Q2 EPS Estimates for Transocean Cut by Capital One Financial

Transocean Ltd. (NYSE:RIG) – Investment analysts at Capital One Financial reduced their Q2 2025 earnings per share (EPS) estimates for shares of Transocean in a report released on Thursday, October 31st. Capital One Financial analyst D. Becker now forecasts that the offshore drilling services provider will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03. The consensus estimate for Transocean’s current full-year earnings is ($0.18) per share. Capital One Financial also issued estimates for Transocean’s Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.19 EPS.

Transocean (NYSE:RIG) last released its quarterly earnings data on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $862.25 million. Transocean had a negative net margin of 18.81% and a negative return on equity of 1.47%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share.

Several other equities analysts have also issued reports on RIG. Benchmark lowered shares of Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Barclays cut their price target on Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Citigroup lowered Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of Transocean to a “sell” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.69.

Transocean Trading Up 9.0 %

NYSE RIG opened at $4.34 on Friday. The company’s 50-day simple moving average is $4.36 and its two-hundred day simple moving average is $5.10. Transocean has a one year low of $3.85 and a one year high of $7.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.36 and a quick ratio of 1.08.

Hedge Funds Weigh In On Transocean

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RIG. Capital World Investors increased its holdings in shares of Transocean by 18.8% in the first quarter. Capital World Investors now owns 46,334,990 shares of the offshore drilling services provider’s stock valued at $290,984,000 after purchasing an additional 7,320,672 shares during the period. Dimensional Fund Advisors LP boosted its position in Transocean by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock valued at $196,484,000 after buying an additional 5,856,414 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Transocean in the 2nd quarter worth approximately $16,179,000. American Century Companies Inc. increased its holdings in Transocean by 24.3% in the 2nd quarter. American Century Companies Inc. now owns 13,437,572 shares of the offshore drilling services provider’s stock worth $71,891,000 after buying an additional 2,623,615 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Transocean by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,858,264 shares of the offshore drilling services provider’s stock valued at $90,192,000 after acquiring an additional 2,606,017 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Perestroika acquired 1,500,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the acquisition, the director now directly owns 91,074,894 shares in the company, valued at $376,139,312.22. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.16% of the company’s stock.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.