Q1 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for Transocean in a report issued on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings of ($0.11) per share for the quarter, down from their prior forecast of ($0.04). The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s FY2025 earnings at ($0.01) EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.17 EPS.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%.

RIG has been the subject of several other reports. SEB Equity Research set a $2.80 target price on Transocean in a report on Wednesday, March 5th. Citigroup cut their price objective on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, January 15th. Barclays dropped their price target on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley reduced their price target on shares of Transocean from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Transocean presently has an average rating of “Hold” and a consensus price target of $5.03.

Transocean Stock Performance

RIG opened at $2.15 on Monday. Transocean has a twelve month low of $2.11 and a twelve month high of $6.88. The firm has a market capitalization of $1.89 billion, a PE ratio of -2.94, a PEG ratio of 0.86 and a beta of 2.72. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $3.30 and its 200 day moving average price is $3.85.

Insider Activity

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $4.05, for a total value of $89,100.00. Following the sale, the executive vice president now directly owns 229,596 shares in the company, valued at $929,863.80. This represents a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.54% of the company’s stock.

Hedge Funds Weigh In On Transocean

A number of institutional investors have recently modified their holdings of RIG. Vanguard Group Inc. grew its holdings in Transocean by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider’s stock valued at $295,544,000 after purchasing an additional 931,684 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Transocean by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,008,596 shares of the offshore drilling services provider’s stock valued at $150,029,000 after buying an additional 809,864 shares during the period. State Street Corp grew its stake in shares of Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after buying an additional 1,944,723 shares during the period. American Century Companies Inc. increased its holdings in shares of Transocean by 51.5% during the 4th quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider’s stock worth $72,215,000 after buying an additional 6,542,271 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Transocean by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock worth $73,307,000 after buying an additional 680,242 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.