Q2 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for Transocean in a research report issued to clients and investors on Monday, June 9th. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings per share of ($0.02) for the quarter, down from their previous forecast of $0.01. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q3 2026 earnings at $0.07 EPS, FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.16 EPS.

Transocean (NYSE:RIG) last released its quarterly earnings data on Monday, April 28th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The company had revenue of $906.00 million for the quarter, compared to analyst estimates of $884.92 million. During the same period last year, the company posted ($0.03) earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year.

RIG has been the subject of a number of other reports. Citigroup decreased their price target on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Susquehanna dropped their price target on Transocean from $5.00 to $4.00 and set a “positive” rating on the stock in a report on Monday, April 14th. SEB Equity Research set a $2.80 price objective on Transocean in a research report on Wednesday, March 5th. Barclays cut their price objective on Transocean from $4.00 to $3.50 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley cut their price objective on Transocean from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.58.

Transocean Stock Up 3.7%

Shares of NYSE RIG opened at $3.20 on Thursday. Transocean has a 1 year low of $1.97 and a 1 year high of $5.98. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.86 and a beta of 2.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. The stock’s 50-day simple moving average is $2.46 and its 200-day simple moving average is $3.21.

Insider Buying and Selling

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the completion of the sale, the executive vice president now owns 340,841 shares in the company, valued at $947,537.98. The trade was a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Transocean

A number of hedge funds and other institutional investors have recently made changes to their positions in RIG. Twin Tree Management LP acquired a new position in Transocean during the fourth quarter valued at approximately $27,000. Parallel Advisors LLC raised its position in Transocean by 154.8% during the first quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider’s stock valued at $28,000 after purchasing an additional 5,353 shares in the last quarter. Optiver Holding B.V. raised its position in Transocean by 53.6% during the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider’s stock valued at $32,000 after purchasing an additional 2,933 shares in the last quarter. Townsend & Associates Inc acquired a new position in Transocean during the first quarter valued at approximately $32,000. Finally, Costello Asset Management INC acquired a new position in Transocean during the first quarter valued at approximately $32,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.