Transocean Plans Rig Disposal Amid Asset Impairment

Transocean ( (RIG) ) just unveiled an update.

On June 3, 2025, Transocean Ltd. announced its intention to dispose of certain drilling rigs, anticipating a non-cash charge of $1.1 billion to $1.2 billion in its second quarter results due to asset impairment. At the 2025 Annual General Meeting held on May 30, shareholders approved several proposals, including amendments to the Long-Term Incentive Plan and changes to the Articles of Association, impacting the company’s share capital and governance structure.

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 is primarily driven by its financial performance challenges, including persistent net losses and declining revenue. Positive factors include strong gross margins and improved cash flow management. The technical analysis shows mixed signals, with the stock trading below key moving averages. Valuation is complicated by negative earnings and the lack of dividends. The earnings call and recent corporate events provide some optimism with strong backlog and potential cost savings initiatives.

To see Spark’s full report on RIG stock, click here.

More about Transocean

Transocean Ltd. is a leading offshore drilling contractor specializing in deepwater and harsh-environment drilling services. The company provides drilling rigs and related services to the oil and gas industry worldwide, focusing on high-specification floaters.

Average Trading Volume: 40,985,533

Technical Sentiment Signal: Sell

Current Market Cap: $2.25B

Find detailed analytics on RIG stock on TipRanks’ Stock Analysis page.