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

Transocean Ltd. (NYSE:RIG) – Investment analysts at Zacks Research lowered their Q1 2026 earnings estimates for 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 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.

Several other research firms have also recently weighed in on RIG. Evercore ISI cut shares of 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 note on Wednesday, January 15th. Citigroup lowered their price objective on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley reduced their price target on Transocean from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Friday, December 6th. Finally, SEB Equity Research set a $2.80 target price on Transocean in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.03.

Transocean Stock Down 21.1 %

RIG stock opened at $2.15 on Friday. Transocean has a twelve month low of $2.11 and a twelve month high of $6.88. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -2.94, a P/E/G ratio of 0.86 and a beta of 2.72. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $3.86.

Transocean (NYSE:RIG) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $962.28 million.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total value of $89,100.00. Following the completion of the transaction, the executive vice president now directly owns 229,596 shares in the company, valued at approximately $929,863.80. This represents a 8.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.54% of the company’s stock.

Institutional Trading of Transocean

A number of hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. raised its stake in shares of Transocean by 53.6% during the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider’s stock worth $32,000 after acquiring an additional 2,933 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Transocean by 19.4% during the fourth quarter. Ballentine Partners LLC now owns 18,247 shares of the offshore drilling services provider’s stock valued at $68,000 after buying an additional 2,963 shares during the last quarter. Van Den Berg Management I Inc. increased its holdings in shares of Transocean by 11.9% in the fourth quarter. Van Den Berg Management I Inc. now owns 28,155 shares of the offshore drilling services provider’s stock worth $106,000 after buying an additional 3,000 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Transocean by 25.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider’s stock valued at $57,000 after acquiring an additional 3,127 shares during the last quarter. Finally, Nomura Holdings Inc. grew its position in Transocean by 11.6% during the 4th quarter. Nomura Holdings Inc. now owns 32,651 shares of the offshore drilling services provider’s stock worth $122,000 after acquiring an additional 3,390 shares during the last quarter. 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.