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NYSE: RIG
Transocean Ltd Stock Forecast, Predictions & Price Target

Analyst price target for RIG

Based on 8 analysts offering 12 month price targets for Transocean Ltd.
Min Forecast
$6.00+10.91%
Avg Forecast
$7.00+29.39%
Max Forecast
$9.00+66.36%

Should I buy or sell RIG stock?

Based on 8 analysts offering ratings for Transocean Ltd.
Buy
Strong Buy
3 analysts 37.5%
Buy
1 analysts 12.5%
Hold
3 analysts 37.5%
Sell
1 analysts 12.5%
Strong Sell
0 analysts 0%

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RIG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-01
lockedlocked$00.00+00.00%2024-04-30
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-08
lockedlocked$00.00+00.00%2024-03-11
Morgan Stanley
Bottom 21%
21
HoldMaintains$7.00+29.39%2024-02-26
Barclays
Top 14%
87
HoldMaintains$6.00+10.91%2024-02-22
Citigroup
Top 16%
85
Strong BuyMaintains$7.00+29.39%2024-02-21

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Forecast return on equity

Is RIG forecast to generate an efficient return?
Company
4.71%
Industry
9.99%
Market
62.9%
RIG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is RIG forecast to generate an efficient return on assets?
Company
2.49%
Industry
5.2%
RIG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

RIG earnings per share forecast

What is RIG's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
-$0.01
Avg 2 year Forecast
$0.34
Avg 3 year Forecast
$0.61

RIG revenue forecast

What is RIG's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$3.6B+22.97%
Avg 2 year Forecast
$4.0B+35.26%
Avg 3 year Forecast
$4.1B+38.47%
RIG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RIG revenue growth forecast

How is RIG forecast to perform vs Oil & Gas Drilling companies and vs the US market?
Company
15.18%
Industry
9.85%
Market
9.21%
RIG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RIG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RIG vs Oil & Gas Drilling Stocks

TickerPricePrice TargetUp/downsideConsensus
RIG$5.41$7.00+29.39%Buy
PTEN$10.10$14.86+47.10%Strong Buy
SDRL$49.41$71.00+43.70%Strong Buy
HP$34.16$42.00+22.95%Hold
NE$44.82$57.25+27.73%Strong Buy

Transocean Stock Forecast FAQ

Is Transocean Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: RIG) stock is to Buy RIG stock.

Out of 8 analysts, 3 (37.5%) are recommending RIG as a Strong Buy, 1 (12.5%) are recommending RIG as a Buy, 3 (37.5%) are recommending RIG as a Hold, 1 (12.5%) are recommending RIG as a Sell, and 0 (0%) are recommending RIG as a Strong Sell.

If you're new to stock investing, here's how to buy Transocean stock.

What is RIG's earnings growth forecast for 2024-2026?

(NYSE: RIG) Transocean's forecast annual earnings growth rate of N/A is not forecast to beat the US Oil & Gas Drilling industry's average forecast earnings growth rate of 3.56%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.23%.

Transocean's earnings in 2024 is -$391,000,000.On average, 8 Wall Street analysts forecast RIG's earnings for 2024 to be -$4,097,898, with the lowest RIG earnings forecast at -$114,741,153, and the highest RIG earnings forecast at $188,503,323. On average, 8 Wall Street analysts forecast RIG's earnings for 2025 to be $279,722,540, with the lowest RIG earnings forecast at $131,132,746, and the highest RIG earnings forecast at $688,446,919.

In 2026, RIG is forecast to generate $495,845,697 in earnings, with the lowest earnings forecast at $491,747,799 and the highest earnings forecast at $499,943,596.

What is RIG's revenue growth forecast for 2024-2026?

(NYSE: RIG) Transocean's forecast annual revenue growth rate of 15.18% is forecast to beat the US Oil & Gas Drilling industry's average forecast revenue growth rate of 9.85%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.21%.

Transocean's revenue in 2024 is $2,946,000,000.On average, 4 Wall Street analysts forecast RIG's revenue for 2024 to be $2,969,053,551,731, with the lowest RIG revenue forecast at $2,913,064,786,496, and the highest RIG revenue forecast at $3,049,655,933,465. On average, 4 Wall Street analysts forecast RIG's revenue for 2025 to be $3,265,783,189,024, with the lowest RIG revenue forecast at $3,148,005,493,265, and the highest RIG revenue forecast at $3,426,288,031,458.

In 2026, RIG is forecast to generate $3,343,358,863,055 in revenue, with the lowest revenue forecast at $3,289,366,593,884 and the highest revenue forecast at $3,397,351,951,806.

What is RIG's forecast return on assets (ROA) for 2024-2026?

(NYSE: RIG) forecast ROA is 2.49%, which is lower than the forecast US Oil & Gas Drilling industry average of 5.2%.

What is RIG's Price Target?

According to 8 Wall Street analysts that have issued a 1 year RIG price target, the average RIG price target is $7.00, with the highest RIG stock price forecast at $9.00 and the lowest RIG stock price forecast at $6.00.

On average, Wall Street analysts predict that Transocean's share price could reach $7.00 by May 1, 2025. The average Transocean stock price prediction forecasts a potential upside of 29.39% from the current RIG share price of $5.41.

What is RIG's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: RIG) Transocean's current Earnings Per Share (EPS) is -$0.49. On average, analysts forecast that RIG's EPS will be -$0.01 for 2024, with the lowest EPS forecast at -$0.14, and the highest EPS forecast at $0.23. On average, analysts forecast that RIG's EPS will be $0.34 for 2025, with the lowest EPS forecast at $0.16, and the highest EPS forecast at $0.84. In 2026, RIG's EPS is forecast to hit $0.61 (min: $0.60, max: $0.61).

What is RIG's forecast return on equity (ROE) for 2024-2026?

(NYSE: RIG) forecast ROE is 4.71%, which is considered weak.
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