Q1 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Zacks Research increased their Q1 2027 earnings per share (EPS) estimates for Transocean in a research note issued to investors on Wednesday, June 3rd. Zacks Research analyst Team now expects that the offshore drilling services provider will earn $0.04 per share for the quarter, up from their prior estimate 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 Q2 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.05 EPS and FY2027 earnings at $0.18 EPS.

Transocean (NYSE:RIG) last posted 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). 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) EPS. The firm’s revenue was up 19.3% compared to the same quarter last year.

A number of other research analysts also recently weighed in on RIG. Clarkson Capital downgraded Transocean from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Fearnley Fonds downgraded Transocean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Pareto Securities downgraded Transocean from a “hold” rating to a “sell” rating and set a $5.25 target price on the stock. in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a report on Tuesday, April 21st. Finally, TD Cowen upped their price target on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.96.

Transocean Stock Down 1.0%

RIG stock opened at $6.19 on Thursday. Transocean has a fifty-two week low of $2.51 and a fifty-two week high of $7.66. The business’s 50-day moving average is $6.54 and its two-hundred day moving average is $5.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.54. The company has a market cap of $6.91 billion, a price-to-earnings ratio of -2.08 and a beta of 1.28.

Institutional Trading of Transocean

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Monashee Investment Management LLC purchased a new stake in shares of Transocean during the third quarter worth about $936,000. Citigroup Inc. grew its position in shares of Transocean by 37.5% during the third quarter. Citigroup Inc. now owns 818,781 shares of the offshore drilling services provider’s stock worth $2,555,000 after purchasing an additional 223,231 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Transocean by 2,662.3% during the third quarter. HighTower Advisors LLC now owns 1,562,314 shares of the offshore drilling services provider’s stock worth $4,874,000 after purchasing an additional 1,505,755 shares in the last quarter. Ninepoint Partners LP purchased a new stake in shares of Transocean during the third quarter worth about $18,720,000. Finally, Cibc World Market Inc. grew its position in shares of Transocean by 23.9% during the third quarter. Cibc World Market Inc. now owns 4,882,994 shares of the offshore drilling services provider’s stock worth $15,235,000 after purchasing an additional 941,537 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.