Sterling Capital Management LLC Has $467,000 Stock Holdings in Transocean Ltd. $RIG

Posted by Brenda Bartman on Jul 3rd, 2026

Sterling Capital Management LLC decreased its position in shares of Transocean Ltd. (NYSE:RIG – Free Report) by 65.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,484 shares of the offshore drilling services provider’s stock after selling 131,620 shares during the period. Sterling Capital Management LLC’s holdings in Transocean were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RIG. TD Waterhouse Canada Inc. boosted its position in shares of Transocean by 22,432.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock valued at $26,000 after acquiring an additional 6,281 shares during the period. Flagship Harbor Advisors LLC bought a new position in Transocean during the fourth quarter worth about $27,000. Forteris Wealth Management Inc. acquired a new stake in Transocean in the 4th quarter worth about $41,000. Keudell Morrison Wealth Management bought a new stake in Transocean in the 4th quarter valued at about $41,000. Finally, Josh Arnold Investment Consultant LLC bought a new stake in Transocean in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Trending Headlines about Transocean

Here are the key news stories impacting Transocean this week:

Positive Sentiment: Transocean secured a conditional agreement with Equinor for three “Cat D” harsh-environment rigs, adding over $1 billion to backlog and strengthening future revenue visibility. MarketWatch article
Positive Sentiment: Analysts at Zacks Research recently raised some longer-term earnings estimates for Transocean, reflecting improved expectations following the Equinor deal.
Neutral Sentiment: The Equinor contract remains subject to license approvals, so the full benefit is not yet finalized.
Negative Sentiment: Other Zacks updates trimmed near-term earnings estimates for 2026-2027, suggesting profitability may remain uneven before the new contract fully ramps.

Analyst Upgrades and Downgrades

RIG has been the topic of several recent research reports. TD Cowen raised their target price on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research note on Tuesday, April 21st. Susquehanna increased their price target on Transocean from $7.50 to $8.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. Morgan Stanley raised their price objective on Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $6.00 to $8.00 in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Transocean currently has an average rating of “Hold” and an average price target of $6.96.

Read Our Latest Report on RIG

Transocean Price Performance

Shares of RIG stock opened at $5.05 on Friday. The business has a fifty day simple moving average of $6.13 and a 200 day simple moving average of $5.72. The company has a market cap of $5.64 billion, a P/E ratio of -1.70 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a twelve month low of $2.53 and a twelve month high of $7.66.

Transocean (NYSE:RIG – Get Free Report) last released its earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, sell-side analysts forecast that Transocean Ltd. will post 0.16 EPS for the current fiscal year.

Transocean Profile

(Free Report)

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.