Q2 EPS Estimates for Transocean Lowered by Zacks Research

Transocean Ltd. (NYSE:RIG) – Stock analysts at Zacks Research cut their Q2 2027 earnings per share estimates for shares of Transocean in a research report issued to clients and investors on Thursday, February 5th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share.

Several other equities analysts have also recently commented on RIG. Morgan Stanley set a $4.50 target price on shares of Transocean in a research note on Monday, December 15th. Barclays raised their price objective on shares of Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Transocean in a research report on Wednesday, December 10th. Citigroup lifted their price target on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Finally, BTIG Research boosted their price objective on Transocean from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.55.

Transocean Price Performance

Shares of NYSE RIG opened at $5.38 on Monday. The stock has a market cap of $5.93 billion, a P/E ratio of -1.64 and a beta of 1.45. The firm’s 50-day simple moving average is $4.40 and its 200 day simple moving average is $3.75. Transocean has a fifty-two week low of $1.97 and a fifty-two week high of $5.40. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling at Transocean

In related news, insider Jeremy D. Thigpen sold 500,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $4.32, for a total value of $2,160,000.00. Following the completion of the transaction, the insider owned 2,136,223 shares in the company, valued at $9,228,483.36. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roderick James Mackenzie sold 35,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $4.48, for a total value of $156,800.00. Following the sale, the executive vice president owned 212,072 shares in the company, valued at approximately $950,082.56. The trade was a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 712,970 shares of company stock worth $3,152,132. 12.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Transocean

Large investors have recently made changes to their positions in the company. Evoke Wealth LLC acquired a new position in Transocean in the 4th quarter worth approximately $42,000. Keudell Morrison Wealth Management purchased a new stake in shares of Transocean in the fourth quarter valued at $41,000. Leonteq Securities AG acquired a new stake in shares of Transocean in the fourth quarter worth $52,000. Investment House LLC purchased a new position in shares of Transocean during the fourth quarter valued at $413,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Transocean during the fourth quarter valued at $2,338,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

About Transocean

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.