Transocean Ltd. (RIG) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Transocean Ltd. (RIG) stock forecast summary
Our AI scores Transocean Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Transocean Ltd. is a mid-cap company with a market capitalization of $5.85B. It ranks number 1 by market capitalization among the 11 Drilling Oil & Gas Wells issuers in our coverage with a current forecast.
For RIG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 22.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 10.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, RIG included.
RIG price chart and AI forecast
How RIG ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Transocean Ltd. (RIG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Drilling Oil & Gas Wells peers listed below that report each metric.
Valuation & Market
| Metric | RIG | Rank |
|---|---|---|
| Market Cap | $5.85B | 1/11 |
| P/E Ratio | 131.00x | 2/6 |
| P/B Ratio | 0.69x | 8/9 |
| EPS | $0.04 | – |
| Book Value/Share | $7.57 | – |
| Revenue/Share | $3.61 | – |
| FCF/Share | $0.72 | – |
Profitability & Margins
| Metric | RIG | Rank |
|---|---|---|
| ROIC | 6.0% | 4/9 |
| Gross Margin | 40.2% | – |
| Operating Margin | 20.4% | 2/9 |
| EBT Margin | 5.2% | 4/10 |
| Tax Rate | -40.4% | – |
Financial Health
| Metric | RIG | Rank |
|---|---|---|
| Current Ratio | 1.53x | 10/11 |
| D/E Ratio | 0.78x | 6/11 |
| Financial Leverage | 1.78x | 5/11 |
| Interest Coverage | 0.5x | 5/7 |
| Working Capital | $686M | 2/11 |
Cash Flow
| Metric | RIG | Rank |
|---|---|---|
| Operating Cash Flow | $923M | 3/10 |
| Free Cash Flow | $800M | 1/6 |
| Capital Spending | -$123M | 1/6 |
| OCF Growth YoY | 52.3% | 4/9 |
| FCF Growth YoY | 66.0% | 2/5 |
| FCF/Sales | 19.9% | 1/6 |
| CapEx/Sales | 3.0% | 6/6 |
Operational Efficiency
| Metric | RIG | Rank |
|---|---|---|
| Asset Turnover | 0.27x | 9/9 |
| Receivables Turnover | 6.2x | 6/9 |
| Fixed Assets Turnover | 0.3x | 7/7 |
| Days Sales Outstanding | 58 days | 4/9 |
| Payables Period | 41 days | – |
Income Statement
| Metric | RIG | Rank |
|---|---|---|
| Total Revenue | $4.03B | 4/9 |
| Operating Income | $822M | 1/9 |
| Cost of Goods Sold | $2.41B | – |
Dividend & Shareholder Information
| Metric | RIG | Rank |
|---|---|---|
| Shares Outstanding | 1117M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.99B | 13.2% of assets |
| Cash & Short-term Investments | $499M | 3.3% of assets |
| Accounts Receivable | $645M | 4.3% of assets |
| Total Liabilities | $6.61B | 43.9% of assets |
| Short-term Debt | $1.03B | 6.9% of assets |
RIG quarterly financials and insider trading
Transocean Ltd. (RIG) industry peers
Companies classified under the same SEC industry code as Transocean Ltd. (Drilling Oil & Gas Wells): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| RIG Transocean Ltd. | $5.85B | |
| VAL Valaris Ltd | $5.54B | |
| PTEN Patterson Uti Energy Inc | $3.79B | |
| HP Helmerich & Payne, Inc. | $3.52B | |
| BTE Baytex Energy Corp. | $3.20B | |
| SDRL Seadrill Ltd | $2.64B | |
| PDS Precision Drilling Corp | $1.19B | |
| NBR Nabors Industries Ltd | $1.17B | |
| BORR Borr Drilling Ltd | $1000M | |
| HPK Highpeak Energy, Inc. | $903M | |
| GLND Greenland Energy Co | $105M |
Where RIG sits on the market map
Transocean Ltd. (RIG) stock news
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Transocean Ltd. (RIG) stock forecast FAQ
What is the Transocean Ltd. (RIG) stock forecast?
Our AI scores Transocean Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Transocean Ltd. stock predictions?
For RIG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 22.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 10.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Transocean Ltd. forecasts updated?
Transocean Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Transocean Ltd.'s industry peers?
11 issuers in our coverage, RIG included, share the SEC industry code Drilling Oil & Gas Wells. The largest are: Valaris Ltd (VAL), Patterson Uti Energy Inc (PTEN), Helmerich & Payne, Inc. (HP), Baytex Energy Corp. (BTE), Seadrill Ltd (SDRL), Precision Drilling Corp (PDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.