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An update from Transocean ( (RIG) ) is now available.
On September 24, 2025, Transocean Ltd. announced its intention to offer and sell 100,000,000 shares in an underwritten public offering, with a 30-day option for underwriters to purchase an additional 15,000,000 shares. The proceeds are intended for the repayment or redemption of indebtedness, including a portion of the $655 million Senior Notes due February 2027, with any remaining funds used for general corporate purposes. This move is part of Transocean’s strategy to manage its financial obligations and strengthen its market position in the offshore drilling industry.
The most recent analyst rating on (RIG) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Transocean stock, see the RIG Stock Forecast page.
Spark’s Take on RIG Stock
According to Spark, TipRanks’ AI Analyst, RIG is a Neutral.
Transocean’s overall stock score reflects a company with mixed financial performance and valuation concerns, offset by positive technical indicators and an optimistic earnings call. The company’s strong backlog and cost management efforts are promising, but profitability challenges and recent rig sales impact the score.
To see Spark’s full report on RIG stock, click here.
More about Transocean
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in ultra-deepwater and harsh environment drilling services. The company operates the highest specification floating offshore drilling fleet globally, consisting of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters.
Average Trading Volume: 28,091,990
Technical Sentiment Signal: Hold
Current Market Cap: $3.43B
Learn more about RIG stock on TipRanks’ Stock Analysis page.