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Transocean ( (RIG) ) just unveiled an announcement.
On November 18, 2025, Transocean Ltd. announced contract fixtures for one ultra-deepwater drillship and two harsh environment semisubmersibles, totaling approximately $89 million in firm contract backlog. The contracts include a 90-day option exercised by Petrobras in Brazil, a two-well option in Norway, and a one-well option in Romania, reflecting Transocean’s strong market positioning and potential positive impact on its operational backlog.
The most recent analyst rating on (RIG) stock is a Hold with a $4.25 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 technical strengths. The most significant factor is the company’s financial performance, which shows ongoing profitability issues despite some cash flow improvements. Technical analysis indicates strong bullish momentum, but overbought signals suggest caution. Valuation remains a concern due to negative earnings and lack of dividends. The earnings call provided some positive insights, particularly in debt reduction, but also highlighted operational challenges.
To see Spark’s full report on RIG stock, click here.
More about Transocean
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in ultra-deepwater and harsh environment drilling services. The company operates the highest specification floating offshore drilling fleet globally, consisting of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters.
Average Trading Volume: 45,903,690
Technical Sentiment Signal: Hold
Current Market Cap: $4.42B
See more data about RIG stock on TipRanks’ Stock Analysis page.