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Transocean ( (RIG) ) has issued an announcement.
On August 27, 2025, Transocean Ltd. announced its decision to sell several rigs, including Discoverer Clear Leader and Discoverer Americas, for recycling or alternative use. This move is expected to result in a non-cash charge of approximately $1.9 billion in the third quarter of 2025, impacting the company’s financial results and possibly its market positioning.
The most recent analyst rating on (RIG) stock is a Hold with a $3.00 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 is primarily influenced by its financial performance challenges and valuation concerns. Technical analysis provides some positive momentum, while the earnings call offers a cautiously optimistic outlook with strong backlog and cost management. However, profitability issues and negative valuation metrics weigh heavily 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 related to the exploration and production of oil and natural gas. The company focuses on drilling rigs and related services, catering to the global energy market.
Average Trading Volume: 34,168,575
Technical Sentiment Signal: Sell
Current Market Cap: $2.87B
For a thorough assessment of RIG stock, go to TipRanks’ Stock Analysis page.