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An update from Transocean ( (RIG) ) is now available.
Transocean Ltd. announced on June 4, 2025, that a two-well option for the Transocean Spitsbergen in Norway was exercised. This program is set to begin in the first quarter of 2026, directly following the current program, and is expected to add approximately $100 million to the company’s backlog, excluding additional services.
The most recent analyst rating on (RIG) stock is a Hold with a $5.00 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.
The most significant factor affecting Transocean’s score is its financial performance, where strong gross margins are overshadowed by persistent net losses and declining revenues. Technical analysis and valuation reflect mixed momentum and perceived risks due to ongoing losses. The earnings call provided a positive outlook with strong EBITDA and backlog, while corporate events highlight both challenges and opportunities with asset impairments and stable contracts. Investors should weigh the potential for recovery against current financial 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, with a fleet of 32 mobile offshore drilling units, including 24 ultra-deepwater floaters and eight harsh environment floaters.
Average Trading Volume: 41,304,934
Technical Sentiment Signal: Sell
Current Market Cap: $2.25B
For detailed information about RIG stock, go to TipRanks’ Stock Analysis page.