Transocean Ltd. (RIG)

NYSE: RIG · Real-Time Price · USD
3.445
+0.015 (0.44%)
Oct 7, 2025, 12:44 PM EDT - Market open
0.44%
Market Cap3.68B
Revenue (ttm)3.79B
Net Income (ttm)-1.50B
Shares Out 1.07B
EPS (ttm)-1.92
PE Ration/a
Forward PE17.48
Dividendn/a
Ex-Dividend Daten/a
Volume24,018,933
Open3.430
Previous Close3.430
Day's Range3.360 - 3.470
52-Week Range1.970 - 4.740
Beta2.67
AnalystsHold
Price Target4.25 (+23.37%)
Earnings DateOct 29, 2025

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 floaters. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy com... [Read more]

Sector Energy
IPO Date May 27, 1993
Employees 5,470
Stock Exchange NYSE
Ticker Symbol RIG
Full Company Profile

Financial Performance

In 2024, Transocean's revenue was $3.52 billion, an increase of 24.44% compared to the previous year's $2.83 billion. Losses were -$512.00 million, -46.33% less than in 2023.

Financial Statements

Analyst Summary

According to 9 analysts, the average rating for RIG stock is "Hold." The 12-month stock price target is $4.25, which is an increase of 23.37% from the latest price.

Price Target
$4.25
(23.37% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Transocean Ltd. Announces $243 Million in Exercised Options for Ultra-Deepwater Drillships

STEINHAUSEN, Switzerland, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fi...

5 days ago - GlobeNewsWire

Transocean: Offshore Leader With Long-Term Upside

Transocean was the only major offshore driller to make it through the last downturn, keeping its premium fleet intact in a consolidated market. Even using conservative estimates, the replacement cost ...

6 days ago - Seeking Alpha

Transocean Ltd. Announces Pricing of Private Offering of Senior Priority Guaranteed Notes Due 2032

STEINHAUSEN, Switzerland, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean International Limited, a Bermuda exempted company limited by shares and a wholl...

6 days ago - GlobeNewsWire

Transocean Ltd. Announces Cash Tender Offer

STEINHAUSEN, Switzerland, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced that Transocean International Limited, a Bermuda exempted company limited by shares (the “Company”) a...

7 days ago - GlobeNewsWire

Transocean Ltd. Announces Proposed Private Offering of Senior Priority Guaranteed Notes Due 2032

STEINHAUSEN, Switzerland, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean International Limited, a Bermuda exempted company limited by shares and a wholl...

7 days ago - GlobeNewsWire

Buy The Dip In Transocean Stock?

The shares of Transocean Ltd. (NYSE: RIG), one of the largest offshore drilling contractors globally, have faced significant pressure.

8 days ago - Forbes

Stitch Fix Posts Q4 Results, Joins Transocean, MBX Biosciences And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Thursday.

Other symbols: MBXSFIX
12 days ago - Benzinga

Offshore driller Transocean plunges after offering shares at a discount

Transocean is offering a larger number of shares at a discount to Wednesday's close. It will use the proceeds from the offering to pay off debt.

12 days ago - CNBC

Transocean Ltd. Announces Pricing of Upsized Public Offering of Shares

STEINHAUSEN, Switzerland, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today the pricing of an underwritten public offering of 125,000,000 Transocean shares,...

12 days ago - GlobeNewsWire

Transocean Ltd. Announces Public Offering of Shares

STEINHAUSEN, Switzerland, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it intends to offer and sell 100,000,000 Transocean shares, par value $0.10...

12 days ago - GlobeNewsWire

Transocean Reports Strong Quarterly Earnings And Reduces Its Debt

Transocean Ltd. has just reported another strong quarter. The company's sales and EBITDA remain strong. But even more encouraging, in my view, is the company's improving balance sheet.

2 months ago - Seeking Alpha

Transocean Ltd. (RIG) Q2 2025 Earnings Call Transcript

Transocean Ltd. (NYSE:RIG) Q2 2025 Earnings Conference Call August 5, 2025 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Keelan I.

2 months ago - Seeking Alpha

Transocean Stock Inches Higher After Q2 Report

Transocean Ltd. RIG released its second-quarter results after Monday's closing bell.

2 months ago - Benzinga

Transocean Ltd. Reports Second Quarter 2025 Results

STEINHAUSEN, Switzerland, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $938 million, $1.06 per diluted share, for the...

2 months ago - GlobeNewsWire

Final Trades: Netflix, Palo Alto Networks and Transocean

The Investment Committee give you their top stocks to watch for the second half.

Other symbols: NFLXPANW
2 months ago - CNBC Television

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, July 16, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, ...

2 months ago - GlobeNewsWire

Transocean Ltd. Announces Second Quarter 2025 Earnings Release Date

STEINHAUSEN, Switzerland, July 14, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2025 on Monday, August 4, 2025. The company ...

3 months ago - GlobeNewsWire

Transocean: An Underappreciated Offshore Leader

Transocean is trading near 52-week lows, despite improving financials and a stable backlog, making it undervalued versus peers. The stock's weakness is tied to low oil prices, slow backlog growth, and...

3 months ago - Seeking Alpha

RIG Stock: Low Valuation But High Risk?

Transocean (NYSE:RIG), a company specializing in offshore drilling, has significantly lagged behind the broader S&P 500 index over the last twelve months, posting a decline of 45% compared to the S&P ...

4 months ago - Forbes

Transocean Ltd. Announces Exercise of $100 Million Option for Harsh Environment Semisubmersible

STEINHAUSEN, Switzerland, June 04, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that a two-well option was exercised for the Transocean Spitsbergen in Norway. Th...

4 months ago - GlobeNewsWire

Transocean Stock Is Dirt-Cheap Thanks To Trump's Tariffs

Transocean's stock is undervalued due to geopolitical factors and oil price corrections, despite positive financial trends and a leading industry position. Recent fleet status reports show a stable ba...

5 months ago - Seeking Alpha

Transocean: Largest Customer Turning To Competition - Hold

Transocean reported Q1/2025 results slightly ahead of expectations and provided second quarter guidance in line with consensus estimates. While management largely reiterated full-year expectations, ye...

5 months ago - Seeking Alpha

Transocean Ltd. (RIG) Q1 2025 Earnings Call Transcript

Transocean Ltd. (NYSE:RIG) Q1 2025 Earnings Conference Call April 29, 2025 10:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy Thigpen - Chief Executive Officer Ke...

5 months ago - Seeking Alpha

Transocean Ltd. Reports First Quarter 2025 Results

STEINHAUSEN, Switzerland, April 28, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $79 million, or loss of $0.11 per diluted sha...

5 months ago - GlobeNewsWire

Transocean Ltd. Announces Time Change for First Quarter 2025 Earnings Call

STEINHAUSEN, Switzerland, April 17, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that, due to a scheduling conflict, it is changing the time of its first quarter 2025 earnings ...

6 months ago - GlobeNewsWire