Transocean (RIG) Stock Forecast, Price Target & Predictions

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RIG Stock Forecast

Transocean stock forecast is as follows: an average price target of $6.12 (represents a 44.34% upside from RIG’s last price of $4.24) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

RIG Price Target

The average price target for Transocean (RIG) is $6.12 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $3.00. This represents a potential 44.34% upside from RIG's last price of $4.24.

RIG Analyst Ratings

Buy

According to 19 Wall Street analysts, Transocean's rating consensus is 'Buy'. The analyst rating breakdown for RIG stock is 0 'Strong Buy' (0.00%), 14 'Buy' (73.68%), 3 'Hold' (15.79%), 2 'Sell' (10.53%), and 0 'Strong Sell' (0.00%).

Transocean Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 12, 2024	Scott Gruber	Citigroup	$4.50	$4.04	11.39%	6.13%
Sep 02, 2024	Martin Huseby Karlsen	Loop Capital Markets	$5.50	$4.74	16.03%	29.72%
Apr 02, 2024	Greg Lewis	BTIG	$12.00	$6.37	88.38%	183.02%
Mar 14, 2022	Charles Minervino	Susquehanna	$5.60	$4.14	35.27%	32.08%
Mar 07, 2022	Ian Macpherson	Piper Sandler	$3.00	$4.95	-39.39%	-29.25%

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The latest Transocean stock forecast, released on Sep 12, 2024 by Scott Gruber from Citigroup, set a price target of $4.50, which represents a 11.39% increase from the stock price at the time of the forecast ($4.04), and a 6.13% increase from RIG last price ($4.24).

Transocean Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	3
Avg Price Target	-	$5.00	$7.33
Last Closing Price	$4.24	$4.24	$4.24
Upside/Downside	-100.00%	17.92%	72.88%

In the current month, the average price target of Transocean stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Transocean's last price of $4.24. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 15, 2024	Benchmark	Buy	Hold	Downgrade
Oct 03, 2024	Morgan Stanley	Equal-Weight	Underperform	Downgrade
Oct 03, 2024	Piper Sandler	Overweight	Overweight	Hold
Oct 03, 2024	Deutsche Bank	Buy	Buy	Hold
Oct 03, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Sep 12, 2024	Citigroup	Buy	Neutral	Downgrade
Sep 02, 2024	DNB Markets	-	Buy	Upgrade
Apr 02, 2024	BTIG	Buy	Buy	Hold
Jul 05, 2023	Citigroup	-	Buy	Upgrade
Mar 22, 2023	Wolfe Research	-	Outperform	Upgrade

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Transocean's last stock rating was published by Benchmark on Oct 15, 2024. The company Downgrade its RIG rating from "Buy" to "Hold".

Transocean Financial Forecast

Transocean Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$713.00M	$729.00M	$649.00M	$606.00M	$691.00M	$692.00M	$586.00M	$621.00M	$626.00M	$656.00M	$653.00M	$690.00M	$773.00M	$930.00M	$759.00M	$792.00M	$784.00M
Avg Forecast	$1.03B	$1.02B	$996.32M	$989.28M	$1.02B	$1.01B	$966.45M	$905.73M	$960.61M	$945.02M	$862.02M	$781.53M	$757.75M	$718.06M	$732.75M	$641.42M	$617.81M	$670.52M	$697.50M	$608.28M	$670.72M	$664.39M	$683.57M	$661.22M	$698.27M	$773.98M	$774.20M	$802.72M	$818.40M	$779.76M
High Forecast	$1.06B	$1.05B	$1.03B	$1.02B	$1.06B	$1.04B	$998.82M	$909.27M	$1.00B	$949.02M	$862.14M	$781.70M	$785.13M	$754.27M	$757.30M	$662.90M	$638.50M	$670.52M	$697.50M	$608.28M	$670.72M	$664.39M	$683.57M	$661.22M	$698.27M	$773.98M	$774.20M	$802.72M	$818.40M	$779.76M
Low Forecast	$1.00B	$993.76M	$974.47M	$967.58M	$1.00B	$987.03M	$945.25M	$901.11M	$931.39M	$941.02M	$861.90M	$781.36M	$739.02M	$679.74M	$716.68M	$627.35M	$604.25M	$670.52M	$697.50M	$608.28M	$670.72M	$664.39M	$683.57M	$661.22M	$698.27M	$773.98M	$774.20M	$802.72M	$818.40M	$779.76M
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	5	10	10	10	9	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	0.99%	1.01%	0.98%	1.03%	0.99%	0.96%	0.93%	0.94%	0.96%	0.99%	0.99%	1.00%	1.20%	0.95%	0.97%	1.01%

Transocean's average Quarter revenue forecast for Dec 23 based on 3 analysts is $757.75M, with a low forecast of $739.02M, and a high forecast of $785.13M. RIG's average Quarter revenue forecast represents a 6.28% increase compared to the company's last Quarter revenue of $713.00M (Sep 23).

Transocean EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	5	10	10	10	9	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-303.00M	$-163.00M	$237.00M	$156.00M	$280.00M	$39.00M	$164.00M	$192.00M	$249.00M	$259.00M	$238.00M	$349.00M	$727.00M	$-63.00M	$18.00M	$339.00M	$-345.00M
Avg Forecast	$349.94M	$346.54M	$339.81M	$337.41M	$349.27M	$344.19M	$329.62M	$308.91M	$327.63M	$322.31M	$294.00M	$206.64M	$258.44M	$244.90M	$249.92M	$163.35M	$96.80M	$228.69M	$237.89M	$129.13M	$228.76M	$226.60M	$233.14M	$224.78M	$238.15M	$263.98M	$264.05M	$17.38M	$279.13M	$265.95M
High Forecast	$361.66M	$358.14M	$351.19M	$348.71M	$360.97M	$355.72M	$340.66M	$310.12M	$341.44M	$323.68M	$294.04M	$247.97M	$267.78M	$257.25M	$258.29M	$196.02M	$116.16M	$228.69M	$237.89M	$154.96M	$228.76M	$226.60M	$233.14M	$269.73M	$238.15M	$263.98M	$264.05M	$20.86M	$279.13M	$265.95M
Low Forecast	$342.26M	$338.93M	$332.36M	$330.01M	$341.61M	$336.64M	$322.39M	$307.34M	$317.66M	$320.95M	$293.96M	$165.31M	$252.05M	$231.83M	$244.43M	$130.68M	$77.44M	$228.69M	$237.89M	$103.30M	$228.76M	$226.60M	$233.14M	$179.82M	$238.15M	$263.98M	$264.05M	$13.90M	$279.13M	$265.95M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.24%	-0.65%	1.45%	1.61%	1.22%	0.16%	1.27%	0.84%	1.10%	1.11%	1.06%	1.47%	2.75%	-0.24%	1.04%	1.21%	-1.30%

5 analysts predict RIG's average Quarter EBITDA for Jun 23 to be $249.92M, with a high of $258.29M and a low of $244.43M. This is 5.45% upper than Transocean's previous annual EBITDA (Mar 23) of $237.00M.

Transocean Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	5	10	10	10	9	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-220.00M	$-165.00M	$-465.00M	$-350.00M	$-28.00M	$-68.00M	$-175.00M	$-260.00M	$-130.00M	$-103.00M	$-99.00M	$-37.00M	$359.00M	$-497.00M	$-392.00M	$-51.00M	$-825.00M
Avg Forecast	$46.47M	$70.00M	$57.15M	$52.12M	$75.11M	$52.74M	$21.37M	$-14.80M	$5.50M	$-40.81M	$-97.43M	$-219.16M	$-214.77M	$-207.67M	$-125.07M	$-173.25M	$-131.08M	$-148.95M	$-109.92M	$-136.96M	$-78.59M	$-126.84M	$-125.70M	$-93.50M	$-150.27M	$-104.37M	$-230.97M	$-378.48M	$-252.25M	$-308.26M
High Forecast	$48.50M	$73.05M	$59.64M	$54.39M	$78.38M	$55.04M	$22.30M	$-7.40M	$13.75M	$-39.65M	$-94.65M	$-175.33M	$-165.95M	$-153.49M	$-121.50M	$-138.60M	$-104.87M	$-148.95M	$-109.92M	$-109.57M	$-78.59M	$-126.84M	$-125.70M	$-74.80M	$-150.27M	$-104.37M	$-230.97M	$-302.79M	$-252.25M	$-308.26M
Low Forecast	$45.15M	$68.01M	$55.52M	$50.63M	$72.96M	$51.24M	$20.76M	$-25.91M	$-8.25M	$-42.59M	$-101.67M	$-262.99M	$-253.82M	$-252.81M	$-130.52M	$-207.90M	$-157.30M	$-148.95M	$-109.92M	$-164.35M	$-78.59M	$-126.84M	$-125.70M	$-112.20M	$-150.27M	$-104.37M	$-230.97M	$-454.18M	$-252.25M	$-308.26M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06%	1.32%	2.68%	2.67%	0.19%	0.62%	1.28%	3.31%	1.02%	0.82%	1.06%	0.25%	-3.44%	2.15%	1.04%	0.20%	2.68%

Transocean's average Quarter net income forecast for Dec 20 is $-150.27M, with a range of $-150.27M to $-150.27M. RIG's average Quarter net income forecast represents a -141.86% decrease compared to the company's last Quarter net income of $359.00M (Sep 20).

Transocean SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	5	10	10	10	9	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$44.00M	$48.00M	$45.00M	$55.00M	$42.00M	$43.00M	$42.00M	$49.00M	$40.00M	$39.00M	$39.00M	$50.00M	$45.00M	$45.00M	$43.00M	$54.00M	$45.00M
Avg Forecast	$66.20M	$65.56M	$64.28M	$63.83M	$66.07M	$65.11M	$62.36M	$58.44M	$61.98M	$60.97M	$55.62M	$52.60M	$48.89M	$46.33M	$47.28M	$41.58M	$24.70M	$43.26M	$45.00M	$32.87M	$43.28M	$42.87M	$44.10M	$36.83M	$45.05M	$49.94M	$49.95M	$41.52M	$52.80M	$50.31M
High Forecast	$68.42M	$67.75M	$66.44M	$65.97M	$68.29M	$67.29M	$64.44M	$58.67M	$64.59M	$61.23M	$55.63M	$63.12M	$50.66M	$48.67M	$48.86M	$49.90M	$29.64M	$43.26M	$45.00M	$39.44M	$43.28M	$42.87M	$44.10M	$44.20M	$45.05M	$49.94M	$49.95M	$49.82M	$52.80M	$50.31M
Low Forecast	$64.75M	$64.12M	$62.87M	$62.43M	$64.62M	$63.68M	$60.99M	$58.14M	$60.09M	$60.72M	$55.61M	$42.08M	$47.68M	$43.86M	$46.24M	$33.26M	$19.76M	$43.26M	$45.00M	$26.30M	$43.28M	$42.87M	$44.10M	$29.47M	$45.05M	$49.94M	$49.95M	$33.21M	$52.80M	$50.31M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	1.02%	1.08%	2.23%	0.97%	0.96%	1.28%	1.13%	0.93%	0.88%	1.06%	1.11%	0.90%	0.90%	1.04%	1.02%	0.89%

Transocean's average Quarter SG&A projection for Dec 23 is $48.89M, based on 3 Wall Street analysts, with a range of $47.68M to $50.66M. The forecast indicates a 11.12% rise compared to RIG last annual SG&A of $44.00M (Sep 23).

Transocean EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	5	10	10	10	9	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.28	$-0.22	$-0.64	$-0.55	$-0.04	$-0.10	$-0.26	$-0.40	$-0.20	$-0.17	$-0.16	$-0.06	$0.58	$-0.81	$-0.64	$-0.08	$-1.35
Avg Forecast	$0.05	$0.08	$0.06	$0.06	$0.08	$0.06	$0.02	$-0.02	$0.01	$-0.04	$-0.11	$-0.15	$-0.23	$-0.23	$-0.14	$-0.22	$-0.22	$-0.18	$-0.13	$-0.24	$-0.10	$-0.15	$-0.15	$-0.17	$-0.18	$-0.13	$-0.28	$-0.29	$-0.31	$-0.37
High Forecast	$0.05	$0.08	$0.07	$0.06	$0.09	$0.06	$0.02	$-0.01	$0.02	$-0.04	$-0.10	$-0.15	$-0.18	$-0.17	$-0.13	$-0.21	$-0.21	$-0.18	$-0.13	$-0.24	$-0.10	$-0.15	$-0.15	$-0.17	$-0.18	$-0.13	$-0.28	$-0.29	$-0.31	$-0.37
Low Forecast	$0.05	$0.07	$0.06	$0.06	$0.08	$0.06	$0.02	$-0.03	$-0.01	$-0.05	$-0.11	$-0.16	$-0.28	$-0.28	$-0.14	$-0.23	$-0.23	$-0.18	$-0.13	$-0.24	$-0.10	$-0.15	$-0.15	$-0.17	$-0.18	$-0.13	$-0.28	$-0.29	$-0.31	$-0.37
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.23%	1.61%	2.95%	2.54%	0.22%	0.74%	1.08%	4.19%	1.30%	1.11%	0.93%	0.33%	-4.58%	2.89%	2.23%	0.27%	3.61%

According to 5 Wall Street analysts, Transocean's projected average Quarter EPS for Dec 20 is $-0.18, with a low estimate of $-0.18 and a high estimate of $-0.18. This represents a -131.44% decrease compared to RIG previous annual EPS of $0.58 (Sep 20).

RIG Forecast FAQ

Is Transocean a good buy?

Yes, according to 19 Wall Street analysts, Transocean (RIG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 73.68% of RIG's total ratings.

What is RIG's price target?

Transocean (RIG) average price target is $6.12 with a range of $3 to $12, implying a 44.34% from its last price of $4.24. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Transocean stock go up soon?

According to Wall Street analysts' prediction for RIG stock, the company can go up by 44.34% (from the last price of $4.24 to the average price target of $6.12), up by 183.02% based on the highest stock price target, and down by -29.25% based on the lowest stock price target.

Can Transocean stock reach $6?

RIG's average twelve months analyst stock price target of $6.12 supports the claim that Transocean can reach $6 in the near future.

What are Transocean's analysts' financial forecasts?

Transocean's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.91B (high $4.01B, low $3.83B), average EBITDA is $1.33B (high $1.37B, low $1.31B), average net income is $134.42M (high $148.32M, low $119.06M), average SG&A $251.98M (high $258.69M, low $247.44M), and average EPS is $0.147 (high $0.162, low $0.13). RIG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.03B (high $4.16B, low $3.94B), average EBITDA is $1.37B (high $1.42B, low $1.34B), average net income is $225.75M (high $235.58M, low $219.31M), average SG&A $259.87M (high $268.57M, low $254.17M), and average EPS is $0.247 (high $0.257, low $0.24).

Did the RIG's actual financial results beat the analysts' financial forecasts?

Based on Transocean's last annual report (Dec 2022), the company's revenue was $2.58B, which missed the average analysts forecast of $2.59B by -0.74%. Apple's EBITDA was $853M, beating the average prediction of $692.51M by 23.17%. The company's net income was $-621M, beating the average estimation of $-527M by 17.86%. Apple's SG&A was $182M, beating the average forecast of $145.84M by 24.79%. Lastly, the company's EPS was $-0.97, beating the average prediction of $-0.771 by 25.80%. In terms of the last quarterly report (Sep 2023), Transocean's revenue was $713M, missing the average analysts' forecast of $718.06M by -0.70%. The company's EBITDA was $-303M, missing the average prediction of $244.9M by -223.72%. Transocean's net income was $-220M, beating the average estimation of $-208M by 5.94%. The company's SG&A was $44M, missing the average forecast of $46.33M by -5.03%. Lastly, the company's EPS was $-0.28, beating the average prediction of $-0.227 by 23.37%