have recently modified their holdings of the business. Fruth Investment Management raised its stake in Transocean by 2.8% in the fourth quarter. Fruth Investment Management now owns 90,378 shares of the offshore drilling services provider’s stock worth $373,000 after buying an additional 2,500 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Transocean by 9.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 35,604 shares of the offshore drilling services provider’s stock valued at $114,000 after acquiring an additional 2,932 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Transocean by 3.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 100,634 shares of the offshore drilling services provider’s stock valued at $314,000 after acquiring an additional 3,367 shares during the period. Moors & Cabot Inc. raised its position in shares of Transocean by 14.7% in the 2nd quarter. Moors & Cabot Inc. now owns 27,350 shares of the offshore drilling services provider’s stock worth $71,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Townsend & Associates Inc lifted its stake in shares of Transocean by 16.0% during the 4th quarter. Townsend & Associates Inc now owns 29,000 shares of the offshore drilling services provider’s stock worth $126,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Stock Performance

The business has a 50-day moving average of $4.45 and a two-hundred day moving average of $3.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.91. The company has a market cap of $6.01 billion, a P/E ratio of -1.66 and a beta of 1.46.

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.