Q1 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Stock analysts at Zacks Research increased their Q1 2028 earnings per share estimates for Transocean in a research report issued on Wednesday, June 3rd. Zacks Research analyst Team now anticipates that the offshore drilling services provider will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.02). The consensus estimate for Transocean’s current full-year earnings is $0.19 per share. Zacks Research also issued estimates for Transocean’s FY2028 earnings at $0.01 EPS.

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

Several other research analysts have also issued reports on RIG. BTIG Research increased their price objective on Transocean from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. TD Cowen increased their price objective on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Fearnley Fonds lowered Transocean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Tuesday, April 21st. Finally, Susquehanna lifted their price target on Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Transocean presently has a consensus rating of “Hold” and a consensus price target of $6.96.

Transocean Stock Performance

Transocean stock opened at $6.26 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.54 and a quick ratio of 1.20. The stock has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $5.55. Transocean has a 52-week low of $2.51 and a 52-week high of $7.66. The firm has a market capitalization of $6.98 billion, a P/E ratio of -2.10 and a beta of 1.28.

Institutional Trading of Transocean

Several hedge funds have recently modified their holdings of RIG. Dalal Street LLC bought a new stake in shares of Transocean during the third quarter valued at approximately $76,260,000. Ghisallo Capital Management LLC bought a new stake in shares of Transocean during the third quarter valued at approximately $57,720,000. Elliott Investment Management L.P. acquired a new stake in Transocean in the first quarter worth about $103,606,000. Vanguard Group Inc. increased its position in Transocean by 19.3% in 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 purchasing an additional 15,315,289 shares during the period. Finally, Zimmer Partners LP acquired a new stake in Transocean in the third quarter worth about $30,262,000. 67.73% of the stock is owned by institutional investors.

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.