Q4 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research raised their Q4 2026 earnings estimates for Transocean in a research note issued to investors on Friday, May 22nd. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.10 for the quarter, up from their prior forecast of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.19 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.03 EPS, Q4 2027 earnings at $0.04 EPS, FY2027 earnings at $0.16 EPS, Q1 2028 earnings at ($0.02) EPS and FY2028 earnings at ($0.04) EPS.

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

RIG has been the subject of a number of other reports. Fearnley Fonds lowered shares of Transocean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Morgan Stanley raised their price objective on shares of Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research report on Tuesday, April 21st. TD Cowen raised their price objective on shares of Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Pareto Securities downgraded shares of Transocean from a “hold” rating to a “sell” rating and set a $5.25 target price on the stock. in a research note on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.96.

Transocean Price Performance

Shares of NYSE:RIG opened at $6.48 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $7.23 billion, a PE ratio of -2.17 and a beta of 1.34. Transocean has a twelve month low of $2.47 and a twelve month high of $7.66. The company has a 50-day moving average price of $6.56 and a two-hundred day moving average price of $5.44.

Insider Transactions at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 78,370 shares of Transocean stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total transaction of $498,433.20. Following the completion of the sale, the executive vice president directly owned 268,025 shares in the company, valued at $1,704,639. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Transocean

Several hedge funds have recently bought and sold shares of RIG. Dalal Street LLC bought a new stake in Transocean during the third quarter valued at approximately $76,260,000. Ghisallo Capital Management LLC bought a new stake in Transocean during the third quarter valued at approximately $57,720,000. Elliott Investment Management L.P. bought a new stake in Transocean during the first quarter valued at approximately $103,606,000. Vanguard Group Inc. lifted its position in Transocean by 19.3% during the third quarter. Vanguard Group Inc. now owns 94,519,248 shares of the offshore drilling services provider’s stock valued at $294,900,000 after purchasing an additional 15,315,289 shares during the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of Transocean during the third quarter worth approximately $30,262,000. 67.73% of the stock is currently owned by institutional investors.

About Transocean

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.