Zacks Research Predicts Transocean’s Q4 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for Transocean in a report issued on Wednesday, November 20th. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. The consensus estimate for Transocean’s current full-year earnings is ($0.16) per share. Zacks Research also issued estimates for Transocean’s Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.03 EPS and Q3 2026 earnings at $0.06 EPS.

Several other equities analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Transocean from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Susquehanna decreased their price target on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research note on Friday, November 1st. StockNews.com raised shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. Finally, Benchmark cut shares of Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Transocean currently has an average rating of “Hold” and an average price target of $6.63.

Transocean Stock Performance

Shares of NYSE RIG opened at $4.47 on Friday. Transocean has a 12 month low of $3.85 and a 12 month high of $6.88. The stock has a 50 day moving average of $4.34 and a 200-day moving average of $4.95. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3.91 billion, a P/E ratio of -5.95 and a beta of 2.78.

Insider Buying and Selling

In related news, Director Perestroika acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the purchase, the director now directly owns 91,074,894 shares in the company, valued at approximately $376,139,312.22. This trade represents a 1.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $4.29, for a total transaction of $85,800.00. Following the sale, the executive vice president now directly owns 310,857 shares in the company, valued at approximately $1,333,576.53. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. 13.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Transocean

A number of hedge funds and other institutional investors have recently bought and sold shares 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 lifted its holdings in Transocean by 0.4% in the third quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock valued at $239,454,000 after buying an additional 222,680 shares during the period. Capital World Investors boosted its position in Transocean by 18.8% during the first quarter. Capital World Investors now owns 46,334,990 shares of the offshore drilling services provider’s stock valued at $290,984,000 after acquiring an additional 7,320,672 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Transocean by 19.0% in 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 acquiring an additional 5,856,414 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after purchasing an additional 1,944,723 shares in the last quarter. Institutional investors own 67.73% 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.