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RIG Stock Chart & Stats
$5.74
$0.03(0.56%)
At close: 4:00 PM EDT
$5.74
$0.03(0.56%)
Day’s Range― - ―
52-Week Range$3.50 - $7.66
Previous CloseN/A
Volume49.45M
Average Volume (3M)42.28M
Market Cap
$6.50B
Enterprise Value$10.20B
Total Cash (Recent Filing)$509.00M
Total Debt (Recent Filing)$5.12B
Price to Earnings (P/E)―
Beta0.94
Next Earnings
Nov 02, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend Yield14.08%
Share Statistics
EPS (TTM)-1.84
Shares Outstanding1,116,922,000
10 Day Avg. Volume39,947,959
30 Day Avg. Volume42,275,890
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 Cap1.57
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit3.34
Enterprise Value/Ebitda-21.99
Forecast
1Y Price Target
$7.09Price Target Upside23.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.24
Revenue Forecast (FY)$3.94B
Bulls Say, Bears Say
Bulls Say
Firm Backlog GrowthThe new awards extend utilization of two high-specification drillships and provide contracted revenue visibility into 2027. Continued direct transitions from existing campaigns reduce near-term idle risk, while backlog growth supports more predictable cash generation and reinforces Transocean’s position in ultra-deepwater drilling.
Strong Cash GenerationPositive free cash flow and substantial liquidity improve Transocean’s ability to fund rig operations, meet financing obligations, and pursue strategic opportunities. Debt reduction further strengthens financial flexibility, although sustainable benefits depend on maintaining operating performance and contract utilization.
Expanded Strategic ScaleThe proposed Valaris combination would create a larger offshore drilling group with expanded global scale and fleet capabilities. If completed, broader assets and market coverage could strengthen competitive positioning, improve customer reach, and support more efficient participation in offshore industry consolidation.
Bears Say
Deep Net LossesPersistent and very large net losses show that Transocean is not currently converting its operations and strong gross margins into bottom-line profitability. This weak earnings base can constrain internally funded investment, reduce resilience through the cycle, and limit the durability of shareholder returns.
Sharp Revenue ContractionThe steep TTM revenue decline indicates that contracted activity and fleet utilization remain uneven despite recent awards. A materially smaller revenue base can weaken operating leverage and make profitability more difficult to restore, particularly if new backlog takes time to commence or replaces expiring work.
Cash Flow Quality ConcernStrong free cash flow is encouraging, but its shortfall relative to the accounting loss indicates that cash performance is not yet translating into comparable economic profitability. The stated contribution from non-cash items or working-capital timing makes sustained earnings conversion an important ongoing concern.
Transocean News
RIG FAQ
What was Transocean LTD’s price range in the past 12 months?
Transocean LTD lowest stock price was $3.50 and its highest was $7.66 in the past 12 months.
What is Transocean LTD’s market cap?
Transocean LTD’s market cap is $6.50B.
When is Transocean LTD’s upcoming earnings report date?
Transocean LTD’s upcoming earnings report date is Nov 02, 2026 which is in 9 days.
How were Transocean LTD’s earnings last quarter?
Transocean LTD released its earnings results on Aug 05, 2026. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.14.
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 14.08%. 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 1,116,922,000 shares outstanding.
What happened to Transocean LTD’s price movement after its last earnings report?
Transocean LTD reported an EPS of $0.15 in its last earnings report, beating expectations of $0.01. Following the earnings report the stock price went up 0.389%.
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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$7.09 (23.52% Upside)
$7.09 (23.52% Upside)
Blogger Sentiment
Bullish
RIG Sentiment 84%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 863.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
77.77%
12-Months-Change
Fundamentals
Return on Equity
-20.24%
Trailing 12-Months
Asset Growth
-14.84%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Transocean LTD
Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.
RIG Earnings Call
Q2 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
$7.09
▲(23.52% Upside)
Technical Analysis
Ownership Overview
26.54% Insiders
17.58% Mutual Funds
1.91% Other Institutional Investors
30.35% Public Companies and Individual Investors