Transocean Ltd. (RIG)
| Market Cap | 6.98B +197.0% |
| Revenue (ttm) | 4.14B +12.9% |
| Net Income | -2.77B |
| EPS | -2.72 |
| Shares Out | 1.12B |
| PE Ratio | n/a |
| Forward PE | 33.82 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 32,706,005 |
| Open | 6.27 |
| Previous Close | 6.19 |
| Day's Range | 6.22 - 6.39 |
| 52-Week Range | 2.47 - 7.66 |
| Beta | 1.34 |
| Analysts | Hold |
| Price Target | 6.30 (+0.8%) |
| Earnings Date | May 4, 2026 |
About RIG
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent en... [Read more]
Financial Performance
In 2025, Transocean's revenue was $3.97 billion, an increase of 12.51% compared to the previous year's $3.52 billion. Losses were -$2.92 billion, 469.3% more than in 2024.
Financial StatementsAnalyst Summary
According to 13 analysts, the average rating for RIG stock is "Hold." The 12-month stock price target is $6.3, which is an increase of 0.80% from the latest price.
News
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.
Transocean price target raised to $4 from $3.50 at BofA
BofA raised the firm’s price target on Transocean (RIG) to $4 from $3.50 and keeps an Underperform rating on the shares. The firm, which is updating its oilfield services models…
Transocean upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Transocean (RIG) to Overweight from Equal Weight.
Transocean upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Transocean (RIG) to Overweight from Equal Weight with a price target of $8, up from $6. The firm adjusted ratings and price targets in the energy services group,…
Transocean price target raised to $6 from $5.50 at TD Cowen
TD Cowen raised the firm’s price target on Transocean (RIG) to $6 from $5.50 and keeps a Hold rating on the shares. the firm updated its model following messy first…
Transocean Earnings Call Transcript: Q1 2026
Strong operational results with record daily revenue and $440M adjusted EBITDA, supported by $1.6B in new backlog and accelerated debt reduction. Deepwater utilization is forecast to approach 100% by 2027, with robust demand across global markets and continued progress on the Valaris acquisition.
Transocean Earnings release: Q1 2026
Transocean released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.
Transocean Quarterly report: Q1 2026
Transocean has published its Q1 2026 quarterly earnings report on May 5, 2026.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 5, 2026, providing details for shareholder voting and corporate governance matters.
Transocean provides quarterly fleet status; announces total backlog $7.1B
Transocean (RIG) issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes...
Transocean sees Q2 revenue $930M-$970M, consensus $966.23M
Sees Q2 capital expenditures $30M-$40M.
Transocean sees FY26 revenue $3.800B-$3.900B, consensus $3.88B
Sees FY26 capital expenditures $150M.
Transocean reports Q1 adjusted EPS (3c), consensus 8c
Reports Q1 revenue $1.08B, consensus $1.03B. As of May 4, 2026, the total backlog is approximately $7.1B. “The Transocean (RIG) team delivered exceptional performance to start the year,” said Keelan…
Transocean Ltd. Reports First Quarter 2026 Results
STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the first quarter of 2026. The Company will host a conference call and webca...
Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, t...
Transocean announces $158M award for ultra-deepwater drillship
Transocean (RIG) announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator. The estimated 390-day campaign is expected to comme...
Transocean Ltd. Announces $158 Million Award for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Medite...
Transocean price target raised to $7 from $5 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Transocean (RIG) to $7 from $5 and keeps an Equal Weight rating on the shares. Beyond the Middle East disruption, the firm…
Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 14, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Pet...
Transocean price target raised to $8 from $7.50 at Susquehanna
Susquehanna raised the firm’s price target on Transocean (RIG) to $8 from $7.50 and keeps a Positive rating on the shares. The firm adjusted targets in oilfield services as part…
Transocean awarded $1B in contracts
Transocean (RIG) announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures repre...
Transocean retires senior secured notes
Transocean (RIG) retired the 8.375% Senior Secured Notes due 2028 in full on March 20, 2026. The outstanding principal amount of $358M, plus a call premium and accrued but unpaid…
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contr...
