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RIG
$3.84+Infinity%1D
Analyst Views on RIG
Wall Street analysts forecast RIG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIG is 3.95 USD with a low forecast of 3.50 USD and a high forecast of 4.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast RIG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIG is 3.95 USD with a low forecast of 3.50 USD and a high forecast of 4.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
3 Hold
1 Sell
Hold
Current: 4.080
Low
3.50
Averages
3.95
High
4.50
Current: 4.080
Low
3.50
Averages
3.95
High
4.50
Morgan Stanley
Equal Weight
initiated
$4
2025-12-15
New
Reason
Morgan Stanley
Price Target
$4
2025-12-15
New
initiated
Equal Weight
Reason
Morgan Stanley assumed coverage of Transocean with an Equal Weight rating and a price target of $4.50, up from $4. Energy Services stocks have rallied off the lows, pushing valuations higher, but against an uncertain oil backdrop the firm expects shorter cycle North American onshore spending to remain constrained and views it as "too early to step in," the analyst tells investors while assuming coverage of North America Energy Services & Equipment.
Citi
Scott Gruber
Neutral
maintain
2025-12-11
Reason
Citi
Scott Gruber
Price Target
2025-12-11
maintain
Neutral
Reason
Citi analyst Scott Gruber raised the firm's price target on Transocean to $4.50 from $4.25 and keeps a Neutral rating on the shares. The firm adjusted price targets as part of its 2026 outlook for the oil and gas equipment and services group. Citi believes the industry is in the bottom of a two-year downcycle. The lack of negative estimate revisions could drive better share performances in 2026, the analyst tells investors in a research note. Citi elevated SLB to its top large-cap pick, followed by Baker Hughes and Halliburton.
JPMorgan
Neutral -> Underweight
downgrade
2025-12-10
Reason
JPMorgan
Price Target
2025-12-10
downgrade
Neutral -> Underweight
Reason
JPMorgan downgraded Transocean to Underweight from Neutral without a price target. The firm adjusted ratings in the oilfield services and equipment outlook as part of its 2026 outlook. JPMorgan retains a cautious sector stance citing upstream spending headwinds, but sees some "idiosyncratic growth opportunities." The analyst expects oilfield service stocks to play "second fiddle" to upstream companies and other energy sub-sectors due to a weakening spending picture. In a more challenging macro environment, companies that can demonstrate the most earnings resiliency and growth prospects are best positioned, the analyst tells investors in a research note.
Citi
Neutral
maintain
2025-11-14
Reason
Citi
Price Target
2025-11-14
maintain
Neutral
Reason
Citi raised the firm's price target on Transocean to $4.25 from $3.50 and keeps a Neutral rating on the shares. The firm says the offshore drillers have become "noticeably more positive" on recent calls due to new contract signings. However, low crude prices could still delay any inflection and could weigh on rates, the analyst tells investors in a research note.
About RIG
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
