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Transocean ( (RIG) ) has issued an update.
On August 11, 2025, Transocean Ltd. announced that its subsidiary, Transocean International Limited, entered into agreements to exchange approximately $39.7 million of its 4.0% Senior Guaranteed Exchangeable Bonds for company shares. This move is part of Transocean’s strategy to optimize its capital structure. The number of shares to be exchanged will be determined based on the volume-weighted average price over a five-day trading period, with a limit price set at $2.50 per share. The transactions are expected to close by the end of the trading period, subject to customary conditions.
The most recent analyst rating on (RIG) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Transocean stock, see the RIG Stock Forecast page.
Spark’s Take on RIG Stock
According to Spark, TipRanks’ AI Analyst, RIG is a Neutral.
Transocean’s overall stock score reflects a balance of moderate financial performance, positive technical indicators, and strategic initiatives highlighted in the earnings call. The company’s strong backlog and cost-saving measures are positive, but ongoing profitability challenges and valuation concerns weigh on the score.
To see Spark’s full report on RIG stock, click here.
More about Transocean
Transocean Ltd. operates in the offshore drilling industry, providing services primarily related to the operation of offshore drilling rigs. The company focuses on delivering high-quality drilling services to oil and gas companies worldwide.
Average Trading Volume: 37,465,680
Technical Sentiment Signal: Sell
Current Market Cap: $2.92B
For an in-depth examination of RIG stock, go to TipRanks’ Overview page.