Transocean Ltd. (RIG)
| Market Cap | 7.15B +256.4% |
| Revenue (ttm) | 4.14B +12.9% |
| Net Income | -2.77B |
| EPS | -2.72 |
| Shares Out | 1.12B |
| PE Ratio | n/a |
| Forward PE | 36.93 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 31,209,294 |
| Open | 6.26 |
| Previous Close | 6.17 |
| Day's Range | 6.17 - 6.50 |
| 52-Week Range | 2.34 - 7.14 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 7.25 (+13.28%) |
| Earnings Date | May 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]
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 StatementsAnalyst 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.
News
Transocean upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Transocean (RIG) to Overweight from Equal Weight.
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,
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
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.
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...
Transocean sees Q2 revenue $930M-$970M, consensus $966.23M
Sees Q2 capital expenditures $30M-$40M.
Transocean sees FY26 revenue $3.800B-$3.900B, consensus $3.88B
Sees FY26 capital expenditures $150M.
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
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...
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...
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.
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...
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...
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...
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
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...
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
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...
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
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...
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
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
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
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
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.