Q1 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research cut their Q1 2025 earnings per share estimates for shares of Transocean in a note issued to investors on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now anticipates that the offshore drilling services provider will post earnings per share of ($0.11) for the quarter, down from their prior 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 FY2025 earnings at ($0.01) EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.17 EPS.

A number of other research analysts have also recently weighed in on RIG. TD Cowen cut their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a report on Wednesday, January 8th. Citigroup cut 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. Morgan Stanley lowered their price target 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 objective on Transocean in a research report on Wednesday, March 5th. Finally, Evercore ISI lowered Transocean from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Transocean currently has a consensus rating of “Hold” and an average target price of $4.98.

Transocean Price Performance

NYSE:RIG opened at $2.33 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company has a 50 day moving average price of $3.27 and a 200-day moving average price of $3.83. Transocean has a 1-year low of $1.97 and a 1-year high of $6.88. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -3.18, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29.

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

Institutional Trading of Transocean

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC boosted its position in shares of Transocean by 20.4% during the 3rd quarter. Cerity Partners LLC now owns 99,114 shares of the offshore drilling services provider’s stock valued at $421,000 after acquiring an additional 16,812 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Transocean by 209.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 173,494 shares of the offshore drilling services provider’s stock valued at $737,000 after buying an additional 117,459 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Transocean during the 3rd quarter worth approximately $68,000. Quadrature Capital Ltd purchased a new stake in shares of Transocean during the 3rd quarter valued at approximately $889,000. Finally, Stifel Financial Corp lifted its holdings in Transocean by 3.8% in the third quarter. Stifel Financial Corp now owns 152,149 shares of the offshore drilling services provider’s stock valued at $647,000 after acquiring an additional 5,636 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares of the company’s stock, valued at approximately $1,205,327.20. This trade represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.16% of the company’s stock.

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.