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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 $5.00 (represents a 34.59% upside from RIG’s last price of $3.71) 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 $5.00 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $5.50 to $4.50. This represents a potential 34.59% upside from RIG's last price of $3.71.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 12, 2024Scott GruberCitigroup$4.50$4.0411.39%21.13%
Sep 02, 2024Martin Huseby KarlsenLoop Capital Markets$5.50$4.7416.03%48.05%
Apr 02, 2024Greg LewisBTIG$12.00$6.3788.38%223.01%
Mar 14, 2022Charles MinervinoSusquehanna$5.60$4.1435.27%50.74%
Mar 07, 2022Ian MacphersonPiper Sandler$3.00$4.95-39.39%-19.25%

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 21.13% increase from RIG last price ($3.71).

Transocean Price Target by Period

1M3M12M
# Anlaysts--3
Avg Price Target--$7.33
Last Closing Price$3.71$3.71$3.71
Upside/Downside-100.00%-100.00%97.31%

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 $3.71. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024BenchmarkBuyHoldDowngrade
Oct 03, 2024Morgan StanleyEqual-WeightUnderperformDowngrade
Oct 03, 2024Piper SandlerOverweightOverweightHold
Oct 03, 2024Deutsche BankBuyBuyHold
Oct 03, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 12, 2024CitigroupBuyNeutralDowngrade
Sep 02, 2024DNB MarketsBuyUpgrade
Apr 02, 2024BTIGBuyBuyHold
Jul 05, 2023CitigroupBuyUpgrade
Mar 22, 2023Wolfe ResearchOutperformUpgrade
Mar 22, 2023GuggenheimBuyUpgrade
Mar 22, 2023BMO CapitalMarket PerformDowngrade
Mar 22, 2023Goldman SachsAbove AverageSellDowngrade
Mar 22, 2023Argus ResearchBuyUpgrade
Mar 22, 2023SusquehannaNeutralPositiveUpgrade
Mar 22, 2023Raymond JamesOutperformUpgrade
Mar 22, 2023Loop Capital MarketsBuyUpgrade
Mar 22, 2023B. Riley SecuritiesBuyUpgrade
Mar 22, 2023Compass PointSellDowngrade
Mar 22, 2023BernsteinUnderperformDowngrade
Mar 22, 2023Clarksons PlatouBuyUpgrade
Mar 10, 2023BenchmarkBuyBuyHold
Nov 18, 2022Piper SandlerNeutralNeutralHold
Oct 06, 2022BarclaysOverweightUpgrade
Sep 06, 2022Piper SandlerNeutralOverweightUpgrade
Sep 06, 2022Wells FargoOverweightUpgrade
Sep 06, 2022BTIGBuyUpgrade
Mar 14, 2022SusquehannaNeutralNeutralHold
Mar 07, 2022Piper SandlerNeutralNeutralHold
Jul 01, 2021Goldman SachsAbove AverageAbove AverageHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$968.60M$902.79M$961.51M$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$998.89M$924.70M$965.92M$949.02M$862.14M$781.70M$785.13M$754.27M$755.67M$661.48M$637.13M$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$996.55M$986.87M$967.72M$960.88M$994.67M$978.30M$940.79M$866.38M$958.40M$941.02M$861.90M$781.36M$739.02M$679.74M$711.72M$623.00M$600.07M$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
# Analysts33334446631131159544755107510101099
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33334446631131159544755107510101099
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$289.82M$287.00M$281.43M$279.44M$289.27M$284.51M$273.60M$255.01M$271.60M$266.94M$243.49M$206.64M$214.04M$202.83M$206.98M$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$298.88M$295.98M$290.23M$288.18M$298.31M$293.40M$282.16M$261.20M$272.84M$268.07M$243.53M$247.97M$221.77M$213.06M$213.45M$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$281.50M$278.76M$273.35M$271.42M$280.96M$276.34M$265.74M$244.72M$270.72M$265.81M$243.46M$165.31M$208.75M$192.00M$201.04M$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 %--------------1.49%-0.79%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 $206.98M, with a high of $213.45M and a low of $201.04M. This is -12.67% lower than Transocean's previous annual EBITDA (Mar 23) of $237.00M.

Transocean Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33334446631131159544755107510101099
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$48.45M$72.99M$59.59M$54.34M$78.31M$56.07M$22.18M$-18.22M$2.78M$-42.55M$-101.58M$-219.16M$-223.92M$-216.52M$-130.40M$-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$50.42M$75.95M$62.01M$56.55M$81.49M$58.35M$23.08M$91.12M$6.95M$-40.96M$-97.79M$-175.33M$-173.03M$-160.03M$-125.54M$-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$46.64M$70.26M$57.37M$52.31M$75.38M$53.98M$21.35M$-91.12M$-4.17M$-44.28M$-105.71M$-262.99M$-264.64M$-263.59M$-135.71M$-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 %-------------1.02%1.27%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33334446631131159544755107510101099
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$64.99M$62.50M$58.25M$62.04M$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$68.27M$67.61M$66.29M$65.83M$68.14M$67.02M$64.45M$59.66M$62.32M$61.23M$55.63M$63.12M$50.66M$48.67M$48.76M$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$64.30M$63.67M$62.44M$62.00M$64.18M$63.12M$60.70M$55.90M$61.84M$60.72M$55.61M$42.08M$47.68M$43.86M$45.92M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33334446631131159544755107510101099
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-$-0.04$-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$0.10$0.01$-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$0.05$0.08$0.06$0.02$-0.10$-0.00$-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 $5 with a range of $4.5 to $5.5, implying a 34.59% from its last price of $3.71. 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 34.59% (from the last price of $3.71 to the average price target of $5), up by 48.05% based on the highest stock price target, and up by 21.13% based on the lowest stock price target.

Can Transocean stock reach $6?

RIG's average twelve months analyst stock price target of $5 does not support 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 $3.9B (high $4.02B, low $3.78B), average EBITDA is $1.1B (high $1.14B, low $1.07B), average net income is $138.33M (high $254.04M, low $59.6M), average SG&A $251.8M (high $259.27M, low $243.9M), and average EPS is $0.145 (high $0.266, low $0.0625). RIG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.03B (high $4.15B, low $3.91B), average EBITDA is $1.14B (high $1.17B, low $1.11B), average net income is $235.37M (high $244.94M, low $226.58M), average SG&A $259.87M (high $268M, low $252.41M), and average EPS is $0.247 (high $0.257, low $0.238).

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 $202.83M by -249.39%. Transocean's net income was $-220M, beating the average estimation of $-217M by 1.61%. 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%