Transocean Ltd. (RIG)
| Market Cap | 5.74B +146.1% |
| Revenue (ttm) | 4.14B +12.9% |
| Net Income | -2.77B |
| EPS | -2.72 |
| Shares Out | 1.12B |
| PE Ratio | n/a |
| Forward PE | 28.07 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 36,094,111 |
| Open | 5.18 |
| Previous Close | 5.12 |
| Day's Range | 5.06 - 5.18 |
| 52-Week Range | 2.53 - 7.66 |
| Beta | 1.31 |
| Analysts | Hold |
| Price Target | 6.40 (+24.51%) |
| Earnings Date | Aug 5, 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 14 analysts, the average rating for RIG stock is "Hold." The 12-month stock price target is $6.4, which is an increase of 24.51% from the latest price.
News
Transocean price target lowered to $7 from $8 at Susquehanna
Susquehanna lowered the firm’s price target on Transocean (RIG) to $7 from $8 and keeps a Positive rating on the shares. The firm updated its model ahead of the upcoming…
Transocean director buys $173.3K in common stock
In a regulatory filing, Transocean (RIG) disclosed that its director Chad Deaton bought 35K shares of common stock on July 2 in a total transaction size of $173.3K. Published first…
Transocean Ltd. Announces Second Quarter 2026 Earnings Release Date
STEINHAUSEN, Switzerland, July 07, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2026 and issue a fleet status report on Wedn...
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on July 1, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Ltd. Announces Agreement with Equinor Valued at Over $1 Billion
STEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for t...
Transocean announces $185M in contract awards
Transocean (RIG) announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185M in firm contract backlog. The Transocean Norge wa...
Transocean Ltd. Announces Contract Awards Totaling $185 Million
STEINHAUSEN, Switzerland, June 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract awards for two of its harsh environment semisubmersibles. In aggregate, ...
Transocean Slides: Investor presentation
Transocean has posted slides in relation to its latest quarterly earnings report, which was published on June 16, 2026.
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
Operational uptime reached 98% and adjusted EBITDA was $440 million, with a record backlog over $7 billion and strong contract wins in key regions. Deepwater utilization is forecast to approach 100% by 2027, and the Valaris acquisition is progressing with expected $200 million in synergies.
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...