Symbols / RIG
RIG Chart
About
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 energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas Drilling | Market Cap | 7.21B |
| Enterprise Value | 12.56B | Income | -2.92B | Sales | 3.96B |
| Book/sh | 7.36 | Cash/sh | 0.56 | Dividend Yield | — |
| Payout | 0.00% | Employees | 5220 | IPO | — |
| P/E | — | Forward P/E | 55.96 | PEG | — |
| P/S | 1.82 | P/B | 0.89 | P/C | — |
| EV/EBITDA | 9.20 | EV/Sales | 3.17 | Quick Ratio | 0.87 |
| Current Ratio | 1.56 | Debt/Eq | 73.64 | LT Debt/Eq | — |
| EPS (ttm) | -3.34 | EPS next Y | 0.12 | EPS Growth | — |
| Revenue Growth | 9.60% | Earnings | 2026-05-04 | ROA | 2.52% |
| ROE | -31.70% | ROIC | — | Gross Margin | 39.32% |
| Oper. Margin | 23.20% | Profit Margin | -73.52% | Shs Outstand | 1.10B |
| Shs Float | 907.77M | Short Float | 13.29% | Short Ratio | 3.94 |
| Short Interest | — | 52W High | 6.62 | 52W Low | 1.97 |
| Beta | 1.46 | Avg Volume | 42.93M | Volume | 35.60M |
| Target Price | $5.64 | Recom | Hold | Prev Close | $6.39 |
| Price | $6.54 | Change | 2.35% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$5.64
Mean price target
2. Current target
$6.54
Latest analyst target
3. DCF / Fair value
$17.21
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.54
Low
$3.00
High
$10.00
Mean
$5.64
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $5 |
| 2026-02-23 | main | Susquehanna | Positive → Positive | $8 |
| 2026-02-18 | down | Barclays | Overweight → Equal-Weight | $6 |
| 2026-02-09 | main | BTIG | Buy → Buy | $10 |
| 2026-02-02 | main | BTIG | Buy → Buy | $6 |
| 2026-01-07 | main | Susquehanna | Positive → Positive | $5 |
| 2025-12-11 | main | Citigroup | Neutral → Neutral | $5 |
| 2025-12-10 | down | JP Morgan | Neutral → Underweight | — |
| 2025-11-14 | main | Citigroup | Neutral → Neutral | $4 |
| 2025-11-05 | main | Barclays | Overweight → Overweight | $5 |
| 2025-08-13 | main | Barclays | Overweight → Overweight | $4 |
| 2025-05-16 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $4 |
| 2025-04-14 | main | Susquehanna | Positive → Positive | $4 |
| 2025-04-07 | main | Barclays | Overweight → Overweight | $4 |
| 2025-03-27 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $4 |
| 2025-03-19 | main | Citigroup | Neutral → Neutral | $4 |
| 2025-02-25 | main | Barclays | Overweight → Overweight | $4 |
| 2025-01-15 | down | Evercore ISI Group | Outperform → In-Line | $5 |
| 2025-01-08 | main | TD Cowen | Hold → Hold | $6 |
| 2024-12-18 | up | Barclays | Equal-Weight → Overweight | $5 |
News
RSS: Latest RIG news- Transocean (RIG) Soars With Record $1.37B EBITDA And Strategic Valaris Acquisition - Yahoo Finance Wed, 25 Feb 2026 11
- Transocean Ltd. $RIG Shares Purchased by HighTower Advisors LLC - MarketBeat Wed, 25 Feb 2026 10
- Transocean Valaris Merger And New Backlog Reframe RIG Valuation Story - simplywall.st Wed, 25 Feb 2026 13
- Transocean Receives Unqualified Audit Opinion on Financial Statements - The Globe and Mail Wed, 25 Feb 2026 04
- RIG Stock Slides Over 3% After-Hours, But Retail Traders Stay Bullish - Stocktwits Fri, 20 Feb 2026 04
- Offshore rig shake-up: Transocean‑Valaris merger creates 73-rig fleet - Stock Titan Mon, 09 Feb 2026 08
- Transocean (RIG) Price Target Increased by 31.88% to 5.42 - Nasdaq ue, 24 Feb 2026 06
- Transocean to buy offshore rig contractor Valaris in $5.8B all-stock deal (RIG:NYSE) - Seeking Alpha Mon, 09 Feb 2026 08
- Transocean stock rises as oil rebounds; BTIG lifts target ahead of earnings (RIG) - TechStock² ue, 03 Feb 2026 08
- Transocean (RIG) Edges Higher As Investors Weigh Mixed Quarter - Transocean (NYSE:RIG) - Benzinga Fri, 20 Feb 2026 21
- Morgan Stanley Reaffirms Their Hold Rating on Transocean (RIG) - The Globe and Mail ue, 24 Feb 2026 20
- Morgan Stanley Forecasts Strong Price Appreciation for Transocean (NYSE:RIG) Stock - MarketBeat Mon, 23 Feb 2026 17
- Why Transocean (RIG) is a Top Momentum Stock for the Long-Term - Nasdaq Fri, 20 Feb 2026 14
- CEO Stock Sale and JPMorgan Downgrade Could Be A Game Changer For Transocean (RIG) - Yahoo Finance Sat, 20 Dec 2025 08
- Transocean cuts $1.3B debt in year it posts $2.9B net loss - Stock Titan Fri, 20 Feb 2026 02
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 67411 | — | — | MACKENZIE, RODERICK JAMES | Officer | — | 2026-02-05 00:00:00 | D | nan |
| 1 | 130738 | — | — | ADAMSON KEELAN I | Chief Executive Officer | — | 2026-02-05 00:00:00 | D | nan |
| 2 | 34726 | — | — | VAYDA ROBERT THADDEUS | Chief Financial Officer | — | 2026-02-05 00:00:00 | D | nan |
| 3 | 29211 | — | — | PACK JASON BAKER | Officer | — | 2026-02-05 00:00:00 | D | nan |
| 4 | 101873 | — | — | LONG BRADY K | Officer | — | 2026-02-05 00:00:00 | D | nan |
| 5 | 373534 | — | — | THIGPEN JEREMY D | Officer and Director | — | 2026-02-05 00:00:00 | D | nan |
| 6 | 81533 | — | Sale at price 5.00 per share. | ADAMSON KEELAN I | Chief Executive Officer | — | 2026-01-27 00:00:00 | D | 407665.0 |
| 7 | 115378 | — | Sale at price 5.00 per share. | LONG BRADY K | Officer | — | 2026-01-27 00:00:00 | D | 576890.0 |
| 8 | 66437 | — | Sale at price 4.50 per share. | ADAMSON KEELAN I | Chief Executive Officer | — | 2025-12-05 00:00:00 | D | 298966.0 |
| 9 | 35000 | — | Sale at price 4.48 per share. | MACKENZIE, RODERICK JAMES | Officer | — | 2025-12-03 00:00:00 | D | 156800.0 |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -13.82M | -56.91M | -420.00K | -2.97M |
| TaxRateForCalcs | 0.02 | 0.21 | 0.21 | 0.27 |
| NormalizedEBITDA | 1.21B | 772.00M | 853.00M | 950.00M |
| TotalUnusualItems | -628.00M | -271.00M | -2.00M | -11.00M |
| TotalUnusualItemsExcludingGoodwill | -628.00M | -271.00M | -2.00M | -11.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -512.00M | -954.00M | -621.00M | -592.00M |
| ReconciledDepreciation | 743.00M | 796.00M | 852.00M | 962.00M |
| ReconciledCostOfRevenue | 739.00M | 744.00M | 735.00M | 742.00M |
| EBITDA | 582.00M | 501.00M | 851.00M | 939.00M |
| EBIT | -161.00M | -295.00M | -1.00M | -23.00M |
| NetInterestIncome | -312.00M | -594.00M | -534.00M | -432.00M |
| InterestExpense | 362.00M | 646.00M | 561.00M | 447.00M |
| InterestIncome | 50.00M | 52.00M | 27.00M | 15.00M |
| NormalizedIncome | 102.18M | -739.91M | -619.42M | -583.97M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -512.00M | -954.00M | -621.00M | -592.00M |
| TotalExpenses | 3.15B | 2.92B | 2.60B | 2.61B |
| TotalOperatingIncomeAsReported | -417.00M | -325.00M | -31.00M | -112.00M |
| DilutedAverageShares | 925.00M | 768.00M | 699.00M | 637.00M |
| BasicAverageShares | 850.00M | 768.00M | 699.00M | 637.00M |
| DilutedEPS | -0.60 | -1.24 | -0.89 | -0.93 |
| BasicEPS | -0.60 | -1.24 | -0.89 | -0.93 |
| DilutedNIAvailtoComStockholders | -512.00M | -954.00M | -621.00M | -592.00M |
| NetIncomeCommonStockholders | -512.00M | -954.00M | -621.00M | -592.00M |
| NetIncome | -512.00M | -954.00M | -621.00M | -592.00M |
| MinorityInterests | 0.00 | 0.00 | 0.00 | -1.00M |
| NetIncomeIncludingNoncontrollingInterests | -512.00M | -954.00M | -621.00M | -591.00M |
| NetIncomeContinuousOperations | -512.00M | -954.00M | -621.00M | -591.00M |
| TaxProvision | -11.00M | 13.00M | 59.00M | 121.00M |
| PretaxIncome | -523.00M | -941.00M | -562.00M | -470.00M |
| OtherIncomeExpense | -583.00M | -262.00M | -7.00M | 12.00M |
| OtherNonOperatingIncomeExpenses | 45.00M | 9.00M | -5.00M | 23.00M |
| SpecialIncomeCharges | -628.00M | -271.00M | -2.00M | -11.00M |
| GainOnSaleOfPPE | -17.00M | -183.00M | -10.00M | -62.00M |
| OtherSpecialCharges | -161.00M | 31.00M | -8.00M | -51.00M |
| WriteOff | 772.00M | 57.00M | 0.00 | 0.00 |
| ImpairmentOfCapitalAssets | 57.00M | 0.00 | 0.00 | |
| NetNonOperatingInterestIncomeExpense | -312.00M | -594.00M | -534.00M | -432.00M |
| InterestExpenseNonOperating | 362.00M | 646.00M | 561.00M | 447.00M |
| InterestIncomeNonOperating | 50.00M | 52.00M | 27.00M | 15.00M |
| OperatingIncome | 372.00M | -85.00M | -21.00M | -50.00M |
| OperatingExpense | 2.41B | 2.17B | 1.86B | 1.86B |
| OtherOperatingExpenses | 2.20B | 1.99B | 1.68B | 1.70B |
| SellingGeneralAndAdministration | 214.00M | 187.00M | 182.00M | 167.00M |
| GeneralAndAdministrativeExpense | 214.00M | 187.00M | 182.00M | 167.00M |
| OtherGandA | 214.00M | 187.00M | 182.00M | 167.00M |
| GrossProfit | 2.79B | 2.09B | 1.84B | 1.81B |
| CostOfRevenue | 739.00M | 744.00M | 735.00M | 742.00M |
| TotalRevenue | 3.52B | 2.83B | 2.58B | 2.56B |
| OperatingRevenue | 3.52B | 2.83B | 2.58B | 2.56B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 65.00M | 34.69M | 75.36M | 72.67M |
| OrdinarySharesNumber | 875.83M | 809.03M | 721.89M | 655.51M |
| ShareIssued | 940.83M | 843.72M | 797.24M | 728.18M |
| NetDebt | 6.32B | 6.65B | 6.66B | 6.19B |
| TotalDebt | 7.25B | 7.85B | 7.82B | 7.69B |
| TangibleBookValue | 10.28B | 10.41B | 10.73B | 11.03B |
| InvestedCapital | 17.16B | 17.83B | 18.14B | 18.38B |
| WorkingCapital | 789.00M | 729.00M | 450.00M | 1.14B |
| NetTangibleAssets | 10.28B | 10.41B | 10.73B | 11.03B |
| CapitalLeaseObligations | 366.00M | 439.00M | 470.00M | 523.00M |
| CommonStockEquity | 10.28B | 10.41B | 10.79B | 11.21B |
| TotalCapitalization | 16.48B | 17.46B | 17.42B | 17.86B |
| TotalEquityGrossMinorityInterest | 10.29B | 10.42B | 10.79B | 11.21B |
| MinorityInterest | 1.00M | 1.00M | 1.00M | 1.00M |
| StockholdersEquity | 10.28B | 10.41B | 10.79B | 11.21B |
| GainsLossesNotAffectingRetainedEarnings | -138.00M | -177.00M | -185.00M | -84.00M |
| OtherEquityAdjustments | -138.00M | -177.00M | -185.00M | -84.00M |
| RetainedEarnings | -4.54B | -4.03B | -3.08B | -2.46B |
| AdditionalPaidInCapital | 14.88B | 14.54B | 13.98B | 13.68B |
| CapitalStock | 87.00M | 81.00M | 71.00M | 64.00M |
| CommonStock | 87.00M | 81.00M | 71.00M | 64.00M |
| TotalLiabilitiesNetMinorityInterest | 9.09B | 9.84B | 9.64B | 9.47B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 7.42B | 8.44B | 8.09B | 8.17B |
| OtherNonCurrentLiabilities | 40.00M | 40.00M | 39.00M | 43.00M |
| EmployeeBenefits | 100.00M | 121.00M | 170.00M | 128.00M |
| NonCurrentPensionAndOtherPostretirementBenefitPlans | 100.00M | 121.00M | 170.00M | 128.00M |
| TradeandOtherPayablesNonCurrent | 65.00M | 80.00M | 129.00M | 157.00M |
| NonCurrentDeferredLiabilities | 711.00M | 773.00M | 697.00M | 712.00M |
| NonCurrentDeferredRevenue | 212.00M | 233.00M | 204.00M | 265.00M |
| NonCurrentDeferredTaxesLiabilities | 499.00M | 540.00M | 493.00M | 447.00M |
| LongTermDebtAndCapitalLeaseObligation | 6.51B | 7.43B | 7.05B | 7.13B |
| LongTermCapitalLeaseObligation | 312.00M | 384.00M | 423.00M | 475.00M |
| LongTermDebt | 6.20B | 7.04B | 6.63B | 6.66B |
| CurrentLiabilities | 1.66B | 1.40B | 1.56B | 1.30B |
| OtherCurrentLiabilities | 97.00M | 123.00M | 58.00M | 63.00M |
| CurrentDeferredLiabilities | 231.00M | 165.00M | 124.00M | 83.00M |
| CurrentDeferredRevenue | 231.00M | 165.00M | 124.00M | 83.00M |
| CurrentDebtAndCapitalLeaseObligation | 740.00M | 425.00M | 766.00M | 561.00M |
| CurrentCapitalLeaseObligation | 54.00M | 55.00M | 47.00M | 48.00M |
| CurrentDebt | 686.00M | 370.00M | 719.00M | 513.00M |
| OtherCurrentBorrowings | 686.00M | 370.00M | 719.00M | 513.00M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 136.00M | 145.00M | 156.00M | 178.00M |
| PayablesAndAccruedExpenses | 459.00M | 539.00M | 454.00M | 418.00M |
| CurrentAccruedExpenses | 134.00M | 146.00M | 113.00M | 121.00M |
| InterestPayable | 134.00M | 146.00M | 113.00M | 121.00M |
| Payables | 325.00M | 393.00M | 341.00M | 297.00M |
| TotalTaxPayable | 70.00M | 70.00M | 60.00M | 69.00M |
| IncomeTaxPayable | 31.00M | 23.00M | 19.00M | 17.00M |
| AccountsPayable | 255.00M | 323.00M | 281.00M | 228.00M |
| TotalAssets | 19.37B | 20.25B | 20.44B | 20.68B |
| TotalNonCurrentAssets | 16.92B | 18.13B | 18.43B | 18.24B |
| OtherNonCurrentAssets | 1.04B | 1.14B | 890.00M | 959.00M |
| NonCurrentDeferredAssets | 45.00M | 44.00M | 13.00M | 7.00M |
| NonCurrentDeferredTaxesAssets | 45.00M | 44.00M | 13.00M | 7.00M |
| GoodwillAndOtherIntangibleAssets | 0.00 | 4.00M | 56.00M | 173.00M |
| OtherIntangibleAssets | 4.00M | 56.00M | 173.00M | |
| NetPPE | 15.83B | 16.94B | 17.47B | 17.10B |
| AccumulatedDepreciation | -6.59B | -6.93B | -6.75B | -6.05B |
| GrossPPE | 22.42B | 23.88B | 24.22B | 23.15B |
| CurrentAssets | 2.45B | 2.13B | 2.01B | 2.44B |
| OtherCurrentAssets | 165.00M | 144.00M | 144.00M | 148.00M |
| AssetsHeldForSaleCurrent | 343.00M | 49.00M | ||
| RestrictedCash | 381.00M | 233.00M | 308.00M | 436.00M |
| Inventory | 439.00M | 426.00M | 388.00M | 392.00M |
| RawMaterials | 439.00M | 426.00M | 388.00M | 392.00M |
| Receivables | 564.00M | 512.00M | 485.00M | 492.00M |
| AccountsReceivable | 564.00M | 512.00M | 485.00M | 492.00M |
| AllowanceForDoubtfulAccountsReceivable | -2.00M | |||
| GrossAccountsReceivable | 494.00M | |||
| CashCashEquivalentsAndShortTermInvestments | 560.00M | 762.00M | 683.00M | 976.00M |
| CashAndCashEquivalents | 560.00M | 762.00M | 683.00M | 976.00M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 193.00M | -263.00M | -269.00M | 367.00M |
| RepaymentOfDebt | -2.10B | -1.72B | -554.00M | -606.00M |
| IssuanceOfDebt | 1.77B | 1.98B | 175.00M | 0.00 |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 263.00M | 158.00M |
| CapitalExpenditure | -254.00M | -427.00M | -717.00M | -208.00M |
| EndCashPosition | 941.00M | 995.00M | 991.00M | 1.41B |
| BeginningCashPosition | 995.00M | 991.00M | 1.41B | 1.56B |
| ChangesInCash | -54.00M | 4.00M | -421.00M | -148.00M |
| FinancingCashFlow | -350.00M | 263.00M | -112.00M | -490.00M |
| CashFlowFromContinuingFinancingActivities | -350.00M | 263.00M | -112.00M | -490.00M |
| NetOtherFinancingCharges | -17.00M | -3.00M | -8.00M | -42.00M |
| ProceedsFromStockOptionExercised | 0.00 | 0.00 | 12.00M | 0.00 |
| NetCommonStockIssuance | 0.00 | 0.00 | 263.00M | 158.00M |
| CommonStockIssuance | 0.00 | 0.00 | 263.00M | 158.00M |
| NetIssuancePaymentsOfDebt | -333.00M | 266.00M | -379.00M | -606.00M |
| NetLongTermDebtIssuance | -333.00M | 266.00M | -379.00M | -606.00M |
| LongTermDebtPayments | -2.10B | -1.72B | -554.00M | -606.00M |
| LongTermDebtIssuance | 1.77B | 1.98B | 175.00M | 0.00 |
| InvestingCashFlow | -151.00M | -423.00M | -757.00M | -233.00M |
| CashFlowFromContinuingInvestingActivities | -151.00M | -423.00M | -757.00M | -233.00M |
| NetOtherInvestingChanges | 98.00M | 7.00M | 2.00M | -24.00M |
| NetInvestmentPurchaseAndSale | 0.00 | |||
| SaleOfInvestment | 0.00 | |||
| NetBusinessPurchaseAndSale | 5.00M | -3.00M | -42.00M | -1.00M |
| SaleOfBusiness | 5.00M | 7.00M | 0.00 | |
| PurchaseOfBusiness | 0.00 | -10.00M | -42.00M | -1.00M |
| CapitalExpenditureReported | -254.00M | -427.00M | -717.00M | -208.00M |
| OperatingCashFlow | 447.00M | 164.00M | 448.00M | 575.00M |
| CashFlowFromContinuingOperatingActivities | 447.00M | 164.00M | 448.00M | 575.00M |
| ChangeInWorkingCapital | -254.00M | -233.00M | -94.00M | -77.00M |
| ChangeInOtherWorkingCapital | 33.00M | -164.00M | -73.00M | -146.00M |
| ChangeInOtherCurrentLiabilities | -2.00M | -7.00M | -2.00M | -3.00M |
| ChangeInOtherCurrentAssets | -100.00M | -98.00M | -12.00M | -13.00M |
| ChangeInPayablesAndAccruedExpense | -91.00M | 135.00M | 8.00M | -52.00M |
| ChangeInPayable | -91.00M | 135.00M | 8.00M | -52.00M |
| ChangeInAccountPayable | -91.00M | 135.00M | 8.00M | -52.00M |
| ChangeInReceivables | -94.00M | -99.00M | -15.00M | 137.00M |
| ChangesInAccountReceivables | -94.00M | -99.00M | -15.00M | 137.00M |
| OtherNonCashItems | -168.00M | 221.00M | 234.00M | 26.00M |
| StockBasedCompensation | 47.00M | 40.00M | 29.00M | 28.00M |
| AssetImpairmentCharge | 777.00M | 62.00M | 0.00 | 37.00M |
| DeferredTax | -42.00M | 18.00M | 46.00M | 128.00M |
| DeferredIncomeTax | -42.00M | 18.00M | 46.00M | 128.00M |
| DepreciationAmortizationDepletion | 743.00M | 796.00M | 852.00M | 962.00M |
| DepreciationAndAmortization | 743.00M | 796.00M | 852.00M | 962.00M |
| AmortizationCashFlow | 4.00M | 52.00M | 117.00M | 220.00M |
| AmortizationOfIntangibles | 4.00M | 52.00M | 117.00M | 220.00M |
| Depreciation | 739.00M | 744.00M | 735.00M | 742.00M |
| OperatingGainsLosses | -144.00M | 214.00M | 2.00M | 62.00M |
| NetIncomeFromContinuingOperations | -512.00M | -954.00M | -621.00M | -591.00M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for RIG
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|