Transocean Ltd. (RIG)
| Market Cap | 6.15B +103.9% |
| Revenue (ttm) | 4.12B +8.5% |
| Net Income | -1.66B |
| EPS | -1.55 |
| Shares Out | 1.12B |
| PE Ratio | n/a |
| Forward PE | 29.48 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 44,313,965 |
| Open | 5.61 |
| Previous Close | 5.58 |
| Day's Range | 5.42 - 5.61 |
| 52-Week Range | 3.14 - 7.66 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 6.55 (+18.88%) |
| Earnings Date | Nov 2, 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 "Buy." The 12-month stock price target is $6.55, which is an increase of 18.88% from the latest price.
News
Transocean Ltd. Announces Amended and Restated Credit Agreement and Redemption of Deepwater Aquila Notes
STEINHAUSEN, Switzerland, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that its wholly owned subsidiary, Transocean International Limited (the “Company”...
Valaris, Transocean see merger closing in Q4 after Brazil decision
Valaris (VAL) disclosed that on October 13, the Brazilian competition authorities issued a decision determining that the business combination Transocean (RIG) may be put into effect without restrictio...
Transocean put volume heavy and directionally bearish
Bearish flow noted in Transocean (RIG) with 20,461 puts trading, or 6x expected. Most active are Jan-28 7 puts and Oct-26 5.5 calls, with total volume in those strikes near…
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on October 14, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on October 14, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Ltd. Announces Third Quarter 2026 Earnings Release Date
STEINHAUSEN, Switzerland, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it will report earnings for the third quarter 2026 and issue a fleet status ...
Transocean announces $1.1B contract backlog
Transocean (RIG) announced a new contract award representing approximately $62M in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion o...
Transocean Ltd. Announces Contract Backlog of Approximately $1.1 Billion, Including Fully Approved Equinor Agreement
STEINHAUSEN, Switzerland, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a new contract award representing approximately $62 million in firm contract back...
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on September 30, 2026, providing details for shareholder voting and corporate governance matters.
Transocean stock jumps as it strikes a new $80M deal: is it a good buy?
Transocean stock jumped by 9% after the company announced a major contract for its Ultra-Deepwater drillship, signaling that its business was seeing substantial traction. RIG soared to $5.94, up by ov...
Transocean Slides: Conference presentation
Transocean has posted slides in relation to its latest quarterly earnings report, which was published on September 16, 2026.
Transocean Ltd. Announces $80 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Conqueror was awarded a two-well contract for work in Equator...
Transocean price target raised to $4.75 from $4 at BofA
BofA analyst Saurabh Pant raised the firm’s price target on Transocean (RIG) to $4.75 from $4 and keeps an Underperform rating on the shares. The firm updated models in the…
Transocean announces $300M contract for ultra-deepwater drillship
Transocean (RIG) announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027…
Transocean Ltd. Announces $300 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in I...
Transocean price target lowered to $7 from $8 at Barclays
Barclays analyst Eddie Kim lowered the firm’s price target on Transocean (RIG) to $7 from $8 and keeps an Overweight rating on the shares post the Q2 report. Transocean expects…
Transocean upgraded to Buy from Hold at Fearnley
Fearnley upgraded Transocean (RIG) to Buy from Hold with a $6.70 price target The firm cites the tightening floater market for the upgrade.
Transocean Earnings Call Transcript: Q2 2026
Q2 2026 saw strong operational and financial performance, with revenue and EBITDA margins exceeding guidance and a significant backlog increase. Deepwater rig demand remains robust globally, with utilization expected to approach 100% by 2027, and the Valaris acquisition progressing toward closure.
Transocean Earnings release: Q2 2026
Transocean released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
Transocean Quarterly report: Q2 2026
Transocean has published its Q2 2026 quarterly earnings report on August 6, 2026.
Transocean reports Q2 adjusted EPS 12c, consensus 1c
Reports Q2 revenue $966M, consensus $962.88M. “Transocean (RIG) delivered a strong second quarter, supported by 97% revenue efficiency and solid adjusted EBITDA margins, resulting in excellent cash fl...
Transocean Ltd. Reports Second Quarter 2026 Results
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the second quarter of 2026. The Company will host a conference call and web...
Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current activity and contractual status of the Co...
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…