97,272 Shares of Transocean Ltd. $RIG Bought by State of Wyoming

State of Wyoming bought a new stake in Transocean Ltd. (NYSE:RIG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 97,272 shares of the offshore drilling services provider’s stock, valued at approximately $510,000.

A number of other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Transocean by 27.0% during the first 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 in the last quarter. Versant Capital Management Inc lifted its position in Transocean by 15.6% in the 3rd quarter. Versant Capital Management Inc now owns 15,550 shares of the offshore drilling services provider’s stock worth $81,000 after buying an additional 2,099 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Transocean by 19.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 4,043 shares in the last quarter. Private Advisor Group LLC lifted its position in Transocean by 16.4% in the 1st quarter. Private Advisor Group LLC now owns 31,876 shares of the offshore drilling services provider’s stock worth $211,000 after buying an additional 4,500 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of Transocean by 192.6% during the 1st quarter. Root Financial Partners LLC now owns 7,787 shares of the offshore drilling services provider’s stock valued at $52,000 after buying an additional 5,126 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Transocean

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Transocean’s fleet update included new contracts for the Deepwater Conqueror: a two-well contract in Equatorial Guinea and a five-well contract in the U.S. Gulf. These awards improve potential backlog and future rig utilization. Transocean Ltd. Provides Quarterly Fleet Status Report
• Positive Sentiment: The company’s earnings release highlighted a return to profitability on a reported basis, a significant improvement from the prior-year period. Management is scheduled to discuss the results on its November 3 conference call. Transocean Ltd. Reports Third Quarter 2026 Results
• Neutral Sentiment: Third-quarter contract drilling revenue was $937 million. The fleet report provides updated activity and contract information, but several customer and contract-value details were undisclosed, limiting visibility into the immediate financial impact. Transocean Ltd. Provides Quarterly Fleet Status Report
• Negative Sentiment: Revenue fell 8.9% year over year and came in below analyst expectations of roughly $944 million to $956 million, signaling softer operating performance than anticipated. Transocean Reports Sales Below Analyst Estimates
• Negative Sentiment: Adjusted earnings were approximately break-even, missing consensus estimates ranging from $0.02 to $0.03 per share. The earnings shortfall, combined with declining revenue, is the main reason investors reacted negatively despite the reported profit headline. Transocean Reports Break-Even Earnings for Q3

Analysts Set New Price Targets

Several brokerages recently issued reports on RIG. Fearnley Fonds upgraded Transocean from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Thursday, October 15th. Zacks Research raised Transocean from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Susquehanna cut their price target on Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Finally, Barclays reduced their price target on Transocean from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Transocean presently has an average rating of “Hold” and an average target price of $6.68.

Transocean Stock Down 10.4%

Shares of RIG opened at $6.21 on Tuesday. The company has a 50-day simple moving average of $5.76 and a 200-day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 1.59. Transocean Ltd. has a 52 week low of $3.68 and a 52 week high of $7.66. The firm has a market capitalization of $6.94 billion, a P/E ratio of -3.31, a P/E/G ratio of 4.91 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 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 company had revenue of $966.00 million for the quarter, compared to analyst estimates of $956.64 million. During the same quarter last year, the firm earned ($1.06) EPS. Transocean’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Transocean Ltd. will post 0.18 earnings per share for the current year.

About Transocean

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.