Transocean Ltd. (RIG)
NYSE: RIG · IEX Real-Time Price · USD
6.30
+0.05 (0.80%)
Mar 28, 2024, 1:15 PM EDT - Market open

Transocean Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Transocean stock have an average target of 7.95, with a low estimate of 5.50 and a high estimate of 12. The average target predicts an increase of 26.19% from the current stock price of 6.30.

Analyst Consensus: Buy
Target Low Average Median High
Price $5.50 $7.95 $7.00 $12
Change -12.70% +26.19% +11.11% +90.48%

Analyst Ratings

The average analyst rating for Transocean stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 444443
Buy 011111
Hold 444456
Sell 000000
Strong Sell 000000
Total 89991010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Hold
Maintains
$7$6
Hold Maintains $7$6 -4.76% Mar 11, 2024
Morgan Stanley
Morgan Stanley
Hold
Maintains
$8$7
Hold Maintains $8$7 +11.11% Feb 26, 2024
Barclays
Barclays
Hold
Maintains
$7$6
Hold Maintains $7$6 -4.76% Feb 22, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$9$7
Strong Buy Maintains $9$7 +11.11% Feb 21, 2024
Susquehanna
Susquehanna
Hold
Maintains
$6.5$5.5
Hold Maintains $6.5$5.5 -12.70% Feb 21, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
3.66B
from 2.83B
Increased by 29.27%
Revenue Next Year
4.07B
from 3.66B
Increased by 11.23%
EPS This Year
-0.04
from -1.24
EPS Next Year
0.52
from -0.04
Year 20192020202120222023202420252026
Revenue
3.09B3.15B2.56B2.58B2.83B3.66B4.07B4.20B
Revenue Growth
2.32%2.07%-18.91%0.74%9.98%29.27%11.23%3.07%
EPS
-2.05-0.92-0.93-0.89-1.24-0.040.520.53
EPS Growth
-------2.63%
No. Analysts -----18178
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 4.0B 4.4B 4.7B
Avg 3.7B 4.1B 4.2B
Low 3.4B 3.7B 3.9B

Revenue Growth

Revenue Growth 202420252026
High
41.0%
20.3%
14.7%
Avg
29.3%
11.2%
3.1%
Low
19.0%
0.6%
-4.9%

EPS Forecast

EPS 202420252026
High 0.25 1.02 0.93
Avg -0.04 0.52 0.53
Low -0.25 0.28 0.11

EPS Growth

EPS Growth 202420252026
High - -
78.8%
Avg - -
2.6%
Low - -
-79.2%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.