TRANSOCEAN LTD (RIG)
Energy · offshore drilling services · NYSE
Transocean is a premier global offshore drilling contractor specializing in high-specification deepwater and harsh environment assets.
What TRANSOCEAN LTD does
Transocean Ltd. is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in deepwater and harsh environment drilling, operating a fleet of high-specification offshore drilling rigs. Its business is primarily focused on supporting energy exploration and production activities globally.
Themes: offshore drilling, energy exploration and production, deepwater drilling
Fundamentals
- Price$5.77 as of 2026-08-24 close
- Market cap$6.4B as of 2026-08-24
- 1-year return+89.8% 2025-08-22 close $3.04 → 2026-08-24 close $5.77
- P/En/a negative earnings
- Net margin-40.2% as of 2026-08-24
- Gross margin+41.6% as of 2026-08-24
- ROE-20.2% as of 2026-08-24
- Debt / equity0.61 as of 2026-08-24
- Revenue growth (YoY)+8.5% as of 2026-08-24
- Revenue CAGR (3y)+15.5% SEC XBRL
- Beta1.28 as of 2026-08-24
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
How RIG compares in its sector
- net profit marginbottom 10% 149 covered Energy peers, as of 2026-08-24
- operating marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- gross marginmiddle range 142 covered Energy peers, as of 2026-08-24
- return on equitybottom 25% 152 covered Energy peers, as of 2026-08-24
- 3-year revenue CAGRtop 25% 138 covered Energy peers
- free cash flow (absolute dollars, latest fiscal year)top 25% 95 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
RIG is not currently in any published Top 10 list. Its scores are below.
Long-term score
54.6 #529 of 1,605 scored · #48 of 85 in Energy
Valuation 98th (price to book 0.8) and financial health 63rd (free cash flow margin 22%, debt to equity 0.6); weakest is profitability (7th, operating margin -24.4%, return on equity -20.2%). Scored on 5 of 6 pillars — it pays a dividend, but its filings carry no per-share series to count increases from; no annual share count in its filings.
Short-term score
49.5 #708 of 1,698 scored · #53 of 86 in Energy
Catalysts 68th: analysts have raised their average price target by 1.0% since the prior reading; trend 57th: a strong uptrend, with buyers in control; weakest is volume and participation 43rd: it gapped 2.9% below the previous close and has not traded back through the level it left behind — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed. Its score is docked 5 points for short interest in the heaviest tenth of the field.
Scores as of 24 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 3.
How TRANSOCEAN LTD looks technically
TRANSOCEAN LTD (RIG) is trading 5.8% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed below its 200-day average about 7 trading days ago — a "death cross", a bearish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 3 trading days ago. It is 24.7% below its highest point of the past year.
Trend
9
| Distance from the 200-day | it is trading 5.8% above its 200-day average, the long-term trend line — a longer-term uptrend | +5.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $5.35 | $5.35 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $5.46 | $5.46 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 26 calendar days ago — the swings before that are what the structure reading is measured on | 26 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 4.88. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 7 trading days ago — a "death cross", a bearish long-term signal | 7 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 5.8% above | +5.8% |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with buyers in control | 27.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30) | 56.8 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($5.08 to $6.14) — its "stochastic" reading is 65 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 65.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 34 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $7.66 | $7.66 |
|---|---|---|
| From the 52-week high | it is 24.7% below its 52-week high (its highest price of the past year) | -24.7% |
| Above the 52-week low | it is 109.1% above its 52-week low (its lowest price of the past year) | +109.1% |
| Below the 52-week high | it is 24.7% below its highest point of the past year | 24.7% |
| Since a 20-day breakout | it made a new 20-day high about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 38 trading days ago | 38 sessions |
| All-time high | its highest closing price on record is $187.87 (set on 2007-11-26) | $187.87 |
| Given back of the 52-week move | over the past year its closes ranged ($2.80 to $7.58), and it has given back roughly a third of its rise from last year’s low — 38% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $4.47 to $4.63. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 37.9% |
| From the all-time high | it is 96.9% below its all-time high | -96.9% |
| Nearest price level | it is trading 1.1% below a resistance level at $5.83 — a price it turned at twice since 2026-03-06, most recently on 2026-04-20. Since 2024-08-26 it has 12 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.1% |
| All-time low | its lowest closing price on record is $0.65 (set on 2020-10-30) | $0.65 |
| Above the all-time low | it is 787.7% above its all-time low | +787.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 68th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2282 between its high and its low — about 4.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2282 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $4.81 and $6.21 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $4.81 – $5.51 – $6.21 |
| Typical daily range (% of price) | its price moves about 4.0% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.0% |
| Stretch from the 200-day average | it is trading 1.4 daily ranges above its 200-day average price (5.8% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.4 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.87× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 1.0% since the prior reading | +1.1% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 6 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 6 sessions ago |
|---|---|---|
| Since a bearish engulfing | 1 session ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 1 session ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-24 1.7% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -1.7% |
|---|---|---|
| Open gap | it gapped 2.9% below the previous close 59 sessions ago and has not traded back through the level it left behind at 6.48 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.9% |
| Gap filled | a 2.6% gap up opened on 2026-08-20 has been "filled" today — price traded back through the level the gap left behind, and it took 2 sessions to close | today |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -3.99% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 4.5 percentage points (the stock gained 7.9% while the market gained 3.3%) | +4.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 17.7 percentage points (the stock lost 15.3% while the market gained 2.4%) | -17.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 22.8 percentage points (the stock lost 11.8% while the market gained 11.1%) | -22.9% |
| vs market, 12 months | over the past 12 months this stock beat the market by 71.5 percentage points (the stock gained 89.8% while the market gained 18.3%) | +71.5% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-17 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thick, spanning 15.1% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $5.80 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | -0.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-08-05 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $5.70 — a volume-weighted average of daily closes over 14 sessions, not a true tick-by-tick VWAP. | +1.3% |
Price levels it has turned at before
RIG last closed at $5.77 on 2026-08-24. Since 2024-08-26 it has turned at 12 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $5.83 | Resistance | 1.1% above the last close | turned there twice · 2026-03-06 to 2026-04-20 |
| $4.76 | Support | 17.5% below the last close | turned there five times · 2024-09-18 to 2026-07-01 |
| $6.97 | Resistance | 20.8% above the last close | turned there twice · 2026-02-23 to 2026-04-30 |
| $4.54 | Support | 21.4% below the last close | turned there twice · 2024-11-25 to 2025-12-09 |
| $4.42 | Support | 23.4% below the last close | turned there twice · 2025-11-11 to 2026-01-06 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $4.88.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-24.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent death cross (50-day crossed below 200-day) · Tested and reclaimed 200-day support · Pulled back from the 12-month high · Broke out to a new 20-day high · in a strong, established uptrend (ADX) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-24. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.31 mean, 1=Strong Buy…5=Strong Sell) — 11 analysts
- Mean price target$6.59 range $4.50 – $10.00; median $6.70
Analyst estimates, as of 2026-08-24. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for RIG
- Consensus EPS estimate$0.02332 next reporting period, as of 2026-08-24
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant debt obligations and potential liquidity constraints.","Sensitivity to volatility in oil and gas commodity prices and industry capital expenditure.","Operational risks inherent to deepwater and harsh environment drilling."]
What changed in the latest 10-Q
AI-assisted comparison of RIG's 10-Q filed 2026-05-05 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
- Added:
- Added bullet point in forward-looking statements: 'our expectations regarding the timing, completion and anticipated benefits of the proposed business combination (the "Business Combination") with Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda ("Valaris")' (filed 2026-05-05)
- Removed:
- Removed phrase 'customer strategy,' from the offshore drilling market bullet point (filed 2025-10-30)
- Removed phrase 'effects of new rigs on the market,' from the offshore drilling market bullet point (filed 2025-10-30)
- Reworded:
- Modified offshore drilling market bullet point: changed 'stacking and reactivation of rigs, effects of new rigs on the market, the impact' to 'stacking and reactivation of rigs, customer strategy, the impact' and later to remove 'customer strategy' reference, with net effect being removal of 'effects of new rigs on the market' and 'customer strategy' phrases (filed 2026-05-05)
- Notes:
- The text provided appears truncated at 'Such statements are subject to numerous risks, uncertainties and assumptions, including, but not limited to: ◾ those described under' in both versions, so full comparison may be incomplete
- The removal of 'effects of new rigs on the market' and 'customer strategy' appears to be a consolidation or simplification rather than a substantive policy change
Risk Factors
- Added:
- Newer filing (2026-05-05) includes financial data for Q1 2026 (three months ended March 31, 2026) compared to Q1 2025
- Newer filing shows Contract drilling revenues of $1,081M (Q1 2026) vs $906M (Q1 2025)
- Newer filing reports Operating income of $287M (Q1 2026) vs Operating loss of $64M (Q1 2025)
- Newer filing shows Net income of $71M (Q1 2026) vs Net loss of $79M (Q1 2025)
- Newer filing reports Loss on retirement of debt of $11M (Q1 2026)
- Newer filing includes '(Gain) loss on adjustment to bifurcated compound exchange feature' of $153M in cash flow statement (Q1 2026)
- Newer filing shows Proceeds from disposal of investment in note receivable from unconsolidated affiliate of $13M (Q1 2026)
- Removed:
- Older filing (2025-10-30) included Loss on impairment of assets of $(1,913)M and $(3,049)M for Q3 2025 and nine months 2025, respectively
- Older filing included nine-month comparative data (nine months ended September 30, 2025 and 2024) not present in newer filing
- Older filing showed '(Gain) loss on adjustment to bifurcated compound exchange feature' of $(36)M for Q1 2025
- Reworded:
- Older filing line item 'Interest expense, net of amounts capitalized' changed to 'Interest expense' in newer filing
- Older filing line item 'Gain on retirement of debt' changed to 'Loss on retirement of debt' in newer filing (different sign convention)
- Balance sheet line items in newer filing (March 31, 2026 and December 31, 2025) differ in scope from older filing (September 30, 2025 and December 31, 2024)
- Notes:
- The two filings report different fiscal periods: newer filing covers Q1 2026 vs Q1 2025; older filing covers Q3 2025 vs Q3 2024 plus nine-month comparisons. Direct line-item comparisons may reflect period-specific changes rather than filing-level revisions.
- Balance sheet dates differ: newer filing uses March 31, 2026 and December 31, 2025; older filing uses September 30, 2025 and December 31, 2024.
- The older filing text appears truncated at the end of the Accumulated other comprehensive loss section; full content comparison not possible for that section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days.
- Last 90 days1 buy ($173250) · 0 sells — 1 buying insider
- Last 180 days1 buy ($173250) · 1 sell ($608970) — 1 buying, 1 selling insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-02. As of 2026-08-25.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about RIG's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
RIG had 254,376,664 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
RIG had 22.8% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.58 days to cover at the same settlement.
- Reported short interest (shares) 254,376,664
- Short interest (% of shares outstanding) 22.8%
- Prior settlement (shares) 242,487,425
- Reported change 4.9%
- Days to cover (reported) 5.58
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Valaris (VAL)
- Noble Corporation (NE)
- Diamond Offshore Drilling (DO)
- Seadrill (SDRL)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does TRANSOCEAN LTD (RIG) do?
Transocean Ltd. is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in deepwater and harsh environment drilling, operating a fleet of high-specification offshore drilling rigs. Its business is primarily focused on supporting energy exploration and production activities globally.
What sector is TRANSOCEAN LTD (RIG) in?
TRANSOCEAN LTD (RIG) is classified in the Energy sector. Its industry is offshore drilling services. It trades on NYSE.
Who are TRANSOCEAN LTD's (RIG) competitors?
Notable peers of TRANSOCEAN LTD (RIG) include Valaris, Noble Corporation, Diamond Offshore Drilling and Seadrill. This peer set is informational only — not financial advice.
Is TRANSOCEAN LTD (RIG) overbought or oversold right now?
TRANSOCEAN LTD (RIG) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 57, in the neutral middle (as of 2026-08-24). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on RIG come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-24.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.