As a group, equities analysts expect that Transocean will post -0.71 EPS for the current year.

Source: https://www.etfdailynews.com/2023/09/16/transocean-nyserig-price-target-increased-to-10-50-by-analysts-at-citigroup/

Citigroup analyst Nikhil Gupta Transocean to generate almost $2 billion in free cash flow until the end of 2025 which in combination with exchangeable note conversions would result in net debt decreasing to well below $4 billion over the next 30 months.

Source: https://seekingalpha.com/article/4622466-transocean-stock-solid-q2-2023-earnings-long-term-outlook-reiterate-buy?source=feed_all_articles

Southern Capital Advisors LLC grew its stake in shares of Transocean by 34.5% in the fourth quarter.

Source: https://www.etfdailynews.com/2023/05/25/dimensional-fund-advisors-lp-purchases-1378583-shares-of-transocean-ltd-nyserig/

Unfortunately, some of the highest-specification rigs have been cold-stacked for more than half a decade already and neither Transocean nor any of its competitors have ever tried to reactivate a drillship that has been sitting idle for so many years.

Source: https://seekingalpha.com/article/4577093-transocean-stock-increases-backlog-16-percent-sequentially-buy?source=feed_all_articles

With the previously warm-stacked drillships Dhirubhai Deepwater KG2 scheduled to re-enter the active fleet this year, Transocean seems to have picked all the low-hanging fruits.

Source: https://seekingalpha.com/article/4580923-transocean-q4-earnings-post-earnings-sell-off-provides-buying-opportunity?source=feed_all_articles