Transocean Expands Revolving Credit Facility Amid Valaris Deal
Transocean ( ) has issued an announcement. On October 15, 2026, Transocean International Limited entered into an amended and restated credit agreement with Citibank and a syndicat ...
Model output · Signal date 2026-10-16
Transocean Ltd. (RIG) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5172 stocks scored
Rank correlation · 90D
26.0%
Spearman, 357 dates
Market Cap
$6.28B
mid-cap · #1 of 11 peers
Summary
Transocean Ltd. (RIG) stock forecast summary
Our AI ranks Transocean Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Transocean Ltd. is a mid-cap company with a market capitalization of $6.28B. It ranks number 1 by market capitalization among the 11 Drilling Oil & Gas Wells issuers in our coverage with a current forecast. Its P/B Ratio of 0.75x is the lowest of the 9 peers that report one.
For RIG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 26.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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RIG price chart and AI forecast
Cross-section · 2026-10-16
How RIG ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
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 | $6.28B | 1/11 |
| P/B Ratio | 0.75x | 9/9 |
| EPS | $-1.94 | – |
| Book Value/Share | $7.49 | – |
| Revenue/Share | $3.69 | – |
| FCF/Share | $0.81 | – |
Profitability & Margins
| Metric | RIG | Rank |
|---|---|---|
| ROE | -19.8% | – |
| ROA | -10.9% | – |
| ROIC | -7.2% | 9/9 |
| Gross Margin | 41.6% | – |
| Operating Margin | -24.2% | 9/9 |
| Net Margin | -40.2% | – |
| EBT Margin | -39.2% | 10/10 |
| Tax Rate | -2.7% | – |
Financial Health
| Metric | RIG | Rank |
|---|---|---|
| Current Ratio | 1.59x | 9/11 |
| D/E Ratio | 0.81x | 6/11 |
| Financial Leverage | 1.81x | 5/11 |
| Interest Coverage | 0.5x | 4/7 |
| Working Capital | $709M | 2/11 |
Cash Flow
| Metric | RIG | Rank |
|---|---|---|
| Operating Cash Flow | $995M | 3/10 |
| Free Cash Flow | $904M | 1/6 |
| Capital Spending | -$91M | 1/6 |
| OCF Growth YoY | 79.6% | 3/10 |
| FCF Growth YoY | 136.0% | 2/5 |
| FCF/Sales | 21.9% | 1/6 |
| CapEx/Sales | 2.2% | 6/6 |
Operational Efficiency
| Metric | RIG | Rank |
|---|---|---|
| Asset Turnover | 0.27x | 9/9 |
| Receivables Turnover | 6.8x | 5/9 |
| Fixed Assets Turnover | 0.3x | 7/7 |
| Days Sales Outstanding | 54 days | 5/9 |
| Payables Period | 43 days | – |
Income Statement
| Metric | RIG | Rank |
|---|---|---|
| Total Revenue | $4.12B | 4/9 |
| Operating Income | -$998M | 9/9 |
| Net Income | -$1.66B | – |
| Cost of Goods Sold | $2.40B | – |
Dividend & Shareholder Information
| Metric | RIG | Rank |
|---|---|---|
| Shares Outstanding | 1117M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.91B | 12.6% of assets |
| Cash & Short-term Investments | $509M | 3.4% of assets |
| Accounts Receivable | $604M | 4.0% of assets |
| Total Liabilities | $6.80B | 44.8% of assets |
| Short-term Debt | $920M | 6.1% of assets |
Quarterly Financial Reports
RIG quarterly financials and insider trading
Industry Peers · Drilling Oil & Gas Wells
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. | ▲ | $6.28B |
| VAL Valaris Ltd | ▼ | $5.92B |
| PTEN Patterson Uti Energy Inc | ▶ | $4.39B |
| BTE Baytex Energy Corp. | ▼ | $4.07B |
| HP Helmerich & Payne, Inc. | ▶ | $3.74B |
| SDRL Seadrill Ltd | ▶ | $2.96B |
| BORR Borr Drilling Ltd | ▲ | $1.40B |
| HPK Highpeak Energy, Inc. | ▲ | $1.33B |
| NBR Nabors Industries Ltd | ▶ | $1.25B |
| PDS Precision Drilling Corp | ▶ | $1.11B |
| GLND Greenland Energy Co | ▼ | $136M |
Where RIG sits on the market map
Energy & Transportation · Drilling Oil & Gas Wells
News
Transocean Ltd. (RIG) stock news
Transocean Ltd. Announces Amended and Restated Credit Agreement and Redemption of Deepwater Aquila Notes
The revolving credit facility was oversubscribed during syndication, reflecting strong lender support. The revolving credit facility will continue to be guaranteed by Transocean Ltd. and certain ...
Transocean revises credit facility and retires $165M in notes
Transocean Ltd. (NYSE: RIG) announced that its subsidiary, Transocean International Limited, entered into an amended and restated credit agreement with Citibank, N.A. as administrative agent and ...
FAQ
Transocean Ltd. (RIG) stock forecast FAQ
What is the Transocean Ltd. (RIG) stock forecast?
Our AI ranks Transocean Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact 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 26.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 Oct. 16, 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), Baytex Energy Corp. (BTE), Helmerich & Payne, Inc. (HP), Seadrill Ltd (SDRL), Borr Drilling Ltd (BORR).
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.