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Transocean ( (RIG) ) has shared an update.
On September 24, 2025, Transocean Ltd. entered into an underwriting agreement with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC for a public offering of 125,000,000 shares at $3.05 per share. The offering, expected to close on September 26, 2025, aims to raise funds for repaying or redeeming indebtedness, including a portion of the $655 million Senior Notes due in 2027, with any remaining proceeds used for general corporate purposes.
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 Ltd. operates in the offshore drilling industry, providing services for oil and gas exploration and production. The company focuses on delivering high-quality offshore drilling services to energy companies worldwide.
Average Trading Volume: 30,772,601
Technical Sentiment Signal: Sell
Current Market Cap: $3.43B
See more insights into RIG stock on TipRanks’ Stock Analysis page.