<div id="readability-page-1"><ul><li>This Insider Just Made a Massive Bet on Transocean's Comeback</li></ul><p>Transocean Ltd. (NYSE:RIG - Free Report) - Analysts at Zacks Research raised their Q3 2027 earnings per share estimates for Transocean in a report released on Thursday, December 11th. Zacks Research analyst Team now expects that the offshore drilling services provider will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.02. The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's FY2027 earnings at $0.09 EPS.</p><p>Transocean (NYSE:RIG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The offshore drilling services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Transocean had a negative net margin of 75.71% and a positive return on equity of 0.45%. The firm had revenue of ($1,894.00) million for the quarter, compared to analysts' expectations of $1.01 billion. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. </p><ul><li>3 Stocks You Want to Keep in Case Oil Rallies</li></ul><p>A number of other equities analysts have also recently commented on the company. Citigroup raised their target price on Transocean from $4.25 to $4.50 and gave the stock a &#34;neutral&#34; rating in a report on Thursday. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Transocean in a research note on Wednesday, October 8th. JPMorgan Chase &amp; Co.  reiterated an &#34;underweight&#34; rating on shares of Transocean in a research note on Wednesday, December 10th. Finally, Barclays raised their target price on shares of Transocean from $4.00 to $4.50 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued  a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $4.35.</p><p><b>Check Out Our Latest Stock Analysis on RIG</b></p><h2>Transocean Stock Down 2.9%</h2><ul><li>Oil Shorts Are Crowded, 3 Names That Could Bring on a Squeeze</li></ul><p>RIG opened at $4.16 on Monday. Transocean has a 1-year low of $1.97 and a 1-year high of $4.56. The firm's 50 day simple moving average is $3.89 and its two-hundred day simple moving average is $3.30. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $4.58 billion, a PE ratio of -1.27 and a beta of 1.39. </p><h2>Hedge Funds Weigh In On Transocean</h2><p>Institutional investors have recently bought and sold shares of the stock. Josh Arnold Investment Consultant LLC purchased a new stake in  Transocean in the 2nd quarter worth $26,000.  Blume Capital Management Inc. lifted its position in shares of  Transocean by 125.9% in the second quarter. Blume Capital Management Inc. now owns 10,560 shares of the offshore drilling services provider's stock worth $27,000 after buying an additional 5,885 shares in the last quarter.  Blueshift Asset Management LLC bought a new position in  Transocean during the second quarter valued at approximately $27,000.  Verum Partners LLC purchased a new position in  Transocean during the 2nd quarter valued at approximately $28,000.  Finally, Stockman Wealth Management Inc. bought a new stake in  Transocean in the 2nd quarter worth approximately $28,000. 67.73% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insider Activity</h2><p>In other Transocean news, EVP Roderick James Mackenzie sold 35,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $4.48, for a total transaction of $156,800.00. Following the completion of the sale, the executive vice president directly owned 212,072 shares of the company's stock, valued at $950,082.56. This trade represents a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Thaddeus Vayda sold 30,000 shares of Transocean stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $4.29, for a total transaction of $128,700.00. Following the sale, the executive vice president owned 235,154 shares in the company, valued at approximately $1,008,810.66. The trade was a 11.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 11,000,000 shares of company stock valued at $36,460,000 and have sold 726,148 shares valued at $3,115,783. Company insiders own  12.54% of the company's stock. </p><h2>Transocean Company Profile</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Transocean</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>3 Small Caps With Big Return Potential</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>How to start investing in penny stocks</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJJRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJJRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Transocean Right Now?</h2><p>Before you consider Transocean, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transocean wasn't on the list.</p><p>While Transocean currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Zacks Research raised Transocean's Q3 2027 earnings per share estimate from $0.02 to $0.03. The consensus estimate for Transocean's full-year earnings is $0.14 per share. Transocean reported Q3 earnings of $0.06 per share, beating the consensus estimate of $0.04. The company's revenue for the quarter was $1.894 billion, up 8.4% year-over-year. Several analysts have given mixed ratings on the stock. Transocean's stock has a consensus rating of 'Hold' and a consensus price target of $4.35.</p>

Zacks Research Estimates Transocean's Q3 Earnings (NYSE:RIG)