Q2 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research reduced their Q2 2025 EPS estimates for shares of Transocean in a report issued on Monday, March 10th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q3 2025 earnings at $0.03 EPS, Q1 2026 earnings at $0.04 EPS and FY2027 earnings at $0.18 EPS.

Several other brokerages have also recently weighed in on RIG. TD Cowen lowered their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Friday, December 6th. Evercore ISI cut shares of Transocean from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. SEB Equity Research set a $2.80 target price on shares of Transocean in a research report on Wednesday, March 5th. Finally, Barclays decreased their target price on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Transocean has an average rating of “Hold” and a consensus target price of $5.42.

Transocean Price Performance

Transocean stock opened at $2.97 on Wednesday. The company has a fifty day simple moving average of $3.62 and a 200-day simple moving average of $4.01. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 0.86 and a beta of 2.72. Transocean has a 52-week low of $2.55 and a 52-week high of $6.88.

Transocean (NYSE:RIG) last released its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The business had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $962.28 million.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the sale, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.16% of the company’s stock.

Institutional Trading of Transocean

Large investors have recently made changes to their positions in the company. Hosking Partners LLP increased its stake in shares of Transocean by 23.5% during the fourth quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider’s stock worth $6,398,000 after buying an additional 324,955 shares during the period. Geode Capital Management LLC increased its stake in Transocean by 4.1% in the third quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock valued at $73,307,000 after purchasing an additional 680,242 shares during the last quarter. Van ECK Associates Corp increased its stake in Transocean by 33.9% in the fourth quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider’s stock valued at $57,727,000 after purchasing an additional 3,895,880 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Transocean by 25.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider’s stock valued at $1,874,000 after purchasing an additional 100,691 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

About Transocean

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.