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Transocean ( (RIG) ) has provided an update.
On September 24, 2025, Transocean Ltd. announced the pricing of an upsized public offering of 125,000,000 shares at $3.05 per share, increasing from the initially proposed 100,000,000 shares. The offering, expected to close on September 26, 2025, aims to raise approximately $381.25 million before expenses, with proceeds intended for debt repayment and general corporate purposes. This move could strengthen Transocean’s financial position, impacting its operations and stakeholder interests.
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
See more insights into RIG stock on TipRanks’ Stock Analysis page.