BTIG Research Issues Positive Forecast for Transocean (NYSE:RIG) Stock Price

Transocean (NYSE:RIG) had its price target increased by BTIG Research from $6.00 to $10.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the offshore drilling services provider’s stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Transocean in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research note on Thursday, January 22nd. Barclays raised their price objective on Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Citigroup upped their target price on Transocean from $4.25 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Finally, Morgan Stanley set a $4.50 price target on shares of Transocean in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.22.

Transocean Price Performance

Shares of RIG opened at $5.70 on Monday. The business has a 50-day moving average of $4.42 and a 200-day moving average of $3.77. Transocean has a 1 year low of $1.97 and a 1 year high of $5.77. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of -1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.91.

Insider Activity

In other Transocean news, insider Jeremy D. Thigpen sold 500,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $4.32, for a total value of $2,160,000.00. Following the completion of the sale, the insider directly owned 2,136,223 shares of the company’s stock, valued at approximately $9,228,483.36. This represents a 18.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederik Wilhelm Mohn bought 1,500,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $4.02 per share, for a total transaction of $6,030,000.00. Following the transaction, the director owned 96,574,894 shares in the company, valued at approximately $388,231,073.88. This represents a 1.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 712,970 shares of company stock worth $3,152,132. Company 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 RIG. Trek Financial LLC bought a new position in Transocean during the third quarter worth about $5,162,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Transocean in the third quarter valued at approximately $1,708,000. Quantbot Technologies LP lifted its stake in shares of Transocean by 382.4% during the 2nd quarter. Quantbot Technologies LP now owns 1,046,818 shares of the offshore drilling services provider’s stock valued at $2,711,000 after buying an additional 829,802 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Transocean by 69.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 276,851 shares of the offshore drilling services provider’s stock worth $717,000 after buying an additional 113,320 shares during the period. Finally, Creative Planning grew its stake in Transocean by 89.6% in the 2nd quarter. Creative Planning now owns 1,072,043 shares of the offshore drilling services provider’s stock valued at $2,777,000 after buying an additional 506,624 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Transocean News Roundup

Here are the key news stories impacting Transocean this week:

• Positive Sentiment: Deal creates a much larger, higher‑spec offshore fleet (73 rigs) and a pro‑forma backlog of about $10B, with management citing >$200M in identified transaction synergies and targets to accelerate deleveraging and cash flow improvement. Transocean to Acquire Valaris
• Positive Sentiment: Market coverage highlights a sharp positive market reaction to the merger announcement and the strategic rationale (scale, premium fleet, improved market position), which appears to be driving today’s trading volume and share strength. Stock Market Today, Feb. 9: Transocean Shares Surge After Announcing $5.8 Billion Valaris Acquisition
• Positive Sentiment: Analyst sentiment is turning more bullish: BTIG raised its price target to $10 and set a “buy” rating, implying meaningful upside vs. recent levels. That upgrade supports the positive momentum. Benzinga
• Neutral Sentiment: Company and market participants are hosting a conference call/webcast to discuss deal details and timelines; investors should listen for clarity on synergy timing, integration plans and the path to the announced leverage targets. Quiver Quantitative summary
• Neutral Sentiment: Independent valuation/forecast pieces (intrinsic value and earnings outlooks) are circulating; some suggest upside but these are model‑dependent and hinge on successful synergy capture and market conditions. Intrinsic Calculation For Transocean
• Negative Sentiment: An investor‑rights firm has launched an investigation into whether Transocean shareholders are receiving a fair deal, signaling potential shareholder litigation or challenges that could delay or complicate closing. Halper Sadeh LLC investigation
• Negative Sentiment: Deal risks remain: it’s all‑stock (Transocean shareholders ~53% pro‑forma), subject to regulatory and shareholder approvals, integration execution risk, and possible customer/contract disruption — any of which could weigh on the stock if concerns emerge. WSJ: Transocean to Acquire Valaris

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.