Q3 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities researchers at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Transocean in a report released on Wednesday, August 26th. Zacks Research analyst Team now expects that the offshore drilling services provider will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.17 per share. Zacks Research also issued estimates for Transocean’s Q2 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.08 EPS, FY2027 earnings at $0.24 EPS, Q2 2028 earnings at $0.03 EPS and FY2028 earnings at $0.08 EPS.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. Transocean had a negative net margin of 40.24% and a positive return on equity of 2.60%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.06) earnings per share.

A number of other research analysts also recently issued reports on the company. Susquehanna decreased their price objective 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 raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Barclays lowered their price objective on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. TD Cowen increased their target price on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Transocean presently has an average rating of “Hold” and an average target price of $6.68.

Transocean Stock Performance

Shares of Transocean stock opened at $5.75 on Friday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of -3.06, a price-to-earnings-growth ratio of 4.49 and a beta of 1.32. The stock’s 50-day moving average is $5.34 and its 200-day moving average is $6.00. Transocean has a one year low of $2.93 and a one year high of $7.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.59 and a quick ratio of 1.27.

Insider Transactions at Transocean

In other Transocean news, Director Chad C. Deaton acquired 35,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average cost of $4.95 per share, with a total value of $173,250.00. Following the completion of the transaction, the director directly owned 237,421 shares in the company, valued at approximately $1,175,233.95. This represents a 17.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RIG. EverSource Wealth Advisors LLC increased its holdings in shares of Transocean by 27.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider’s stock worth $43,000 after acquiring an additional 1,391 shares during the last quarter. Annandale Capital LLC lifted its holdings in Transocean by 17.7% during the 4th quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider’s stock valued at $69,000 after purchasing an additional 2,500 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Transocean by 20.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 24,175 shares of the offshore drilling services provider’s stock worth $75,000 after purchasing an additional 4,026 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Transocean by 19.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock valued at $101,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Nwam LLC increased its holdings in shares of Transocean by 15.5% in the fourth quarter. Nwam LLC now owns 32,134 shares of the offshore drilling services provider’s stock valued at $146,000 after purchasing an additional 4,304 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

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.