Q4 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research reduced their Q4 2026 earnings per share estimates for Transocean in a report issued on Monday, June 29th. Zacks Research analyst Team now expects that the offshore drilling services provider will earn $0.07 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Transocean’s current full-year earnings is $0.16 per share. Zacks Research also issued estimates for Transocean’s Q2 2027 earnings at $0.03 EPS and FY2028 earnings at $0.02 EPS.

A number of other research analysts also recently commented on RIG. Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $6.00 to $8.00 in a research report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Clarkson Capital downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research report on Tuesday, April 21st. Finally, TD Cowen boosted their target price on Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.96.

Transocean Stock Down 2.7%

Shares of NYSE:RIG opened at $4.91 on Wednesday. The firm has a 50 day simple moving average of $6.17 and a 200-day simple moving average of $5.71. Transocean has a twelve month low of $2.51 and a twelve month high of $7.66. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $5.48 billion, a PE ratio of -1.65 and a beta of 1.28.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10). Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis.

Hedge Funds Weigh In On Transocean

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Transocean by 27.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the offshore drilling services provider’s stock valued at $43,000 after purchasing an additional 1,391 shares during the last quarter. Fruth Investment Management grew its position in Transocean by 2.8% during the 4th quarter. Fruth Investment Management now owns 90,378 shares of the offshore drilling services provider’s stock worth $373,000 after purchasing an additional 2,500 shares during the last quarter. Annandale Capital LLC increased its stake in Transocean by 17.7% in the fourth quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider’s stock valued at $69,000 after purchasing an additional 2,500 shares during the period. Townsend & Associates Inc increased its stake in Transocean by 16.0% in the fourth quarter. Townsend & Associates Inc now owns 29,000 shares of the offshore drilling services provider’s stock valued at $126,000 after purchasing an additional 4,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Transocean by 20.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 24,175 shares of the offshore drilling services provider’s stock valued at $75,000 after buying an additional 4,026 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean secured a more than $1 billion contract backlog deal with Equinor for three rigs, boosting future revenue visibility and highlighting strong demand for its offshore drilling assets. Article Title
• Positive Sentiment: Zacks Research raised earnings forecasts for several future periods, signaling expectations for better profitability ahead. Article Title
• Neutral Sentiment: Some analyst estimates for FY2026 were lowered, showing that the near-term earnings picture remains uneven despite stronger longer-term forecasts. Article Title

Transocean Company Profile

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.