Q1 EPS Estimates for Transocean Decreased by Zacks Research

Transocean Ltd. (NYSE:RIG) – Equities research analysts at Zacks Research decreased their Q1 2025 EPS estimates for Transocean in a research note issued on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now expects 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.

Other equities research analysts have also issued reports about the company. Morgan Stanley lowered their price target on Transocean from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Citigroup lowered their target price on shares of Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays cut their price target on shares of Transocean from $4.00 to $3.50 and set an “overweight” rating on the stock in a report on Monday. SEB Equity Research set a $2.80 price objective on shares of Transocean in a research note on Wednesday, March 5th. Finally, Evercore ISI downgraded Transocean from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.98.

Transocean Stock Down 7.8 %

RIG stock opened at $2.19 on Monday. Transocean has a twelve month low of $1.97 and a twelve month high of $6.65. 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 stock’s 50 day moving average is $3.20 and its 200-day moving average is $3.80. The firm has a market capitalization of $1.93 billion, a PE ratio of -2.99, a P/E/G ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG) last posted its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share 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 return on equity of 0.52% and a negative net margin of 14.53%.

Insider Activity at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total value of $84,700.00. Following the sale, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. The trade was a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Transocean

Several large investors have recently modified their holdings of RIG. Vanguard Group Inc. boosted its holdings in Transocean by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider’s stock worth $295,544,000 after buying an additional 931,684 shares during the period. Dimensional Fund Advisors LP boosted 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 worth $150,029,000 after acquiring an additional 809,864 shares during the period. State Street Corp grew its position in shares of Transocean by 11.0% in the third quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after purchasing an additional 1,944,723 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 valued at $72,215,000 after purchasing 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 purchasing an additional 680,242 shares in the last quarter. Hedge funds and other 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.