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Transocean (RIG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RIG Stock Forecast

Transocean (RIG) stock forecast, based on 19 Wall Street analysts, predicts a 12-month average price target of $5.00, with a high of $5.50 and a low of $4.50. This represents a 30.55% increase from the last price of $3.83.

High: $5.5 Avg: $5 Low: $4.5 Last Closed Price: $3.83

RIG Stock Rating

Transocean stock's rating consensus is Buy, based on 19 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 14 Buy (73.68%), 3 Hold (15.79%), 2 Sell (10.53%), and 0 Strong Sell (0.00%).

Buy
Total 19 0 2 3 14 Strong Sell Sell Hold Buy Strong Buy

RIG Forecast vs Benchmarks

TypeNameUpside
StockTransocean30.55%
SectorEnergy Stocks 25.44%
IndustryOil & Gas Drilling Stocks48.28%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$7.33
Last Closing Price$3.83$3.83$3.83
Upside/Downside--91.38%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25159-116
Dec, 24159-217
Nov, 24212147237
Oct, 24312147238
Sep, 24312147238
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 12, 2024Scott GruberCitigroup$4.50$4.0411.39%17.49%
Sep 02, 2024Martin Huseby KarlsenLoop Capital Markets$5.50$4.7416.03%43.60%
Apr 02, 2024Greg LewisBTIG$12.00$6.3788.38%213.32%
Mar 14, 2022Charles MinervinoSusquehanna$5.60$4.1435.27%46.21%
Mar 07, 2022Ian MacphersonPiper Sandler$3.00$4.95-39.39%-21.67%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Dec 18, 2024BarclaysOverweightOverweightupgrade
Oct 15, 2024BenchmarkBuyHolddowngrade
Oct 03, 2024Morgan StanleyEqual-WeightUnderperformdowngrade
Oct 03, 2024Morgan StanleyEqual-WeightEqual-Weighthold
Sep 12, 2024CitigroupBuyNeutraldowngrade
Sep 02, 2024DNB MarketsBuyupgrade
Apr 02, 2024BTIGBuyBuyhold
Jul 05, 2023CitigroupBuyupgrade
Mar 22, 2023GuggenheimBuyupgrade
Mar 22, 2023Clarksons PlatouBuyupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-0.92$-0.93$-0.97$-1.24----
Avg Forecast$-0.69$-0.38$-0.58$-0.99$-0.03$0.14$0.24$0.25
High Forecast$-0.72$-0.40$-0.58$-1.10$-0.04$0.02$0.18$0.24
Low Forecast$-0.67$-0.37$-0.57$-0.68-$0.25$0.32$0.25
Surprise %33.33%144.74%67.24%25.25%----

Revenue Forecast

$3B $3B $3B $3B $4B $4B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$3.15B$2.56B$2.58B$2.83B----
Avg Forecast$3.17B$2.72B$2.64B$2.90B$3.53B$3.87B$3.97B$3.95B
High Forecast$3.10B$2.66B$2.60B$2.88B$3.48B$3.85B$3.96B$3.95B
Low Forecast$3.26B$2.80B$2.66B$2.92B$3.54B$3.88B$3.98B$3.95B
Surprise %-0.55%-6.04%-2.31%-2.19%----

Net Income Forecast

$-2B $-1B $-700M $-300M $100M $500M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-568.00M$-591.00M$-621.00M$-954.00M----
Avg Forecast$-434.66M$-400.69M$-485.35M$-954.00M$-18.15M$163.81M$192.83M$189.32M
High Forecast$-687.29M$-480.83M$-582.42M$-1.14B$-34.29M$18.88M$137.79M$186.72M
Low Forecast$-182.04M$-320.55M$-388.28M$-763.20M$-2.02M$188.75M$247.88M$191.92M
Surprise %30.68%47.49%27.95%-----

RIG Forecast FAQ

Is Transocean stock a buy?

Transocean stock has a consensus rating of Buy, based on 19 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 14 Buy, 3 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that Transocean is a favorable investment for most analysts.

What is Transocean's price target?

Transocean's price target, set by 19 Wall Street analysts, averages $5 over the next 12 months. The price target range spans from $4.5 at the low end to $5.5 at the high end, suggesting a potential 30.55% change from the previous close price of $3.83.

How does Transocean stock forecast compare to the average forecast of its sector, industry, and investment themes?

Transocean stock forecast shows a 30.55% upside, outperforming the average forecast for the energy stocks sector (25.44%) and underperforming the oil & gas drilling stocks industry (48.28%).

What is the breakdown of analyst ratings for Transocean over the past three months?

  • January 2025: 6.25% Strong Buy, 31.25% Buy, 56.25% Hold, 0% Sell, 6.25% Strong Sell.
  • December 2024: 5.88% Strong Buy, 29.41% Buy, 52.94% Hold, 0% Sell, 11.76% Strong Sell.
  • November 2024: 5.41% Strong Buy, 32.43% Buy, 37.84% Hold, 18.92% Sell, 5.41% Strong Sell.

What is Transocean’s EPS forecast?

Transocean's average annual EPS forecast for its fiscal year ending in December is -0.03 for 2024, a -97.58% decrease from the reported $-1.24 in 2023. The prediction for 2025 is $0.14, $0.24 for 2026, and $0.25 for 2027.

What is Transocean’s revenue forecast?

Transocean's average annual revenue forecast for its fiscal year ending in December is $3.53B for 2024, a 24.74% increase from the reported $2.83B in 2023. The forecast for 2025 is $3.87B, $3.97B for 2026, and $3.95B for 2027.

What is Transocean’s net income forecast?

For its fiscal year ending in December, Transocean's average annual net income forecast is $-18.153M for 2024, reflecting a -98.10% decrease from the reported $-954M in 2023. The projection for 2025 is $163.81M, $192.83M for 2026, and $189.32M for 2027.