RIG
Transocean Ltd.
$5.20
+0.06 (+1.17%)
At close · Jul 10
Market Cap
$5.81B
Shares
1,116,441,176
Price & Indicators
Indicators
Price
Panels
Event markers
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$5.20
Open$5.18
Day$5.12–5.25
52W$2.53–7.66
Avg vol 30d33.0M
Short int222.5M · 19.9% float · 5.6d
Short vol72%
Last earningsMay 4, 2026
DataJan 2020–Jul 2026
Filing10-Q · May 5
Up next
Next earnings call
Aug 4, 2026
Est · unconfirmed
· in 3 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed May 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Strong
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 15 · calm
Equity put/call 0.55
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+0%
above
Price vs 50-day avg
−14%
below
RSI (14)
42
neutral
MACD trend
Positive
52-week position
52%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−13%
trailing
6-month return
+20%
trailing
YTD return
+26%
this year
Relative strength
+11%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $6 › 200d $5 — 50d above 200d
Institutional flow
Accumulating
23 of 545 funds reported for Jun 30 · net +7.6M sh shares · +3 new
Insider flow
Distributing
Net -$435.7K over 90 days · 50% sells
Short interest
Rising
19.93% of float · ▲ +1.6% MoM · 5.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
545 holders — near 3-yr high, broad support
Squeeze score
67
elevated · 0–100
Fundamentals
Revenue growth
−29%
Y/Y
EPS growth
−300%
Y/Y
Free cash flow
$626.0M
Balance sheet
$9.1B
net debt
Quant / Vol
risk profile
Volatility
54%
annualized · 1-yr
Max drawdown
−36%
past year
ATR
4.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed May 4, 2026
2Q26E
Contract drilling revenues
Initiated
$930M – $970M
prior qtr $1.08B
midpoint −12.1% QoQ
Operating and maintenance expense
Initiated
$630M – $660M
General and administrative
Initiated
$40M – $45M
Interest expense
Initiated
$113M
Interest income
Initiated
$5M – $10M
Capital expenditures
Initiated
$30M – $40M
Cash taxes
Initiated
$30M
FY26E
Contract drilling revenues
Initiated
$3.8B – $3.9B
prior FY $3.97B
midpoint −2.9% Y/Y
Operating and maintenance expense
Initiated
$2.25B – $2.38B
General and administrative
Initiated
$170M – $180M
Interest expense
Initiated
$610M
Interest income
Initiated
$25M – $30M
Capital expenditures
Initiated
$150M
Cash taxes
Initiated
$70M – $75M
Total liquidity
Initiated
$1.25B – $1.35B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+0%
Bullish
Price vs 50-day avg
−14%
Bearish
RSI (14)
42
Neutral
MACD trend
Positive
Bullish
52-week position
52%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $6 › 200d $5 — 50d above 200d
Institutional flow
Accumulating
23 of 545 funds reported for Jun 30 · net +7.6M sh shares · +3 new
Insider flow
Distributing
Net -$435.7K over 90 days · 50% sells
Short interest
Rising
19.93% of float · ▲ +1.6% MoM · 5.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
545 holders — near 3-yr high, broad support
Price context
position in its 52-week range
52-wk low $3
Now $5 · 52%
52-wk high $8
vs 200-day avg +0%
vs 50-day avg -14%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $440M | Q1 2026 | — |
| Adjusted EBITDA margin non-GAAP | 40.7% | Q1 2026 | — |
| Free Cash Flow non-GAAP | $136M | Q1 2026 | — |
| Revenue efficiency | 97.3% | Q1 2026 | — |
| average daily revenue | $476,000 | Q1 2026 call | — |
| backlog | $1.6B | Q1 2026 call | — |
| capital expenditures | $28M | Q1 2026 call | — |
| uptime | 98% | Q1 2026 call | — |
| Incremental backlog added since October 2025 Fleet Status Report | $610M | Since October 2025 Fleet Status Report | — |
| Total backlog | $6.1B | As of February 19, 2026 | — |
| Weighted average dayrate on backlog added since October 2025 | $417,000 | Since October 2025 Fleet Status Report | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
Oil & Gas Drilling — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RIG
this stock
Transocean Ltd.
|
$5.81B | +25.9% | -28.6% | — | 19.9% |
|
NE
Noble Corp plc
|
$6.38B | +43.1% | +83.1% | 28.0 | 6.8% |
|
VAL
Valaris Ltd
|
$5.37B | +53.9% | +0.3% | 5.5 | 9.0% |
|
PTEN
Patterson Uti Energy Inc
|
$3.56B | +55.5% | -10.3% | — | 8.0% |
|
HP
Helmerich & Payne, Inc.
|
$3.33B | +17.1% | +35.9% | — | 9.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RIG | +2.8% | -13.5% | +19.8% | +6.3% | +25.9% |
| SPY | +1.4% | +4.1% | +9.1% | +1.1% | +10.7% |
| vs SPY | +1.4% | -17.6% | +10.8% | +5.2% | +15.2% |
Key facts
CIK
1451505
CUSIP
H8817H100
13F (30d)
44 filings
24 filers
Visit website
Investor relations