Transocean FY2026 Earnings Forecast Raised by Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research increased their FY2026 earnings per share estimates for Transocean in a research note issued to investors on Friday, October 23rd. Zacks Research analyst Team now forecasts that the offshore drilling services provider will earn $0.09 per share for the year, up from their prior estimate of $0.08. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Transocean’s current full-year earnings is $0.18 per share. Zacks Research also issued estimates for Transocean’s Q4 2026 earnings at $0.06 EPS, Q1 2027 earnings at $0.04 EPS, Q2 2027 earnings at $0.06 EPS, FY2027 earnings at $0.25 EPS, Q2 2028 earnings at $0.04 EPS, Q3 2028 earnings at $0.04 EPS and FY2028 earnings at $0.09 EPS.

A number of other research firms have also issued reports on RIG. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research report on Thursday, October 15th. Fearnley Fonds raised shares of Transocean from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Barclays cut their price objective on shares of Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, Susquehanna reduced their target price on shares of Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Transocean has an average rating of “Hold” and an average target price of $6.68.

Transocean Price Performance

Shares of NYSE RIG opened at $6.54 on Monday. Transocean has a 52 week low of $3.68 and a 52 week high of $7.66. The business’s 50 day moving average price is $5.69 and its 200 day moving average price is $5.78. The company has a quick ratio of 1.27, a current ratio of 1.59 and a debt-to-equity ratio of 0.56. The firm has a market cap of $7.31 billion, a P/E ratio of -3.48, a P/E/G ratio of 4.69 and a beta of 1.41.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Wednesday, August 5th. The offshore drilling services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Transocean had a positive return on equity of 2.60% and a negative net margin of 40.24%. The firm had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $956.64 million. During the same period last year, the business posted ($1.06) earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Institutional Trading of Transocean

A number of hedge funds have recently modified their holdings of the stock. Hartford Financial Management Inc. purchased a new position in Transocean during the third quarter valued at approximately $31,000. Ascentis Independent Advisors acquired a new position in Transocean in the first quarter valued at approximately $43,000. EverSource Wealth Advisors LLC boosted 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 worth $43,000 after purchasing an additional 1,391 shares in the last quarter. Root Financial Partners LLC boosted its position in Transocean by 192.6% in the 1st quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider’s stock worth $52,000 after purchasing an additional 5,126 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of Transocean during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Company Profile

Transocean Ltd. is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company specializes in ultra-deepwater and harsh-environment drilling, helping customers explore for and develop offshore energy resources.

Transocean owns and operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs. Its services generally include contract drilling, rig operations, well-construction support, and related offshore drilling management.

With roots tracing back to the 1920s, Transocean serves customers in major offshore energy regions around the world.