Transocean Ltd. (RIG)

NYSE: RIG · Real-Time Price · USD
6.40
+0.23 (3.73%)
At close: May 8, 2026, 4:00 PM EDT
6.41
+0.01 (0.15%)
After-hours: May 8, 2026, 7:59 PM EDT
Market Cap7.15B +256.4%
Revenue (ttm)4.14B +12.9%
Net Income-2.77B
EPS-2.72
Shares Out 1.12B
PE Ration/a
Forward PE36.93
Dividendn/a
Ex-Dividend Daten/a
Volume31,209,294
Open6.26
Previous Close6.17
Day's Range6.17 - 6.50
52-Week Range2.34 - 7.14
Beta1.34
AnalystsBuy
Price Target7.25 (+13.28%)
Earnings DateMay 4, 2026

About RIG

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent en... [Read more]

Sector Energy
IPO Date May 27, 1993
Employees 5,220
Stock Exchange NYSE
Ticker Symbol RIG
Full Company Profile

Financial Performance

In 2025, Transocean's revenue was $3.97 billion, an increase of 12.51% compared to the previous year's $3.52 billion. Losses were -$2.92 billion, 469.3% more than in 2024.

Financial Statements

Analyst Summary

According to 7 analysts, the average rating for RIG stock is "Buy." The 12-month stock price target is $7.25, which is an increase of 13.28% from the latest price.

Price Target
$7.25
(13.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Transocean upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Transocean (RIG) to Overweight from Equal Weight.

2 days ago - TheFly

Transocean upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Transocean (RIG) to Overweight from Equal Weight with a price target of $8, up from $6. The firm adjusted ratings and price targets in the energy services group,

2 days ago - TheFly

Transocean price target raised to $6 from $5.50 at TD Cowen

TD Cowen raised the firm’s price target on Transocean (RIG) to $6 from $5.50 and keeps a Hold rating on the shares. the firm updated its model following messy first

3 days ago - TheFly

Transocean Earnings Call Transcript: Q1 2026

Strong operational results with record daily revenue and $440M adjusted EBITDA, supported by $1.6B in new backlog and accelerated debt reduction. Deepwater utilization is forecast to approach 100% by 2027, with robust demand across global markets and continued progress on the Valaris acquisition.

5 days ago - Transcripts

Transocean provides quarterly fleet status; announces total backlog $7.1B

Transocean (RIG) issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes...

5 days ago - TheFly

Transocean sees Q2 revenue $930M-$970M, consensus $966.23M

Sees Q2 capital expenditures $30M-$40M.

5 days ago - TheFly

Transocean sees FY26 revenue $3.800B-$3.900B, consensus $3.88B

Sees FY26 capital expenditures $150M.

5 days ago - TheFly

Transocean reports Q1 adjusted EPS (3c), consensus 8c

Reports Q1 revenue $1.08B, consensus $1.03B. As of May 4, 2026, the total backlog is approximately $7.1B. “The Transocean (RIG) team delivered exceptional performance to start the year,” said Keelan

5 days ago - TheFly

Transocean Ltd. Reports First Quarter 2026 Results

STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the first quarter of 2026. The Company will host a conference call and webca...

5 days ago - GlobeNewsWire

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, t...

5 days ago - GlobeNewsWire

Transocean options imply 6.5% move in share price post-earnings

Pre-earnings options volume in Transocean (RIG) is normal with calls leading puts 9:2. Implied volatility suggests the market is anticipating a move near 6.5%, or 45c, after results are released.

5 days ago - TheFly

Options Volatility and Implied Earnings Moves Today, May 04, 2026

Today, several major companies are expected to report earnings: ON Semiconductor (ON), Transocean (RIG), Vertex Pharmaceuticals (VRTX), Diamondback (FANG), Norwegian Cruise Line (NCLH), Innovative Ind...

6 days ago - TipRanks

Transocean announces $158M award for ultra-deepwater drillship

Transocean (RIG) announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator. The estimated 390-day campaign is expected to comme...

24 days ago - TheFly

Transocean Ltd. Announces $158 Million Award for Ultra-Deepwater Drillship

STEINHAUSEN, Switzerland, April 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Medite...

24 days ago - GlobeNewsWire

Transocean price target raised to $7 from $5 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Transocean (RIG) to $7 from $5 and keeps an Equal Weight rating on the shares. Beyond the Middle East disruption, the firm

25 days ago - TheFly

Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship

STEINHAUSEN, Switzerland, April 14, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Pet...

26 days ago - GlobeNewsWire

Transocean price target raised to $8 from $7.50 at Susquehanna

Susquehanna raised the firm’s price target on Transocean (RIG) to $8 from $7.50 and keeps a Positive rating on the shares. The firm adjusted targets in oilfield services as part

4 weeks ago - TheFly

Transocean awarded $1B in contracts

Transocean (RIG) announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures repre...

5 weeks ago - TheFly

Transocean retires senior secured notes

Transocean (RIG) retired the 8.375% Senior Secured Notes due 2028 in full on March 20, 2026. The outstanding principal amount of $358M, plus a call premium and accrued but unpaid

5 weeks ago - TheFly

Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes

STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contr...

5 weeks ago - GlobeNewsWire

Transocean put volume heavy and directionally bearish

Bearish flow noted in Transocean (RIG) with 29,615 puts trading, or 12x expected. Most active are Jan-27 5 puts and 4/2 weekly 7 puts, with total volume in those strikes

5 weeks ago - TheFly

Transocean call volume above normal and directionally bullish

Bullish option flow detected in Transocean (RIG) with 45,307 calls trading, 1.6x expected, and implied vol increasing over 1 point to 60.12%. 4/24 weekly 7.5 calls and Aug-26 7 calls

6 weeks ago - TheFly

Transocean call volume above normal and directionally bullish

Bullish option flow detected in Transocean (RIG) with 104,011 calls trading, 3x expected, and implied vol increasing over 4 points to 60.03%. Jan-27 10 calls and Jan-27 7 calls are

7 weeks ago - TheFly

Transocean downgraded to Neutral from Buy at Clarksons

Clarksons analyst Fredrik Stene downgraded Transocean (RIG) to Neutral from Buy with a $5.90 price target

7 weeks ago - TheFly

Why the War In Iran Boosted Transocean Stock (RIG)

Transocean stock has rallied due to the war in Iran and investor interest in oil drilling companies.

7 weeks ago - TipRanks