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RIG

Transocean Ltd.

RIG

NYSE·Energy·Oil & Gas Drilling·Mkt cap $4.4B

$5.09

+4.41%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$2.53 - $7.66

P/E

-1.68

Fwd P/E

23.54

Beta

1.27

Div Yield

0.00%

Avg Vol

33.3M

Shares Out

903.2M

Mkt Cap

$4.4B

Price action

Price chart

Up 73.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Largest ultra-deepwater rig fleet with 27 advanced units
  • Nearly 100 years of offshore drilling expertise and operational excellence
  • Specialized harsh environment capabilities for extreme conditions
  • Global client base including major integrated energy companies

Bear Case

1 risk

  • Average volatility.

Growth

Turning profitable

Increased offshore oil and gas exploration activity

Value

Fairly valued vs Oilfield Services peers

Momentum

Falling

-26.1% over 3m

Quality

Excellent

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of -$0.03 vs $0.07 consensus (-142.9% surprise). Revenue of $1.1B vs $1.0B expected (+5.5%).

EPS miss
Rev beat +5.5%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-142.9%

Next: Apr 27, 2026

Revenue trend · last 8Q

+28%

+19%

+15%

+8%

+10%

+19%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$861.0M

$948.0M

$952.0M

$906.0M

$988.0M

$1.0B

$1.0B

$1.1B

Margins · last 8Q

Gross

Operating

Profit

6.6%

Wall Street consensus

5 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

60%

Hold

2

40%

Sell

0%

Median Price Target

$7.00

+37.7% vs $5.09

Low $7.00
Median $7.00
High $7.00

Latest: Barclays · May 7, 2026

1 analyst covering

vs Industry

How RIG stacks vs Oil & Gas Drilling

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.