97,272 Shares in Transocean Ltd. $RIG Bought by State of Wyoming

State of Wyoming acquired a new stake in Transocean Ltd. (NYSE:RIG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 97,272 shares of the offshore drilling services provider’s stock, valued at approximately $510,000.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Transocean in the 3rd quarter valued at $116,000. Parcion Private Wealth LLC bought a new stake in Transocean in the third quarter valued at $55,000. D.A. Davidson & CO. acquired a new position in Transocean during the third quarter worth $270,000. LaFleur & Godfrey LLC acquired a new position in Transocean during the third quarter worth $64,000. Finally, Parametrica Management Ltd bought a new position in shares of Transocean during the third quarter valued at $90,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Transocean Stock Down 10.4%

NYSE RIG opened at $6.21 on Tuesday. The stock’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $5.84. Transocean Ltd. has a one year low of $3.68 and a one year high of $7.66. The firm has a market cap of $6.94 billion, a PE ratio of -3.31, a price-to-earnings-growth ratio of 4.91 and a beta of 1.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.59 and a quick ratio of 1.27.

Transocean (NYSE:RIG) last issued its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $966.00 million during the quarter, compared to the consensus estimate of $956.64 million. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.06) EPS. As a group, sell-side analysts forecast that Transocean Ltd. will post 0.18 earnings per share for the current fiscal year.

Key Headlines Impacting Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean’s fleet update included new contracts for the Deepwater Conqueror: a two-well contract in Equatorial Guinea and a five-well contract in the U.S. Gulf. These awards improve potential backlog and future rig utilization. Transocean Ltd. Provides Quarterly Fleet Status Report
• Positive Sentiment: The company’s earnings release highlighted a return to profitability on a reported basis, a significant improvement from the prior-year period. Management is scheduled to discuss the results on its November 3 conference call. Transocean Ltd. Reports Third Quarter 2026 Results
• Neutral Sentiment: Third-quarter contract drilling revenue was $937 million. The fleet report provides updated activity and contract information, but several customer and contract-value details were undisclosed, limiting visibility into the immediate financial impact. Transocean Ltd. Provides Quarterly Fleet Status Report
• Negative Sentiment: Revenue fell 8.9% year over year and came in below analyst expectations of roughly $944 million to $956 million, signaling softer operating performance than anticipated. Transocean Reports Sales Below Analyst Estimates
• Negative Sentiment: Adjusted earnings were approximately break-even, missing consensus estimates ranging from $0.02 to $0.03 per share. The earnings shortfall, combined with declining revenue, is the main reason investors reacted negatively despite the reported profit headline. Transocean Reports Break-Even Earnings for Q3

Analysts Set New Price Targets

Several equities research analysts have recently commented on RIG shares. Susquehanna reduced their target price on shares of Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Fearnley Fonds upgraded shares of Transocean from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a report on Thursday, October 15th. Barclays reduced their price target on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Transocean from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Transocean has an average rating of “Hold” and an average target price of $6.68.

About Transocean

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.