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Transocean ( (RIG) ) just unveiled an update.
On August 19, 2025, Transocean Ltd. completed transactions under previously announced Exchange Agreements with certain bondholders to optimize its capital structure. These agreements involved exchanging $39.7 million of 4.0% Senior Guaranteed Exchangeable Bonds for approximately 13.9 million shares and a small cash payment for accrued interest, leaving $37.3 million in bonds outstanding.
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 reflects a mix of financial challenges and positive operational developments. The most significant factors are the company’s profitability issues and negative valuation metrics, offset by strong backlog and market outlook. Technical indicators and recent corporate events provide additional support, but the financial performance remains a key area of concern.
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 focused on drilling oil and gas wells. The company is known for its fleet of offshore drilling rigs and has a significant presence in the global energy market.
Average Trading Volume: 35,390,657
Technical Sentiment Signal: Sell
Current Market Cap: $2.78B
See more insights into RIG stock on TipRanks’ Stock Analysis page.