Q3 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research dropped their Q3 2026 earnings estimates for shares of Transocean in a research report issued on Thursday, July 30th. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.04. The consensus estimate for Transocean’s current full-year earnings is $0.13 per share. Zacks Research also issued estimates for Transocean’s FY2028 earnings at $0.06 EPS.

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

RIG has been the subject of a number of other reports. Susquehanna decreased their price target on Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research note on Friday, July 17th. Morgan Stanley upped their target price on Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $6.00 to $8.00 in a research note on Thursday, May 7th. Finally, TD Cowen lifted their target price on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.82.

Transocean Price Performance

RIG stock opened at $5.16 on Monday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of -1.73, a PEG ratio of 3.79 and a beta of 1.32. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. Transocean has a 12-month low of $2.75 and a 12-month high of $7.66. The company’s fifty day simple moving average is $5.47 and its 200 day simple moving average is $5.89.

Hedge Funds Weigh In On Transocean

A number of institutional investors and hedge funds have recently made changes to their positions in RIG. HighTower Advisors LLC lifted its holdings in shares of Transocean by 33.5% in the 4th quarter. HighTower Advisors LLC now owns 2,085,842 shares of the offshore drilling services provider’s stock worth $8,615,000 after purchasing an additional 523,528 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Transocean during the 4th quarter valued at $2,338,000. Elliott Investment Management L.P. acquired a new position in Transocean during the first quarter worth $103,606,000. Dimensional Fund Advisors LP raised its holdings in Transocean by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 48,819,576 shares of the offshore drilling services provider’s stock worth $323,682,000 after buying an additional 5,349,264 shares during the last quarter. Finally, Rokos Capital Management LLP bought a new position in shares of Transocean in the first quarter valued at $21,030,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Chad C. Deaton purchased 35,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was purchased at an average cost of $4.95 per share, with a total value of $173,250.00. Following the completion of the purchase, the director owned 237,421 shares in the company, valued at approximately $1,175,233.95. This trade represents a 17.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.70% 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.