Zacks Research Predicts Transocean’s Q2 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for Transocean in a research report issued on Tuesday, October 22nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.14. The consensus estimate for Transocean’s current full-year earnings is ($0.18) per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.13 EPS and FY2026 earnings at $0.46 EPS.

Transocean (NYSE:RIG) last announced its earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.25 million. Transocean had a negative return on equity of 4.76% and a negative net margin of 11.34%. Transocean’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS.

A number of other brokerages also recently issued reports on RIG. Susquehanna reduced their price target on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Barclays reduced their price target on Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday. StockNews.com raised Transocean to a “sell” rating in a research report on Thursday, October 10th. DNB Markets raised Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley increased their price target on Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.69.

Transocean Price Performance

Shares of NYSE RIG opened at $4.09 on Thursday. The firm has a market cap of $3.58 billion, a P/E ratio of -9.09 and a beta of 2.79. The company has a current ratio of 1.36, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63. Transocean has a 1-year low of $3.85 and a 1-year high of $7.06. The business’s 50 day moving average is $4.45 and its 200-day moving average is $5.18.

Insider Buying and Selling at Transocean

In other Transocean news, Director (Cyprus) Ltd Perestroika bought 2,000,000 shares of Transocean stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $5.23 per share, with a total value of $10,460,000.00. Following the acquisition, the director now owns 89,574,894 shares in the company, valued at $468,476,695.62. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Perestroika purchased 1,500,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $4.13 per share, for a total transaction of $6,195,000.00. Following the purchase, the director now owns 91,074,894 shares of the company’s stock, valued at approximately $376,139,312.22. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $5.23 per share, with a total value of $10,460,000.00. Following the completion of the purchase, the director now directly owns 89,574,894 shares in the company, valued at $468,476,695.62. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 13.16% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RIG. Vanguard Group Inc. raised its position in Transocean by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 68,982,142 shares of the offshore drilling services provider’s stock worth $433,208,000 after purchasing an additional 429,950 shares during the last quarter. Primecap Management Co. CA raised its position in Transocean by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 56,119,489 shares of the offshore drilling services provider’s stock worth $300,239,000 after purchasing an additional 375,450 shares during the last quarter. Capital World Investors raised its position in Transocean by 18.8% during the 1st quarter. Capital World Investors now owns 46,334,990 shares of the offshore drilling services provider’s stock worth $290,984,000 after purchasing an additional 7,320,672 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Transocean by 19.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock worth $196,484,000 after purchasing an additional 5,856,414 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Transocean by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 17,013,964 shares of the offshore drilling services provider’s stock worth $106,848,000 after purchasing an additional 1,105,747 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

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.