Transocean (NYSE:RIG) Stock Price Expected to Rise, BTIG Research Analyst Says

Transocean (NYSE:RIG) had its price objective increased by stock analysts at BTIG Research from $6.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the offshore drilling services provider’s stock. BTIG Research’s target price would indicate a potential upside of 81.98% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays boosted their price target on shares of Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Transocean in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a report on Thursday, January 22nd. Susquehanna increased their price objective on Transocean from $4.50 to $5.00 and gave the stock a “positive” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley set a $4.50 target price on shares of Transocean in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.22.

Transocean Stock Up 1.9%

Shares of RIG traded up $0.11 during mid-day trading on Monday, reaching $5.50. The company’s stock had a trading volume of 96,421,033 shares, compared to its average volume of 38,318,934. Transocean has a 1 year low of $1.97 and a 1 year high of $5.55. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.60. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -1.68 and a beta of 1.45. The business has a fifty day moving average of $4.40 and a 200 day moving average of $3.75.

Insider Transactions at Transocean

In other news, CEO Keelan Adamson sold 58,687 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $5.00, for a total value of $293,435.00. Following the transaction, the chief executive officer directly owned 1,222,182 shares of the company’s stock, valued at $6,110,910. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Perestroika acquired 1,500,000 shares of Transocean stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $4.02 per share, for a total transaction of $6,030,000.00. Following the purchase, the director owned 96,574,894 shares of the company’s stock, valued at approximately $388,231,073.88. This represents a 1.58% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 712,970 shares of company stock valued at $3,152,132. 12.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dalal Street LLC bought a new stake in Transocean in the third quarter valued at approximately $76,260,000. Ghisallo Capital Management LLC bought a new stake in Transocean during the 3rd quarter worth about $57,720,000. Vanguard Group Inc. raised its holdings in Transocean by 19.3% during the third quarter. Vanguard Group Inc. now owns 94,519,248 shares of the offshore drilling services provider’s stock worth $294,900,000 after acquiring an additional 15,315,289 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of Transocean in the 3rd quarter valued at approximately $30,262,000. Finally, Ninepoint Partners LP acquired a new stake in Transocean in the third quarter valued at $18,720,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean News Roundup

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean agreed to acquire Valaris in an all‑stock deal that would leave Transocean shareholders with ~53% of the combined company, create a 73‑rig high‑spec fleet, and identify more than $200M of transaction synergies — the main catalyst pushing RIG higher. Transocean to acquire Valaris in $5.8B all-stock deal
• Positive Sentiment: Company press materials and a joint conference call (8 a.m. CT / 9 a.m. ET) outline projected benefits: improved cash flow, faster deleveraging (target ~1.5x leverage within 24 months), expanded market access and an estimated pro‑forma market cap — supporting a re‑rating narrative for the name. Transocean to Acquire Valaris
• Neutral Sentiment: Market reaction: Valaris shares jumped (reportedly ~21%) on the deal announcement — a sign of investor approval for the terms, but RIG’s move depends on closing risk and integration execution. Transocean To Buy Valaris For $5.8 Bln Stock; Valaris Shares Climb
• Neutral Sentiment: Coverage and analysis pieces signal potential upside but vary in conviction (examples: valuation work suggesting RIG may be undervalued and outside analyst commentary); these help frame investor debate but don’t change deal fundamentals. An Intrinsic Calculation For Transocean Ltd. (NYSE:RIG) Suggests It’s 23% Undervalued
• Negative Sentiment: Halper Sadeh LLC is investigating whether Transocean shareholders are receiving a fair deal, which could lead to litigation or shareholder pressure that delays or alters the transaction — a direct near‑term headwind for the share price. RIG Stock Alert: Halper Sadeh LLC is Investigating Whether Transocean Ltd. is Obtaining a Fair Deal for its Shareholders
• Negative Sentiment: Completion risks — regulatory approvals, shareholder votes, integration execution and potential contract/customer disruptions — remain material; failure to realize synergies or delays could reverse initial gains. (See deal release for the companies’ cautionary statements.) Transocean Ltd. and Valaris Limited Announce Definitive Agreement for $5.8 Billion Merger to Form Premier Offshore Drilling Company

About Transocean

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.