Q4 Earnings Estimate for Transocean Issued By Zacks Research

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for shares of Transocean in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst N. Choudhury now expects that the offshore drilling services provider will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.02. The consensus estimate for Transocean’s current full-year earnings is ($0.16) per share. Zacks Research also issued estimates for Transocean’s Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.03 EPS and Q3 2026 earnings at $0.06 EPS.

Other analysts also recently issued reports about the stock. Barclays dropped their price target on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Benchmark lowered Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Citigroup downgraded Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. DNB Markets upgraded Transocean from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Susquehanna decreased their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.63.

Transocean Stock Performance

Shares of RIG opened at $4.47 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of -5.95 and a beta of 2.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. The company’s 50 day moving average price is $4.34 and its 200 day moving average price is $4.95. Transocean has a 52 week low of $3.85 and a 52 week high of $6.88.

Insiders Place Their Bets

In related news, Director Perestroika bought 1,500,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $4.13 per share, for a total transaction of $6,195,000.00. Following the transaction, the director now owns 91,074,894 shares of the company’s stock, valued at $376,139,312.22. This represents a 1.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roderick James Mackenzie sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total value of $85,800.00. Following the completion of the sale, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at approximately $1,333,576.53. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.16% of the company’s stock.

Hedge Funds Weigh In On Transocean

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock worth $25,000 after buying an additional 2,693 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Transocean in the second quarter worth $30,000. Orion Portfolio Solutions LLC bought a new stake in shares of Transocean in the third quarter worth $46,000. SG Americas Securities LLC acquired a new position in Transocean during the second quarter worth $64,000. Finally, Atria Investments Inc acquired a new stake in Transocean in the 3rd quarter valued at $51,000. Institutional investors 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.