Transocean Ltd. (RIG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 8, 2026
Current Price
$6.40
Price Target
$6.63
Target Range
$6.00 — $7.50
Analyst Rating
Hold
Forward P/E33.8x
Trailing P/E-2.1x
Forward PEG—
Implied Growth+107.7%
Median Target$6.50
Analyst Spread22.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$6
-6.3%
Consensus
$7
+3.6%
Bull Case
$8
+17.2%
RIG Price Target Analysis
Updated May 10, 2026As of May 10, 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 $6.40, this represents a potential upside of +3.6%. The company has a market capitalization of $5.78B.
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 Hold, with 24 analysts rating the stock as a Buy or Strong Buy,26 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 -2.1x and forward P/E of 33.8x. Analysts expect EPS to grow +107.7% 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+9.5%
Avg Forward P/E29.7x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 VALValaris Limited | $6.6B | $95.02 | $96.00 | +1.0% | Hold | 27.8x | 54 |
 NENoble Corporation Plc | $8.0B | $50.14 | $45.80 | -8.7% | Hold | 46.6x | 51 |
 SDRLSeadrill Limited | $3.0B | $48.32 | $47.00 | -2.7% | Hold | 63.1x | 37 |
 HPHelmerich & Payne, Inc. | $3.8B | $37.78 | $37.29 | -1.3% | Hold | — | 43 |
 NBRNabors Industries Ltd. | $1.6B | $97.40 | $81.00 | -16.8% | Hold | — | 44 |
 PDPagerDuty, Inc. | $669M | $7.29 | $14.80 | +103.0% | Hold | 6.5x | 23 |
 PTENPatterson-UTI Energy, Inc. | $4.3B | $11.42 | $11.00 | -3.7% | Buy | — | 53 |
 SLBSLB N.V. | $80.0B | $53.27 | $58.66 | +10.1% | Buy | 20.3x | 66 |
 HALHalliburton Company | $33.3B | $39.83 | $39.64 | -0.5% | Buy | 17.1x | 64 |
 BKRBaker Hughes Company | $63.4B | $63.90 | $73.20 | +14.6% | Buy | 26.7x | 45 |
Upside Potential Comparison
PDBKRSLBVALHALHPSDRLPTENSee RIG's True Return
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Start ComparisonRIG — 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 price target for RIG is $6.63, close to the current price of $6.4 (3.6% implied move). Based on 64 analyst estimates, the stock appears fairly valued near current levels.
Is RIG a buy, sell, or hold?
RIG has a consensus rating of "Hold" based on 64 Wall Street analysts. The rating breakdown is mixed, with 26 Hold ratings making up the largest segment. The consensus 12-month price target of $6.63 implies 3.6% upside from current levels.
Is RIG stock overvalued or undervalued?
RIG trades at a forward P/E of 33.7553x, representing a moderate valuation. With analysts targeting $6.63 (3.6% implied move), the stock appears close to fair value.
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, 24 have Buy ratings, 26 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 "Hold".
What is RIG's forward P/E ratio?
RIG trades at a forward P/E ratio of 33.8x 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?
RIG appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $6.63 target. Consider your investment thesis and risk tolerance. 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.