Transocean LTD (RIG)
NYSE:RIG
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RIG Stock Chart & Stats
$5.94
-$0.08(-2.04%)
At close: 4:00 PM EST
$5.94
-$0.08(-2.04%)
Day’s Range― - ―
52-Week Range$2.51 - $7.66
Previous CloseN/A
Volume8.21M
Average Volume (3M)36.04M
Market Cap
$6.98B
Enterprise Value$10.25B
Total Cash (Recent Filing)$615.00M
Total Debt (Recent Filing)$5.27B
Price to Earnings (P/E)―
Beta0.96
Next Earnings
Aug 03, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.05
Shares Outstanding1,116,622,100
10 Day Avg. Volume33,015,673
30 Day Avg. Volume36,038,530
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.49
Price to Sales (P/S)1.00
P/FCF Ratio6.33
Enterprise Value/Market Cap1.47
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit2.92
Enterprise Value/Ebitda-6.61
Forecast
1Y Price Target
$6.99Price Target Upside17.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.14
Revenue Forecast (FY)$3.86B
Bulls Say, Bears Say
Bulls Say
Strengthening Cash GenerationDurable, positive operating and free cash flow despite accounting losses provides ongoing internal funding for debt paydowns, opportunistic capital expenditures, and working capital. This cash conversion underpins deleveraging targets and gives management flexibility to withstand cyclical drilling demand swings over the next several quarters.
Large, Visible Contracted BacklogHigh multi-year contract coverage and a >$7B backlog lock in substantial dayrate revenue and utilization, enabling predictable cash flow for capital planning and contractual capex recovery. This backlog reduces short-term demand exposure and supports sustained revenue and margin visibility across 2026–2027.
Premium Dayrates And High Revenue EfficiencyThe company’s high-spec fleet is achieving decade-high daily revenue and >97% revenue efficiency, evidencing pricing power in ultra-deepwater and harsh-environment markets. Sustained premium dayrates and strong utilization translate into durable gross margin advantage versus lower-spec competitors during an offshore upcycle.
Bears Say
Deep Accounting Losses And Negative ROEPersistent, large net losses and materially negative ROE weaken long-term shareholder returns and could erode equity cushions if losses persist. Even with strong cash flow, recurring accounting deficits complicate investor returns, may constrain strategic optionality, and increase scrutiny on cost and integration assumptions.
Regulatory Risk On Valaris AcquisitionAn extended antitrust review could delay or alter the proposed Valaris combination, postponing expected synergies and cost savings. Timing uncertainty may constrain near-term strategic benefits, complicate integration planning and anticipated deleveraging, and could force remedies that change fleet or cash expectations over the medium term.
High Reactivation Costs And Fleet Idling RiskLarge, lumpy reactivation costs and long lead times for cold-stacked rigs increase capital needs and raise the economic threshold for returning idle units to service. Combined with remaining debt and targeted retirements, these structural costs can limit margin recovery and force cautious fleet deployment decisions over multiple quarters.
Transocean News
RIG FAQ
What was Transocean LTD’s price range in the past 12 months?
Transocean LTD lowest stock price was $2.51 and its highest was $7.66 in the past 12 months.
What is Transocean LTD’s market cap?
Transocean LTD’s market cap is $6.98B.
When is Transocean LTD’s upcoming earnings report date?
Transocean LTD’s upcoming earnings report date is Aug 03, 2026 which is in 60 days.
How were Transocean LTD’s earnings last quarter?
Transocean LTD released its earnings results on May 04, 2026. The company reported -$0.03 earnings per share for the quarter, missing the consensus estimate of $0.081 by -$0.111.
Is Transocean LTD overvalued?
According to Wall Street analysts Transocean LTD’s price is currently Undervalued.
Does Transocean LTD pay dividends?
Transocean LTD pays a Quarterly dividend of $0.15 which represents an annual dividend yield of N/A. See more information on Transocean LTD dividends here
What is Transocean LTD’s EPS estimate?
Transocean LTD’s EPS estimate is 0.02.
How many shares outstanding does Transocean LTD have?
Transocean LTD has 1,116,622,100 shares outstanding.
What happened to Transocean LTD’s price movement after its last earnings report?
Transocean LTD reported an EPS of -$0.03 in its last earnings report, missing expectations of $0.081. Following the earnings report the stock price went down -9.157%.
Which hedge fund is a major shareholder of Transocean LTD?
Currently, no hedge funds are holding shares in RIG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Transocean Stock Smart Score
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$6.99 (17.60% Upside)
$6.99 (17.60% Upside)
Blogger Sentiment
Bullish
RIG Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 48.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
127.20%
12-Months-Change
Fundamentals
Return on Equity
-32.79%
Trailing 12-Months
Asset Growth
-20.34%
Trailing 12-Months
Company Description
Transocean LTD
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
RIG Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated strong operational execution, robust profitability (Adjusted EBITDA $440M, >40% margin), meaningful backlog growth (~$1.6B incremental; backlog >$7B), improved market visibility with deepwater utilization expected near 100% by 2027, and deliberate balance-sheet improvements (early debt retirements and targeted cost savings). Counterpoints include an antitrust second request on the Valaris acquisition that introduces potential timing/risk, a modest $50M reduction to the upper revenue outlook, modestly higher capex and emerging inflationary pressures (fuel +~100%, freight +30%–50%) and continued reactivation economics that keep some assets cold-stacked. Overall, positive operational and financial momentum outweighs the identified risks, though timing and macro-driven cost pressures warrant monitoring.View all RIG earnings summariesRIG Stock 12 Month Forecast
Average Price Target
$6.99
▲(17.60% Upside)
Technical Analysis
Ownership Overview
26.54% Insiders
17.54% Mutual Funds
22.79% Other Institutional Investors
13.90% Public Companies and Individual Investors