Q1 Earnings Forecast for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Investment analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for shares of Transocean in a research note issued on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their previous estimate 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 Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.05 EPS, FY2027 earnings at $0.21 EPS and FY2027 earnings at $0.21 EPS.

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

Several other analysts have also recently weighed in on the company. Morgan Stanley cut their price objective on Transocean from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. SEB Equity Research set a $2.80 price target on Transocean in a research report on Wednesday, March 5th. TD Cowen reduced their price target on Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Friday, December 6th. Finally, Citigroup reduced their target price on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Transocean currently has a consensus rating of “Hold” and an average price target of $5.03.

Transocean Trading Down 21.1 %

Shares of RIG opened at $2.15 on Friday. Transocean has a 1-year low of $2.11 and a 1-year high of $6.88. 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 $3.86. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -2.94, a PEG ratio of 0.86 and a beta of 2.72.

Insider Activity

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s 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 transaction, the executive vice president now owns 229,596 shares in the company, valued at approximately $929,863.80. This represents a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.54% of the company’s stock.

Hedge Funds Weigh In On Transocean

A number of hedge funds have recently added to or reduced their stakes in RIG. Vanguard Group Inc. boosted its stake in Transocean by 1.2% during the 4th 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 last quarter. Dimensional Fund Advisors LP boosted its position in shares of Transocean by 2.1% during the fourth 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 last quarter. State Street Corp increased its holdings in Transocean by 11.0% in the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock worth $83,275,000 after buying an additional 1,944,723 shares in the last quarter. American Century Companies Inc. raised its position in Transocean by 51.5% in 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 lifted its stake in Transocean by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock valued at $73,307,000 after acquiring an additional 680,242 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

About Transocean

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.