Transocean (RIG) Projected to Post Earnings on Monday

Transocean (NYSE:RIG) is anticipated to announce its Q2 2025 earnings results after the market closes on Monday, August 4th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $972.37 million for the quarter.

Transocean Stock Performance

Shares of RIG opened at $2.81 on Friday. The stock has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $2.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.33. The stock has a market capitalization of $2.48 billion, a PE ratio of -2.96, a PEG ratio of 5.62 and a beta of 2.52. Transocean has a 1 year low of $1.97 and a 1 year high of $5.32.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $2.78, for a total transaction of $61,160.00. Following the transaction, the executive vice president owned 340,841 shares of the company’s stock, valued at $947,537.98. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Transocean by 88.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock valued at $38,521,000 after purchasing an additional 5,719,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transocean by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 434,031 shares of the offshore drilling services provider’s stock worth $1,376,000 after acquiring an additional 18,957 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in Transocean by 12.1% during the first quarter. Integrated Wealth Concepts LLC now owns 69,637 shares of the offshore drilling services provider’s stock worth $221,000 after acquiring an additional 7,520 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RIG shares. Susquehanna decreased their price objective on Transocean from $5.00 to $4.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price objective on Transocean from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Friday, May 16th. Wall Street Zen upgraded Transocean from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Barclays cut their target price on Transocean from $4.00 to $3.50 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, BTIG Research set a $5.00 target price on Transocean and gave the stock a “buy” rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Transocean has an average rating of “Hold” and an average target price of $4.58.

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.