Transocean Ltd. (RIG)

NYSE: RIG · Real-Time Price · USD
5.34
-0.07 (-1.29%)
Jun 23, 2026, 9:44 AM EDT - Market open
Market Cap5.96B +150.9%
Revenue (ttm)4.14B +12.9%
Net Income-2.77B
EPS-2.72
Shares Out 1.12B
PE Ration/a
Forward PE28.25
Dividendn/a
Ex-Dividend Daten/a
Volume1,197,257
Open5.32
Previous Close5.41
Day's Range5.30 - 5.38
52-Week Range2.51 - 7.66
Beta1.27
AnalystsHold
Price Target6.30 (+17.98%)
Earnings DateAug 3, 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]

Sector Energy
IPO Date May 27, 1993
Employees 5,220
Stock Exchange NYSE
Ticker Symbol RIG
Full Company Profile

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 Statements

Analyst 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 17.98% from the latest price.

Price Target
$6.3
(17.98% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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, ...

Other symbols: RIG
6 days ago - GlobeNewsWire

Transocean Slides: Investor presentation

Transocean has posted slides in relation to its latest quarterly earnings report, which was published on June 16, 2026.

7 days ago - Filings

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.

5 weeks ago - Filings

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.

5 weeks ago - Filings

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.

7 weeks ago - Transcripts

Transocean Earnings release: Q1 2026

Transocean released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.

7 weeks ago - Filings

Transocean Quarterly report: Q1 2026

Transocean has published its Q1 2026 quarterly earnings report on May 5, 2026.

7 weeks ago - Filings

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on May 5, 2026, providing details for shareholder voting and corporate governance matters.

7 weeks ago - Filings

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...

Other symbols: RIG
7 weeks ago - GlobeNewsWire

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...

Other symbols: RIG
7 weeks ago - GlobeNewsWire

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...

Other symbols: RIG
2 months ago - GlobeNewsWire

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...

Other symbols: RIG
2 months ago - GlobeNewsWire

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...

Other symbols: RIG
2 months ago - GlobeNewsWire

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on March 31, 2026, providing details for shareholder voting and corporate governance matters.

3 months ago - Filings

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on March 31, 2026, providing details for shareholder voting and corporate governance matters.

3 months ago - Filings

Transocean Proxy statement: Proxy filing

Transocean filed a proxy statement on March 20, 2026, providing details for shareholder voting and corporate governance matters.

3 months ago - Filings

Transocean Earnings Call Transcript: Q4 2025

Delivered strong Q4 and full-year financial results, improved operational efficiency, and announced the acquisition of Valaris, targeting $200 million in synergies and a combined $11 billion backlog. Deepwater market outlook is robust, with utilization expected above 90% through 2027.

4 months ago - Transcripts

Transocean Annual report: Q4 2025

Transocean has published its Q4 2025 annual report on February 20, 2026.

4 months ago - Filings

Transocean Earnings release: Q4 2025

Transocean released its Q4 2025 earnings on February 20, 2026, summarizing the period's financial results.

4 months ago - Filings

Transocean Ltd. Reports Fourth Quarter and Full Year 2025 Results

STEINHAUSEN, Switzerland, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the fourth quarter and full year of 2025. The Company will hold a conferenc...

Other symbols: RIG
4 months ago - GlobeNewsWire

Transocean Proxy statement: Proxy Filing

Transocean filed a proxy statement on February 17, 2026, providing details for shareholder voting and corporate governance matters.

4 months ago - Filings

Transocean Proxy statement: Proxy Filing

Transocean filed a proxy statement on February 11, 2026, providing details for shareholder voting and corporate governance matters.

4 months ago - Filings

Transocean Ltd. Announces Contract Award and Extension Totaling $184 Million

STEINHAUSEN, Switzerland, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for two of its harsh environment semisubmersibles in Norway. In...

Other symbols: RIG
4 months ago - GlobeNewsWire

Transocean Proxy statement: Proxy Filing

Transocean filed a proxy statement on February 10, 2026, providing details for shareholder voting and corporate governance matters.

4 months ago - Filings

Transocean Transcript: M&A announcement

A transformational all-stock merger creates the largest offshore driller with a $10B+ backlog, $200M+ in annual synergies, and a diversified fleet. The deal is expected to accelerate deleveraging, enhance cash flow, and position the company for a multi-year upcycle.

4 months ago - Transcripts