Transocean (RIG) Stock Forecast, Price Target & Predictions
RIG Stock Forecast
Transocean stock forecast is as follows: an average price target of $6.12 (represents a 48.18% upside from RIG’s last price of $4.13) and a rating consensus of 'Buy', based on 18 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 18 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $3.00. This represents a potential 48.18% upside from RIG's last price of $4.13.
RIG Analyst Ratings
According to 18 Wall Street analysts, Transocean's rating consensus is 'Buy'. The analyst rating breakdown for RIG stock is 0 'Strong Buy' (0.00%), 13 'Buy' (72.22%), 3 'Hold' (16.67%), 2 'Sell' (11.11%), 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% | 8.96% |
| Sep 02, 2024 | Martin Huseby Karlsen | Loop Capital Markets | $5.50 | $4.74 | 16.03% | 33.17% |
| Apr 02, 2024 | Greg Lewis | BTIG | $12.00 | $6.37 | 88.38% | 190.56% |
| Mar 14, 2022 | Charles Minervino | Susquehanna | $5.60 | $4.14 | 35.27% | 35.59% |
| Mar 07, 2022 | Ian Macpherson | Piper Sandler | $3.00 | $4.95 | -39.39% | -27.36% |
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 8.96% increase from RIG last price ($4.13).
Transocean Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 3 |
| Avg Price Target | $5.00 | $5.00 | $7.33 |
| Last Closing Price | $4.13 | $4.13 | $4.13 |
| Upside/Downside | 21.07% | 21.07% | 77.48% |
In the current month, the average price target of Transocean stock is $5.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 21.07% increase as opposed to Transocean's last price of $4.13. This month's average price target is down 0.00% compared to last quarter, and down -31.79% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 | Goldman Sachs | Above Average | Sell | Downgrade |
| Mar 22, 2023 | Argus Research | - | Buy | Upgrade |
| Mar 22, 2023 | Susquehanna | Neutral | Positive | Upgrade |
| Mar 22, 2023 | Compass Point | - | Sell | Downgrade |
| Mar 22, 2023 | Raymond James | - | Outperform | Upgrade |
| Mar 22, 2023 | Loop Capital Markets | - | Buy | Upgrade |
Transocean's last stock rating was published by Citigroup on Sep 12, 2024. The company Downgrade its RIG rating from "Buy" to "Neutral".
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 | Jul 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 | - | $586.00M | $621.00M | $626.00M | $656.00M | $653.00M | $690.00M | $773.00M | $930.00M | $759.00M | $792.00M | $784.00M |
| Avg Forecast | $972.13M | $964.29M | $1.02B | $1.02B | $1.03B | $1.03B | $991.28M | $969.72M | $984.82M | $947.43M | $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 | $1.01B | $1.00B | $1.06B | $1.06B | $1.07B | $1.07B | $1.03B | $1.01B | $1.02B | $947.73M | $896.23M | $812.55M | $785.13M | $754.27M | $761.84M | $666.88M | $642.33M | $697.14M | $697.50M | $627.91M | $692.36M | $685.83M | $705.63M | $682.55M | $720.80M | $798.96M | $799.18M | $828.62M | $844.81M | $804.92M |
| Low Forecast | $956.16M | $948.45M | $998.70M | $1.00B | $1.02B | $1.01B | $975.00M | $953.79M | $968.65M | $947.15M | $847.86M | $768.70M | $739.02M | $679.74M | $720.72M | $630.88M | $607.66M | $659.51M | $697.50M | $584.45M | $644.45M | $638.36M | $656.79M | $635.32M | $670.91M | $743.66M | $743.87M | $771.28M | $786.34M | $749.22M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.01% | 0.98% | 1.03% | - | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-303.00M | $-163.00M | $237.00M | $156.00M | $280.00M | - | $164.00M | $192.00M | $249.00M | $259.00M | $238.00M | $349.00M | $727.00M | $-63.00M | $18.00M | $339.00M | $-345.00M |
| Avg Forecast | $331.56M | $328.88M | $346.31M | $347.16M | $352.54M | $351.36M | $338.09M | $330.74M | $335.89M | $323.13M | $294.00M | $206.64M | $258.44M | $244.90M | $249.92M | $163.35M | $210.71M | $255.93M | $237.89M | $129.13M | $88.00M | $202.31M | $207.20M | $224.78M | $251.47M | $263.98M | $-56.25M | $17.38M | $211.31M | $-362.25M |
| High Forecast | $344.72M | $341.94M | $360.05M | $360.94M | $366.54M | $365.31M | $351.51M | $343.86M | $349.22M | $323.24M | $305.67M | $247.97M | $267.78M | $257.25M | $259.84M | $196.02M | $219.07M | $307.11M | $237.89M | $154.96M | $105.60M | $242.78M | $248.64M | $269.73M | $301.76M | $272.50M | $-45.00M | $20.86M | $253.57M | $-289.80M |
| Low Forecast | $326.11M | $323.48M | $340.62M | $341.46M | $346.76M | $345.59M | $332.54M | $325.30M | $330.37M | $323.04M | $289.17M | $165.31M | $252.05M | $231.83M | $245.81M | $130.68M | $207.25M | $204.74M | $237.89M | $103.30M | $70.40M | $161.85M | $165.76M | $179.82M | $201.17M | $253.64M | $-67.50M | $13.90M | $169.05M | $-434.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.24% | -0.65% | 1.45% | 0.74% | 1.09% | - | 1.27% | 2.18% | 1.23% | 1.25% | 1.06% | 1.39% | 2.75% | 1.12% | 1.04% | 1.60% | 0.95% |
5 analysts predict RIG's average Quarter EBITDA for Jun 23 to be $249.92M, with a high of $259.84M and a low of $245.81M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-220.00M | $-165.00M | $-465.00M | $-350.00M | $-28.00M | - | $-175.00M | $-260.00M | $-130.00M | $-103.00M | $-99.00M | $-37.00M | $359.00M | $-497.00M | $-392.00M | $-51.00M | $-825.00M |
| Avg Forecast | $37.78M | $61.61M | $53.27M | $66.50M | $101.15M | $85.18M | $54.61M | $44.72M | $32.10M | $-27.90M | $-87.74M | $-219.16M | $-193.41M | $-187.02M | $-112.63M | $-173.25M | $-178.40M | $-133.62M | $-127.40M | $-136.96M | $-119.17M | $-105.63M | $-82.40M | $-93.50M | $-26.66M | $414.23M | $-443.75M | $-378.48M | $-31.79M | $-866.25M |
| High Forecast | $39.73M | $64.79M | $56.01M | $69.93M | $106.37M | $89.57M | $57.43M | $47.03M | $33.76M | $-20.93M | $-85.87M | $-175.33M | $-149.45M | $-138.23M | $-110.23M | $-138.60M | $-174.59M | $-106.89M | $-127.40M | $-109.57M | $-95.33M | $-84.50M | $-65.92M | $-74.80M | $-21.33M | $497.08M | $-355.00M | $-302.79M | $-25.43M | $-693.00M |
| Low Forecast | $36.98M | $60.29M | $52.13M | $65.08M | $99.00M | $83.36M | $53.44M | $43.76M | $31.41M | $-41.85M | $-92.26M | $-262.99M | $-228.58M | $-227.67M | $-118.44M | $-207.90M | $-187.60M | $-160.34M | $-127.40M | $-164.35M | $-143.00M | $-126.75M | $-98.88M | $-112.20M | $-31.99M | $331.38M | $-532.50M | $-454.18M | $-38.15M | $-1.04B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.46% | 2.68% | 1.96% | 0.21% | - | 1.28% | 2.18% | 1.23% | 1.25% | 1.06% | 1.39% | 0.87% | 1.12% | 1.04% | 1.60% | 0.95% |
Transocean's average Quarter net income forecast for Dec 20 is $-26.66M, with a range of $-31.99M to $-21.33M. RIG's average Quarter net income forecast represents a -107.43% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.00M | $48.00M | $45.00M | $55.00M | $42.00M | - | $42.00M | $49.00M | $40.00M | $39.00M | $39.00M | $50.00M | $45.00M | $45.00M | $43.00M | $54.00M | $45.00M |
| Avg Forecast | $62.72M | $62.22M | $65.51M | $65.67M | $66.69M | $66.47M | $63.96M | $62.57M | $63.54M | $61.13M | $55.62M | $52.60M | $48.89M | $46.33M | $47.28M | $41.58M | $39.86M | $41.11M | $45.00M | $32.87M | $22.46M | $32.50M | $31.20M | $36.83M | $36.03M | $51.92M | $40.18M | $41.52M | $33.66M | $47.25M |
| High Forecast | $65.21M | $64.69M | $68.11M | $68.28M | $69.34M | $69.11M | $66.50M | $65.05M | $66.06M | $61.15M | $57.83M | $63.12M | $50.66M | $48.67M | $49.15M | $49.90M | $41.44M | $49.33M | $45.00M | $39.44M | $26.95M | $39.00M | $37.44M | $44.20M | $43.23M | $62.31M | $48.21M | $49.82M | $40.39M | $56.70M |
| Low Forecast | $61.69M | $61.20M | $64.44M | $64.60M | $65.60M | $65.38M | $62.91M | $61.54M | $62.50M | $61.11M | $54.71M | $42.08M | $47.68M | $43.86M | $46.50M | $33.26M | $39.21M | $32.89M | $45.00M | $26.30M | $17.97M | $26.00M | $24.96M | $29.47M | $28.82M | $41.54M | $32.14M | $33.21M | $26.93M | $37.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 1.02% | 1.08% | 1.38% | 1.02% | - | 1.28% | 2.18% | 1.23% | 1.25% | 1.06% | 1.39% | 0.87% | 1.12% | 1.04% | 1.60% | 0.95% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 1 | 3 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.28 | $-0.22 | $-0.64 | $-0.55 | $-0.04 | - | $-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 | $0.07 | $0.06 | $0.08 | $0.12 | $0.10 | $0.07 | $0.05 | $0.04 | $-0.03 | $-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 | $0.08 | $0.13 | $0.11 | $0.07 | $0.06 | $0.04 | $-0.03 | $-0.10 | $-0.15 | $-0.18 | $-0.17 | $-0.13 | $-0.21 | $-0.21 | $-0.18 | $-0.13 | $-0.23 | $-0.09 | $-0.15 | $-0.14 | $-0.16 | $-0.17 | $-0.12 | $-0.27 | $-0.27 | $-0.29 | $-0.36 |
| Low Forecast | $0.04 | $0.07 | $0.06 | $0.08 | $0.12 | $0.10 | $0.06 | $0.05 | $0.04 | $-0.05 | $-0.11 | $-0.16 | $-0.28 | $-0.28 | $-0.14 | $-0.23 | $-0.23 | $-0.19 | $-0.13 | $-0.25 | $-0.10 | $-0.16 | $-0.16 | $-0.18 | $-0.19 | $-0.13 | $-0.29 | $-0.30 | $-0.32 | $-0.39 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 1.61% | 2.95% | 2.54% | 0.22% | - | 1.08% | 4.19% | 1.30% | 1.11% | 0.93% | 0.33% | -4.58% | 2.89% | 2.23% | 0.27% | 3.61% |
According to 4 Wall Street analysts, Transocean's projected average Quarter EPS for Dec 20 is $-0.18, with a low estimate of $-0.19 and a high estimate of $-0.17. 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 18 Wall Street analysts, Transocean (RIG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 72.22% 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 48.18% from its last price of $4.13. The data is based on 18 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 48.18% (from the last price of $4.13 to the average price target of $6.12), up by 190.56% based on the highest stock price target, and down by -27.36% 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 is Transocean's current price target trend?
2 Wall Street analysts forecast a $5 price target for Transocean (RIG) this month, up 21.07% from its last price of $4.13. Compared to the last 3 and 12 months, the average price target increased by 21.07% and increased by 77.48%, respectively.
What are Transocean's analysts' financial forecasts?
Transocean's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.02B (high $4.18B, low $3.96B), average EBITDA is $1.37B (high $1.43B, low $1.35B), average net income is $285.66M (high $300.39M, low $279.56M), average SG&A $259.69M (high $270M, low $255.42M), and average EPS is $0.347 (high $0.365, low $0.339). RIG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.97B (high $4.13B, low $3.9B), average EBITDA is $1.35B (high $1.41B, low $1.33B), average net income is $219.15M (high $230.46M, low $214.47M), average SG&A $256.13M (high $266.29M, low $251.92M), and average EPS is $0.266 (high $0.28, low $0.26).
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 $833.66M by 2.32%. The company's net income was $-621M, beating the average estimation of $-576M by 7.74%. Apple's SG&A was $182M, beating the average forecast of $158.85M by 14.58%. 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 $-187M by 17.64%. 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%