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RIGRIGEnergy · Oil & Gas Drilling

RIG Stock Forecast: Transocean Ltd. Price Predictions for 2026-2027

Last close, 4 Nov 2026
$5.46
−7.54% on the day

The 13 Wall Street analysts covering Transocean Ltd. hold a median 12-month price target of $6.5 — +19.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 69 of 100 as at 4 Nov 2026 — in the upper half.

Market cap
$7.0B
Ticker Nerd rank
69/ 100
Median analyst target
$6.50
Analysts covering
13
Revenue$966.0M−2.2% y/y
Operating income$154.0M
Net income$170.0M
Free cash flow$212.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−18.7%
1M
+5.5%
YTD
+32.1%
1Y
+39.9%
From 52W high
−28.0%
From 52W low
+42.1%
$3.84
$7.58
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

RIG stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Transocean Ltd. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 4 Nov 2026
69/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
82
Issuance
78
Momentum
76
Revisions
71
Value
61
Growth
52
Quality
36
Volatility
35
Size
20

Accruals (82): Reported profit is backed by cash, and the company is not expanding recklessly.

Volatility (35): The share price moves around a lot.

Size (20): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

RIG stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on RIG, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$4.00$5.00$6.00$7.00$8.00$9.00$10.00Jan 26Apr 26Jul 26Oct 26RIGHigh $10.00Median $6.50Low $4.50

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says13 analysts
6 Buy5 Hold2 Sell
Low $4.50Median $6.50High $10.00

The green dot is the last close — the median target sits +19.2% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
12 Aug 2026BarclaysMaintainsOverweight$8.00 → $7.00
8 July 2026SusquehannaMaintainsPositive$8.00 → $7.00
8 July 2026SusquehannaMaintainsPositive—
7 May 2026BarclaysUpgradeOverweight—
6 May 2026TD CowenMaintainsHold—
15 Apr 2026Morgan StanleyMaintainsEqual-Weight—
7 Apr 2026SusquehannaMaintainsPositive—
23 Feb 2026Morgan StanleyMaintainsEqual-Weight—
23 Feb 2026SusquehannaMaintainsPositive—
18 Feb 2026BarclaysDowngradeEqual-Weight—
9 Feb 2026BTIGMaintainsBuy—
2 Feb 2026BTIGMaintainsBuy—
7 Jan 2026SusquehannaMaintainsPositive—
11 Dec 2025CitigroupMaintainsNeutral—
10 Dec 2025JP MorganDowngradeUnderweight—
14 Nov 2025CitigroupMaintainsNeutral—
5 Nov 2025BarclaysMaintainsOverweight—
13 Aug 2025BarclaysMaintainsOverweight—
16 May 2025Morgan StanleyMaintainsEqual-Weight—
14 Apr 2025SusquehannaMaintainsPositive—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

RIG appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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Performance

RIG vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Nov 2026, Transocean Ltd. returned +39.9% against +14.8% for the S&P 500, dividends included.

RIG vs S&P 500, last 12 monthsTotal return, rebased to 100
100120140160180200Jan 26Apr 26Jul 26Oct 26RIGS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

RIG analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
EPS revision, 90 days
+16.5%
Analysts raising
1
Analysts cutting
1
Fundamentals

Transocean Ltd. (RIG) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−1.9×

Cheaper than 86% of US stocks

Price / sales
1.6×

Cheaper than 57% of US stocks

Price / book
0.8×

Cheaper than 76% of US stocks

EV / EBITDA
7.4×

Cheaper than 47% of US stocks

Growth & margins
Revenue growth (YoY)
−2.2%

Higher than 24% of US stocks

Earnings growth (YoY)
−2.2%

Higher than 34% of US stocks

Gross margin
84.7%

Higher than 94% of US stocks

Operating margin
17.4%

Higher than 76% of US stocks

Net margin
−40.2%

Higher than 12% of US stocks

Returns & dividend
Return on equity
−18.7%

Higher than 32% of US stocks

Return on assets
3.7%

Higher than 69% of US stocks

Dividend yield
10.1%

Higher than 96% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Transocean Ltd. (RIG) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Transocean Ltd. has a market value of $7.0B and an enterprise value of $11.6B.

  • Revenue in the twelve months to 30 June 2026: $4.1B. The latest quarter shrank 2.2% year on year.

  • Net income over the same four quarters: −$1.7B, a −40.2% net margin.

  • Free cash flow in the twelve months to 30 June 2026: $904.0M, after $91.0M of capital spending.

  • Shares outstanding: 1.1B.

  • Trailing P/E: −1.9×; forward P/E: 20.1× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 10.14%, paying out 0% of earnings.

  • Transocean Ltd. employs 5,220 people — $789K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Nov 2026

Data provided by Twelve Data

Peers

RIG vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas Drilling
CompanyMarket capTKN rank
RIGTransocean Ltd.$7.0B69
VALValaris Ltd.$5.7B39
NENoble Corp. Plc$6.5B35
PTENPatterson-UTI Energy, Inc.$4.0B84
HPHelmerich & Payne, Inc.$3.6B67
SDRLSeadrill Ltd.$2.7B52
NBRNabors Industries Ltd.$1.1B64

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Transocean Ltd. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest RIG news & analysis

Transocean's Plunge Offers Upside As Its Big Merger Nears

Seeking Alpha · 4 Nov 2026positive

Transocean missed Q3 revenue and EPS expectations, while average daily revenue per rig improved and combined backlog with Valaris reached $12.7 billion. Net debt declined to $4.23 billion, and the excerpt says the merger is expected to further reduce leverage.

Why it matters — RIG watchers may note the combination of quarterly misses with improved rig revenue, backlog growth and anticipated merger-related deleveraging.

Transocean Q3 Earnings Call Highlights

MarketBeat · 4 Nov 2026neutral

Transocean said it has received all required regulatory approvals for its proposed acquisition of Valaris and expects the transaction to close on Dec. 1, subject to shareholder and court approvals later this month.

Why it matters — The update outlines the remaining approvals and expected timing for Transocean’s proposed Valaris acquisition.

Transocean Ltd. (RIG) Q3 2026 Earnings Call Transcript

Seeking Alpha · 3 Nov 2026neutral

The provided text identifies Transocean Ltd. (RIG)’s Q3 2026 earnings call transcript but contains no transcript details.

Why it matters — RIG watchers can note that the item concerns the company’s quarterly earnings call, though no results or management commentary are provided in the excerpt.

Transocean (RIG) Reports Break-Even Earnings for Q3

Zacks Investment Research · 3 Nov 2026negative

Transocean reported break-even earnings per share for the third quarter, versus the Zacks Consensus Estimate of $0.03. Earnings were $0.06 per share in the year-ago quarter.

Why it matters — The report gives RIG watchers an update on quarterly earnings relative to analyst consensus and the prior-year period.

Transocean Ltd. Reports Third Quarter 2026 Results

GlobeNewsWire · 2 Nov 2026neutral

Transocean reported its third-quarter 2026 financial results and said it will host a conference call and webcast on November 3. Supplemental schedules are available in the Investors section of its website.

Why it matters — The release provides RIG watchers with access to the company's quarterly results and a scheduled forum for discussing them.

FAQ

Frequently asked questions about RIG stock

What is the RIG stock price forecast for 2026-2027?

The 13 Wall Street analysts covering Transocean Ltd. have a median 12-month price target of $6.5, with estimates ranging from $4.5 to $10. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is RIG stock a buy right now?

Of the 13 analysts covering Transocean Ltd., 6 rate it a Buy, 5 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks Transocean Ltd. 69 out of 100 across roughly 4,600 US stocks as at 4 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank RIG?

As at 4 Nov 2026, Transocean Ltd. ranks 69 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (82 of 100).

Will RIG stock go up?

No one can know that. What the data says: the median 12-month target from 13 analysts implies +19.2% from the last close, and Ticker Nerd's factor model ranks Transocean Ltd. 69 out of 100 as at 4 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the RIG stock forecast for 2030?

No analyst covering Transocean Ltd. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for RIG are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $4.5 to $10 over the next 12 months.

How has RIG stock performed over the past year?

Transocean Ltd. returned +39.9% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Transocean Ltd. do?

Transocean Ltd. is a Swiss offshore drilling contractor that provides rig-based well construction services for oil and gas operators worldwide.

What is the latest news on RIG?

The most recent item we track (Seeking Alpha, 4 Nov 2026): "Transocean's Plunge Offers Upside As Its Big Merger Nears". Transocean missed Q3 revenue and EPS expectations, while average daily revenue per rig improved and combined backlog with Valaris reached $12.7 billion. Net debt declined to $4.23 billion, and the excerpt says the merger is expected to further reduce leverage.

Company

About Transocean Ltd.

Transocean Ltd. is a Swiss offshore drilling contractor that provides rig-based well construction services for oil and gas operators worldwide. The company focuses on technically demanding offshore environments, with a particular emphasis on ultra-deepwater and harsh-environment drilling. Its current fleet includes mobile offshore drilling units such as drillships and semisubmersibles, along with related equipment, crews, and operational support used to drill wells in challenging marine settings. Transocean serves integrated energy companies, national oil companies, and independent producers that require specialized offshore drilling capacity. The company’s business is centered on contract drilling services, making it a key participant in the offshore upstream energy services market.

CEO Mr. Keelan I. Adamson · 5,220 employees · Switzerland · https://www.deepwater.com