Transocean Ltd. (RIG) Price Target Analysis
Updated Jun 26, 2026
Analyst Rating: Buy
Based on 64 analysts29.7% Below Target
RIG trades 29.7% below Wall Street's consensus target of $6.63.
Current Price$5.11
Average Target$6.63
Target
Current
Low$6.00
Median$6.50
High$7.50
Analyst Target Range
Forward P/E40.5x
(Growth Premium)
PEG Ratio—
Implied Growth+105.1%
(High Growth)
Analyst Spread22.6%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes RIG achieves its forward estimates and maintains a stable P/E multiple of 40.5x. This scenario reflects the blended consensus of 64 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
RIG Price Target Analysis
Updated June 28, 2026As of June 28, 2026, Transocean Ltd. (RIG) has a Wall Street consensus price target of $6.63, based on estimates from 64 covering analysts. With the stock currently trading at $5.11, this represents a potential upside of +29.7%. The company has a market capitalization of $4.62B.
Analyst price targets range from a low of $6.00 to a high of $7.50, representing a 23% spread in expectations. The median target of $6.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 25 analysts rating the stock as a Buy or Strong Buy,25 rating it Hold, and 14 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, RIG trades at a trailing P/E of -1.7x and forward P/E of 40.5x. Analysts expect EPS to grow +105.1% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+21.6%
Industry Consensus
Avg Forward P/E
25.8x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 VALValaris Limited | $5.3B | $76.36 | $96.00 | +25.7% | Hold | 25.1x | 54 |
 NENoble Corporation Plc | $6.1B | $38.33 | $45.80 | +19.5% | Hold | 33.8x | 51 |
 SDRLSeadrill Limited | $2.4B | $39.04 | $47.00 | +20.4% | Hold | 57.2x | 37 |
 HPHelmerich & Payne, Inc. | $3.4B | $33.80 | $39.43 | +16.7% | Hold | — | 43 |
 NBRNabors Industries Ltd. | $1.2B | $82.61 | $87.20 | +5.6% | Hold | — | 44 |
 PDPagerDuty, Inc. | $829M | $9.09 | $11.33 | +24.6% | Hold | 8.1x | 23 |
 PTENPatterson-UTI Energy, Inc. | $3.6B | $9.59 | $12.43 | +29.6% | Buy | — | 53 |
 SLBSLB N.V. | $70.3B | $47.00 | $60.46 | +28.6% | Buy | 18.1x | 66 |
 HALHalliburton Company | $28.6B | $34.21 | $39.64 | +15.9% | Buy | 14.5x | 64 |
 BKRBaker Hughes Company | $56.1B | $56.56 | $73.20 | +29.4% | Buy | 23.7x | 45 |
RIG — Frequently Asked Questions
Quick answers to the most common questions about buying RIG stock.
What is the RIG stock price target for 2026?
The consensus Wall Street price target for RIG is $6.63, representing 29.7% upside from the current price of $5.11. With 64 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is RIG a buy, sell, or hold?
RIG has a consensus rating of "Buy" based on 64 Wall Street analysts. The rating breakdown is mixed, with 25 Hold ratings making up the largest segment. The consensus 12-month price target of $6.63 implies 29.7% upside from current levels.
Is RIG stock overvalued or undervalued?
At a forward P/E of 40.4913x, RIG trades at a premium valuation. The consensus price target of $6.63 (29.7% upside) suggests analysts still see growth justifying the multiple.
How high can RIG stock go?
The most bullish Wall Street analyst has a price target of $7.5 for RIG, while the most conservative target is $6. The consensus of $6.63 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover RIG stock?
RIG is heavily covered by Wall Street, with 64 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 25 have Buy ratings, 25 recommend Hold, and 14 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the RIG stock forecast?
The 12-month RIG stock forecast based on 64 Wall Street analysts shows a consensus price target of $6.63, with estimates ranging from $6 (bear case) to $7.5 (bull case). The median consensus rating is "Buy".
What is RIG's forward P/E ratio?
RIG trades at a forward P/E ratio of 40.5x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy RIG stock?
Wall Street analysts are very optimistic on RIG, with a "Buy" consensus rating and $6.63 price target (29.7% upside). 25 of 64 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do RIG price targets vary so much?
RIG analyst price targets range from $6 to $7.5, a 23% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $6.63 consensus represents the middle ground.
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