Zacks Research Forecasts Transocean’s Q1 Earnings (NYSE:RIG)

Transocean Ltd. (NYSE:RIG) – Research analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Transocean in a research report 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 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 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.

A number of other equities research analysts have also issued reports on RIG. Citigroup dropped their price target on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. TD Cowen dropped their target price on Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a report on Wednesday, January 8th. SEB Equity Research set a $2.80 target price on Transocean in a research note on Wednesday, March 5th. Barclays lowered their price target on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, Evercore ISI cut shares of Transocean from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Transocean has a consensus rating of “Hold” and a consensus target price of $5.03.

Transocean Stock Down 21.1 %

Shares of NYSE RIG opened at $2.15 on Friday. 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 company has a 50-day moving average of $3.30 and a 200 day moving average of $3.85. Transocean has a 12-month low of $2.11 and a 12-month high of $6.88. The stock has a market cap of $1.89 billion, a PE ratio of -2.94, a P/E/G ratio of 0.86 and a beta of 2.72.

Transocean (NYSE:RIG) last issued its 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). The business had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%.

Insiders Place Their Bets

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Transocean

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Transocean by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider’s stock worth $295,544,000 after purchasing an additional 931,684 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Transocean by 2.1% in 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 purchasing an additional 809,864 shares in the last quarter. State Street Corp increased its stake in 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 worth $83,275,000 after buying an additional 1,944,723 shares during the period. American Century Companies Inc. increased its stake in 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 period. Finally, Geode Capital Management LLC lifted its holdings 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 worth $73,307,000 after buying an additional 680,242 shares in the last quarter. Institutional investors and hedge funds own 67.73% 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.