Transocean (NYSE:RIG) Reaches New 1-Year High After Analyst Upgrade

Transocean Ltd. (NYSE:RIG)’s share price hit a new 52-week high during trading on Tuesday after BTIG Research raised their price target on the stock from $6.00 to $10.00. BTIG Research currently has a buy rating on the stock. Transocean traded as high as $5.77 and last traded at $5.70, with a volume of 183174729 shares changing hands. The stock had previously closed at $5.39.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Thursday, January 22nd. Barclays raised their price target on shares of Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Susquehanna upped their price objective on shares of Transocean from $4.50 to $5.00 and gave the stock a “positive” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Transocean in a research report on Wednesday, December 10th. Finally, Citigroup increased 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. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Transocean has an average rating of “Hold” and an average target price of $5.22.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 35,000 shares of the business’s stock in a transaction on 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 directly owned 212,072 shares in the company, valued at $950,082.56. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Perestroika purchased 1,500,000 shares of the company’s stock in a transaction dated 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 directly owned 96,574,894 shares in the company, valued at approximately $388,231,073.88. The trade was a 1.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 712,970 shares of company stock worth $3,152,132 in the last three months. Insiders own 12.54% of the company’s stock.

Trending Headlines about Transocean

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RIG. Trek Financial LLC bought a new position in shares of Transocean during the 3rd quarter valued at $5,162,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Transocean in the third quarter worth $1,708,000. Quantbot Technologies LP boosted its position in Transocean by 382.4% during the second 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 during the period. 180 Wealth Advisors LLC increased its holdings in shares of Transocean by 69.3% in the second 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 lifted its stake in shares of 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 acquiring an additional 506,624 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Transocean Price Performance

The firm has a fifty day moving average of $4.42 and a two-hundred day moving average of $3.77. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $6.28 billion, a PE ratio of -1.74 and a beta of 1.45.

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.