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RIG Stock Forecast 2026-2027
$5.94
Current Price
$6.57B
Market Cap
Buy 2
Hold 7
Sell 3
Wall St Analyst Ratings
Distance to RIG Price Targets
+68.4%
To High Target of $10.00
-7.4%
To Median Target of $5.50
-41.1%
To Low Target of $3.50
RIG Price Momentum
-10.5%
1 Week Change
-4.5%
1 Month Change
+160.5%
1 Year Change
+43.8%
Year-to-Date Change
-16.8%
From 52W High of $7.14
+185.6%
From 52W Low of $2.08
📊 TOP ANALYST CALLS
Did RIG Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Transocean is one of their latest high-conviction picks.
Latest RIG Stock Price Targets & Analyst Predictions
Based on our analysis of 23 Wall Street analysts, RIG has a neutral consensus with a median price target of $5.50 (ranging from $3.50 to $10.00). The overall analyst rating is Buy (6.0/10). Currently trading at $5.94, the median forecast implies a -7.4% downside. This outlook is supported by 2 Buy, 7 Hold, and 3 Sell ratings.
The most optimistic forecast comes from Gregory Lewis at BTIG, projecting a 68.4% upside. Conversely, the most conservative target is provided by Daniel Kutz at Morgan Stanley, suggesting a 41.1% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
RIG Analyst Ratings
2
Buy
7
Hold
3
Sell
RIG Price Target Range
Low
$3.50
Average
$5.50
High
$10.00
Current: $5.94
Latest RIG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for RIG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Apr 15, 2026 | Morgan Stanley | Daniel Kutz | Equal-Weight | Maintains | $7.00 |
| Apr 7, 2026 | Susquehanna | Charles Minervino | Positive | Maintains | $8.00 |
| Feb 23, 2026 | Susquehanna | Charles Minervino | Positive | Maintains | $7.50 |
| Feb 23, 2026 | Morgan Stanley | Daniel Kutz | Equal-Weight | Maintains | $5.00 |
| Feb 18, 2026 | Barclays | Eddie Kim | Equal-Weight | Downgrade | $6.00 |
| Feb 9, 2026 | BTIG | Gregory Lewis | Buy | Maintains | $10.00 |
| Feb 2, 2026 | BTIG | Gregory Lewis | Buy | Maintains | $6.00 |
| Jan 7, 2026 | Susquehanna | Charles Minervino | Positive | Maintains | $5.00 |
| Dec 11, 2025 | Citigroup | Scott Gruber | Neutral | Maintains | $4.50 |
| Dec 10, 2025 | JP Morgan | Arun Jayaram | Underweight | Downgrade | $N/A |
| Nov 14, 2025 | Citigroup | Scott Gruber | Neutral | Maintains | $4.25 |
| Nov 5, 2025 | Barclays | Eddie Kim | Overweight | Maintains | $4.50 |
| Aug 13, 2025 | Barclays | Eddie Kim | Overweight | Maintains | $4.00 |
| May 16, 2025 | Morgan Stanley | Daniel Kutz | Equal-Weight | Maintains | $3.50 |
| Apr 14, 2025 | Susquehanna | Charles Minervino | Positive | Maintains | $4.00 |
| Apr 7, 2025 | Barclays | David Anderson | Overweight | Maintains | $3.50 |
| Mar 27, 2025 | Morgan Stanley | Daniel Kutz | Equal-Weight | Maintains | $4.00 |
| Mar 19, 2025 | Citigroup | Scott Gruber | Neutral | Maintains | $3.50 |
| Feb 25, 2025 | Barclays | David Anderson | Overweight | Maintains | $4.00 |
| Jan 15, 2025 | Evercore ISI Group | James West | In-Line | Downgrade | $5.00 |
Transocean Ltd. (RIG) Competitors
The following stocks are similar to Transocean based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Transocean Ltd. (RIG) Financial Data
Transocean Ltd. has a market capitalization of $6.57B with a P/E ratio of -1.9x. The company generates $3.96B in trailing twelve-month revenue with a -73.5% profit margin.
Revenue growth is +9.6% quarter-over-quarter, while maintaining an operating margin of +23.2% and return on equity of -31.7%.
Valuation Metrics
Market Cap
$6.57B
Enterprise Value
$11.90B
P/E Ratio
-1.9x
PEG Ratio
40.2x
Price/Sales
1.7x
Growth & Margins
Revenue Growth (YoY)
+9.6%
Gross Margin
+85.9%
Operating Margin
+23.2%
Net Margin
-73.5%
EPS Growth
+257.1%
Financial Health
Cash/Price Ratio
+9.5%
Current Ratio
1.6x
Debt/Equity
73.6x
ROE
-31.7%
ROA
+2.5%
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Transocean Ltd. (RIG) Business Model
About Transocean Ltd.
What They Do
Provides offshore drilling services for oil and gas.
Business Model
The company operates a fleet of high-specification drilling units, offering contract drilling services to major energy companies and independent operators. It generates revenue through long-term drilling contracts, supported by a substantial backlog that ensures stable income streams and emphasizes operational efficiency and safety.
Additional Information
Founded in 1926 and headquartered in Switzerland, the company focuses on debt management and liquidity preservation to enhance its fleet capabilities and maintain operational excellence. It operates in key regions including the Gulf of Mexico, North Sea, Brazil, and West Africa, playing a vital role in global offshore energy exploration and production.
Company Information
Sector
Energy
Industry
Oil & Gas Drilling
Employees
5,220
CEO
Mr. Keelan I. Adamson
Country
Switzerland
IPO Year
1993
Website
www.deepwater.comTransocean Ltd. (RIG) Latest News & Analysis
Featured Analysis
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Why Transocean (RIG) is a Top Growth Stock for the Long-Term
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Apr 08, 2026
By Zacks Equity Research
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Latest News
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Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Transocean Ltd. secured a 1,156-day contract extension for the Deepwater Corcovado with Petrobras, adding $445 million to backlog, with the rig committed until November 2030.
Why It Matters
Transocean's contract extension with Petrobras significantly boosts its revenue backlog by $445 million and secures rig utilization until November 2030, indicating strong future cash flow potential.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Transocean Ltd. (NYSE: RIG) secured a five-well contract for the Deepwater Asgard in the Eastern Mediterranean, estimated to generate $158 million in backlog, starting Q4 2026.
Why It Matters
Transocean's new contract boosts its revenue forecast with $158 million added to backlog, signaling strong demand for drilling services and potential stock value increase.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Zacks Style Scores provide a tool for investors to identify top-rated stocks aligned with their investing style, potentially enhancing stock selection.
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The Zacks Style Scores provide a streamlined method to identify high-potential stocks, aiding in informed investment decisions and potentially enhancing portfolio performance.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
RIG has increased its backlog by $1 billion through new contracts in Norway and Brazil, enhancing its long-term prospects in ultra-deepwater drilling.
Why It Matters
RIG's $1B backlog increase enhances revenue stability and growth prospects, signaling strong demand in ultra-deepwater drilling, which can positively impact stock performance.
Source: Zacks Investment Research
Market Sentiment:
Positive
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
18 days ago
Quick Summary
Transocean Ltd. (NYSE: RIG) secured a harsh environment semisubmersible contract in Norway and extended two ultra-deepwater drillship contracts in Brazil, adding ~$1.0 billion to its backlog.
Why It Matters
Transocean's new contracts boost its backlog by $1 billion, signaling strong demand and potential revenue growth, which can positively impact stock performance and investor confidence.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About RIG Stock
What is Transocean Ltd.'s (RIG) stock forecast for 2026?
Based on our analysis of 23 Wall Street analysts, Transocean Ltd. (RIG) has a median price target of $5.50. The highest price target is $10.00 and the lowest is $3.50.
Is RIG stock a good investment in 2026?
According to current analyst ratings, RIG has 2 Buy ratings, 7 Hold ratings, and 3 Sell ratings. The stock is currently trading at $5.94. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for RIG stock?
Wall Street analysts predict RIG stock could reach $5.50 in the next 12 months. This represents a -7.4% decrease from the current price of $5.94. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Transocean Ltd.'s business model?
The company operates a fleet of high-specification drilling units, offering contract drilling services to major energy companies and independent operators. It generates revenue through long-term drilling contracts, supported by a substantial backlog that ensures stable income streams and emphasizes operational efficiency and safety.
What is the highest forecasted price for RIG Transocean Ltd.?
The highest price target for RIG is $10.00 from Gregory Lewis at BTIG, which represents a 68.4% increase from the current price of $5.94.
What is the lowest forecasted price for RIG Transocean Ltd.?
The lowest price target for RIG is $3.50 from Daniel Kutz at Morgan Stanley, which represents a -41.1% decrease from the current price of $5.94.
What is the overall RIG consensus from analysts for Transocean Ltd.?
The overall analyst consensus for RIG is neutral. Out of 23 Wall Street analysts, 2 rate it as Buy, 7 as Hold, and 3 as Sell, with a median price target of $5.50.
How accurate are RIG stock price projections?
Stock price projections, including those for Transocean Ltd., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: April 20, 2026 7:52 PM UTC