Q2 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Investment analysts at Zacks Research cut their Q2 2025 earnings estimates for Transocean in a report issued on Monday, December 16th. Zacks Research analyst N. Choudhury now expects that the offshore drilling services provider will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for Transocean’s current full-year earnings is ($0.15) per share. Zacks Research also issued estimates for Transocean’s FY2025 earnings at $0.14 EPS and Q2 2026 earnings at $0.02 EPS.

Other equities analysts also recently issued reports about the company. Benchmark restated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Susquehanna dropped their price target on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research report on Friday, November 1st. StockNews.com raised shares of Transocean to a “sell” rating in a research note on Tuesday, November 12th. Barclays lowered their target price on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Transocean from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.25.

Transocean Stock Down 1.3 %

Shares of RIG opened at $3.68 on Wednesday. The stock’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.72. Transocean has a 12 month low of $3.54 and a 12 month high of $6.88. The company has a market capitalization of $3.22 billion, a PE ratio of -4.91 and a beta of 2.75. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Transocean

A number of hedge funds and other institutional investors have recently bought and sold shares of RIG. Charles Schwab Investment Management Inc. grew its position in shares of Transocean by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock valued at $49,327,000 after purchasing an additional 826,229 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Transocean by 335.3% in the 3rd quarter. International Assets Investment Management LLC now owns 196,699 shares of the offshore drilling services provider’s stock worth $836,000 after purchasing an additional 151,507 shares during the period. MetLife Investment Management LLC grew its holdings in Transocean by 125.9% during the 3rd quarter. MetLife Investment Management LLC now owns 415,031 shares of the offshore drilling services provider’s stock valued at $1,764,000 after buying an additional 231,334 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Transocean by 214.3% during the second quarter. The Manufacturers Life Insurance Company now owns 382,362 shares of the offshore drilling services provider’s stock valued at $2,046,000 after buying an additional 260,710 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Transocean in the third quarter worth about $670,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Transocean

In other news, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $4.29, for a total value of $85,800.00. Following the sale, the executive vice president now owns 310,857 shares of the company’s stock, valued at $1,333,576.53. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 13.16% of the company’s stock.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.