RIG — Transocean Ltd

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Transocean Ltd

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$6.18
Market Cap$7.61B
Float916.8M
Shares Outstanding1.12B
P/E (Forward)4.32
Price/Sales (TTM)1.84
vs. Analyst Target+2.0% to analyst PT
Profit Margin-66.79%
Operating Margin (TTM)26.74%
Revenue (TTM)$4.14B
Dividend RateNone
Analyst Target Price$6.30 (13 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $3.15B -$567M $2.37B $1.03B
2021 $2.56B -$592M $1.81B $939M
2022 $2.58B -$621M $1.84B $851M
2023 $2.83B -$954M $2.09B $501M
2024 $3.52B -$512M $2.79B $582M
2025 $3.96B -$2.92B $3.31B -$1.73B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $988M -$938M
Sep 2025 $1.03B -$1.92B
Dec 2025 $1.04B $25.0M
Mar 2026 $1.08B $71.0M

Ownership & Float

Insider Ownership13.0%
Institutional Ownership85.7%
Short Float23.0%
% of All Funds Holding6.18%
Number of Funds Holding508

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$6.54Near-term / short-term trend
Weekly40-Week SMA$4.94Medium-term trend
Weekly80-Week SMA$4.04Cyclical trend (business cycle)
Weekly200-Week SMA$5.01Secular trend (multi-year)
Monthly10-Month SMA$4.96Near-term monthly trend
Monthly20-Month SMA$4.11Medium-term monthly trend
Monthly40-Month SMA$5.17Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$4.90 support 1.52x 2 months ago
$3.20 support 1.69x 6 months ago
$2.60 support 1.05x 9 months ago
$2.20 support 1.35x 11 months ago

Historical Earnings Reactions (120 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.38% 0.04% 50.83% 15.53% -8.14%
1 Day 0.48% -0.23% 48.33% 20.83% -12.48%
1 Week 0.98% 0.01% 50.00% 52.78% -22.22%
2 Weeks 0.35% -0.63% 46.67% 63.89% -31.05%
1 Month 0.86% 0.97% 53.78% 201.39% -76.42%

Next earnings: July 23, 2026 (56 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan4.5%57.6%33
Feb-0.7%45.5%33
Mar3.8%60.6%33
Apr1.2%54.5%33
May0.9%56.3%32
Jun0.5%54.5%33
Jul-1.0%39.4%33
Aug-2.9%42.4%33
Sep0.5%48.5%33
Oct0.8%42.4%33
Nov2.6%51.5%33
Dec2.5%54.5%33

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.02% 47.6% 1560
Tuesday 0.03% 48.0% 1706
Wednesday 0.12% 49.4% 1703
Thursday -0.04% 46.8% 1670
Friday 0.13% 48.5% 1664

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 85.7%

Insider Transactions — Smart Summary

Total insider ownership: 13.0%

12-Month Insider Activity Summary

Total Filings19
Net Value-$5.7M
Net Shares Change13,135,445
% of Float1.4%
C-Suite Filings12
Clusters Detected3

Key Insiders

NameTitleNet ValueFilingsActivity
Perestroika (Cyprus) Ltd +$18.2M 2 2 buy
Perestroika +$18.2M 2 2 buy
Mohn Frederik Wilhelm +$12.2M 1 1 buy
THIGPEN JEREMY D Executive Chair -$2.2M 1 1 sell
Mackenzie Roderick James EVP, Chief Commercial Officer -$655,233.2 2 2 sell
Long Brady K EVP and Chief Legal Officer -$608,970.45 1 1 sell
Vayda Robert Thaddeus EVP, Chief Financial Officer -$128,700 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-09-30 – 2025-09-30 3 3 +$36.6M
2025-10-28 – 2025-11-04 3 3 -$759,676.34 3 C-suite
2025-11-25 – 2025-12-08 8 8 +$13.2M 4 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-22 Long Brady K EVP and Chief Legal Officer -$608,970.45 Transaction at $7.45, now -17.0%
2026-03-05 Mackenzie Roderick James EVP, Chief Commercial Officer -$498,433.2 Transaction at $6.36, now -2.8%
2025-12-01 THIGPEN JEREMY D Executive Chair -$2.2M Transaction at $4.32, now +43.1%
2025-12-05 Mackenzie Roderick James EVP, Chief Commercial Officer -$156,800 Transaction at $4.48, now +37.9%
2025-12-01 Vayda Robert Thaddeus EVP, Chief Financial Officer -$128,700 Transaction at $4.29, now +44.1%
2025-09-30 Perestroika (Cyprus) Ltd +$12.2M Transaction at $3.05, now +102.6%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Transocean Ltd (RIG) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for RIG on Trend Edge →