B
Bull
Bull · 25%RIG
$4.04
Scenario price
$5.800
+0.061 (+1.05%)At close
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- High
- 5.860
- Open
- 5.735
- VWAP
- 5.78
- Vol
- 34.88M
- Mkt Cap
- 4.37B
- Low
- 5.675
- Amount
- 201.57M
- EV/EBITDA, TTM
- 8.70
Transocean Ltd. is a Switzerland-based Company that provides offshore contract drilling services for oil and gas wells worldwide. The Company contracts its drilling rigs, related equipment, and work crews to customers on a dayrate basis to support exploration and development activities across global offshore regions. Its fleet includes mobile offshore drilling units categorized as floaters, including drillships and semisubmersibles, as well as jackups. The Company operates a diversified fleet comprising floaters designed for deepwater and harsh environments, midwater units, and high-specification jackups, enabling it to serve a range of offshore conditions. In addition, the Company maintains drilling units under construction or contract to expand and upgrade its operational capabilities.
AI analysis of Transocean Ltd (RIG)
buyTransocean Ltd (RIG) appears to be a good buy at the current price of $5.80. The company recently secured a $300 million drilling contract in India, indicating strong demand and potential growth. Additionally, the gross margin has improved significantly to 30.71% in Q1 2026, up from 20.57% in Q3 2024. However, the main risk is the forward P/E ratio of 47.85, suggesting high expectations for future earnings that may not be met.
Analyst Ratings (36)
-7.24% downside
Buy
14 Buy
14 Hold
8 Sell
Current: 5.80
Low
3.00
Average
5.38
High
10.00
BofA
Underperform
$4
2026-08-20
BofA
2026-08-20
Price Target
$4
Underperform
Barclays
Overweight
$7
2026-08-12
Barclays
2026-08-12
Price Target
$7
Overweight
Susquehanna
Positive
$7
2026-07-08
Susquehanna
2026-07-08
Price Target
$7
Positive
BofA
Underperform
$4
2026-05-19
BofA
2026-05-19
Price Target
$4
Underperform
Barclays
Overweight
$8
2026-05-07
Barclays
2026-05-07
Price Target
$8
Overweight
Valuation Metrics
The current forward P/E ratio for Transocean Ltd (RIG) is 47.85, compared to its 5-year average forward P/E of 27.02.
Alphio AI Price Scenarios for RIG
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.
Whales holding RIG
Events Timeline
News
7.508-21stocktwitsTransocean Secures $300 Million Drilling Contract in India
9.508-20CNBCWalmart's Earnings Miss Expectations, Shares Drop
8.508-20NewsfilterTransocean Secures $300 Million Contract with ONGC
9.508-05GlobenewswireTransocean Reports Strong Q2 2026 Financial Results with Increased Backlog
9.508-05seekingalphaTransocean Q2 Earnings Exceed Expectations
RIG FAQ — answered by Alphio AI
Transocean Ltd. is a Switzerland-based Company that provides offshore contract drilling services for oil and gas wells worldwide. The Company contracts its drilling rigs, related equipment, and work crews to customers on a dayrate basis to support exploration and development activities across global offshore regions. Its fleet includes mobile offshore drilling units categorized as floaters, including drillships and semisubmersibles, as well as jackups. The Company operates a diversified fleet comprising floaters designed for deepwater and harsh environments, midwater units, and high-specification jackups, enabling it to serve a range of offshore conditions. In addition, the Company maintains drilling units under construction or contract to expand and upgrade its operational capabilities. It operates in the Energy sector (DRILLING OIL & GAS WELLS industry).
Transocean Ltd (RIG) appears to be a good buy at the current price of $5.80. The company recently secured a $300 million drilling contract in India, indicating strong demand and potential growth. Additionally, the gross margin has improved significantly to 30.71% in Q1 2026, up from 20.57% in Q3 2024. However, the main risk is the forward P/E ratio of 47.85, suggesting high expectations for future earnings that may not be met.
36 analysts cover RIG: 14 rate it Buy, 14 Hold and 8 Sell. The average price target is 5.38.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.