Transocean FY2026 EPS Forecast Lowered by Zacks Research

Transocean Ltd. (NYSE:RIG) – Analysts at Zacks Research lowered their FY2026 earnings per share estimates for shares of Transocean in a research report issued to clients and investors on Thursday, March 12th. Zacks Research analyst Team now forecasts that the offshore drilling services provider will post earnings per share of $0.12 for the year, down from their previous estimate of $0.13. The consensus estimate for Transocean’s current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean’s Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.01 EPS, Q4 2027 earnings at $0.01 EPS, FY2027 earnings at $0.07 EPS and FY2028 earnings at ($0.05) EPS.

Transocean (NYSE:RIG) last posted its earnings results on Thursday, February 19th. The offshore drilling services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). Transocean had a positive return on equity of 0.41% and a negative net margin of 73.52%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue was up 9.6% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Barclays cut Transocean from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $4.50 to $6.00 in a report on Wednesday, February 18th. Susquehanna lifted their price target on shares of Transocean from $6.50 to $7.50 and gave the company a “positive” rating in a research note on Monday, February 23rd. Citigroup lifted their price target on shares of Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Fearnley Fonds downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, BTIG Research raised their price objective on shares of Transocean from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $6.38.

Transocean Trading Up 1.4%

NYSE RIG opened at $6.37 on Friday. The firm has a market cap of $7.02 billion, a P/E ratio of -2.02 and a beta of 1.40. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.56 and a quick ratio of 1.27. The stock’s 50-day moving average is $5.43 and its 200-day moving average is $4.31. Transocean has a one year low of $1.97 and a one year high of $6.96.

Insider Activity at Transocean

In related news, CEO Keelan Adamson sold 58,687 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $5.00, for a total transaction of $293,435.00. Following the completion of the transaction, the chief executive officer owned 1,222,182 shares in the company, valued at approximately $6,110,910. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Roderick James Mackenzie sold 78,370 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total transaction of $498,433.20. Following the completion of the transaction, the executive vice president directly owned 268,025 shares of the company’s stock, valued at approximately $1,704,639. This trade represents a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,903 shares of company stock valued at $906,098 over the last ninety days. Company insiders own 12.27% of the company’s stock.

Hedge Funds Weigh In On Transocean

Several hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its position in shares of Transocean by 22,432.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock valued at $26,000 after acquiring an additional 6,281 shares during the last quarter. Josh Arnold Investment Consultant LLC acquired a new position in Transocean during the second quarter valued at approximately $26,000. Blueshift Asset Management LLC bought a new position in Transocean in the second quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new position in Transocean in the fourth quarter valued at approximately $27,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Transocean by 78.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,729 shares of the offshore drilling services provider’s stock worth $28,000 after purchasing an additional 4,700 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Transocean Company Profile

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.