What other stocks do shareholders of Transocean own? Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. Transocean (RIG) Announces $488 Million Addition to Backlog. Like most ratios, this number will vary from industry to industry. 326 E 8th St #105, Sioux Falls, SD 57103 It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Transocean has received a consensus rating of Buy. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. In-depth profiles and analysis for 20,000 public companies. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? A P/B of 2 means it's selling at 2 times its book value. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Learn more about Zacks Equity Research reports. Net Margin is defined as net income divided by sales. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. The company's mobile offshore drilling. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Zscaler, Inc Plummets, Is It Time To Buy The Dip? What is Transocean's stock price forecast for 2023? As they say, 'price follows volume'. GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), ("Ocean Rig" or the "Company"), an international contractor of offshore deepwater drilling. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Real time prices by BATS. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The PEG ratio is the P/E ratio divided by its growth rate. 7:58 PM ET. Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (Ocean Rig) (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. Jan 7, 2021. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. It's also commonly referred to as a 'liquidity ratio'. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. For one, part of trading is being able to get in and out of a stock easily. Search: Csx Merger Rumors. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Seeing a stock's EPS change over 1 week is important. Transocean's stock was trading at $4.56 at the start of the year. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo The consensus among Wall Street analysts is that investors should "buy" RIG shares. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Identify stocks that meet your criteria using seven unique stock screeners. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Volume is a useful item in many ways. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Like the P/E ratio, a lower number is considered better. below): Written communications pursuant to Rule 425 under . The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. The monthly returns are then compounded to arrive at the annual return. A value greater than 1, in general, is not as good (overvalued to its growth rate). (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 8 brokerages have issued 12 month target prices for Transocean's shares. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. Breaking News: NE latest news. Of course, different industries will have different growth rates that are considered good. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship Should I buy or sell Transocean stock right now? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. $7.49 Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Accordingly, the company's. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Cash flow can be found on the cash flow statement. Like earnings, a higher growth rate is better than a lower growth rate. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . View institutional ownership trends. - The Fly. In general, the lower the ratio is the better. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. A high percentage of insider ownership can be a sign of company health. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). We use cookies to understand how you use our site and to improve your experience. By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. After the P/E ratio, it's one of the most common valuation metrics. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Cash Flow is a measurement of a company's health. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Growth of $10,000.00. The company's press release can be found here. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. are strong. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Search: Transocean Merger Rumors. American Consumer News, LLC dba MarketBeat 2010-2023. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Transocean has only been the subject of 3 research reports in the past 90 days. The Daily Price Change displays the day's percentage price change using the most recently completed close. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its Nous, Yahoo, faisons partie de la famille de marques Yahoo. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Based upon closing prices for each. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. As the name suggests, it's calculated as sales divided by assets. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. For example, a regional bank would be classified in the Finance Sector. This suggests that the stock has a possible downside of 16.5%. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . It is essentially the inverse of the P/E ratio. The median P/B ratio for stocks in the S&P is just over 3. The longer-term perspective helps smooth out short-term events. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. Please log in to your account or sign up in order to add this asset to your watchlist. mesurer votre utilisation de nos sites et applications. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. A 'good' number would usually fall within the range of 1.5 to 3. To learn more, click here. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. So be sure to compare it to its group when comparing stocks in different industries. The stock has recently been. On average, they predict the company's stock price to reach $5.91 in the next year. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Search: Csx Merger Rumors. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. * indicates the important links in the menu, After-Market: Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Top institutional shareholders include Contrarius Investment Management Ltd (4.30%), Van ECK Associates Corp (3.48%), Morgan Stanley (2.54%), Dimensional Fund Advisors LP (2.32%), Two Sigma Investments LP (2.05%) and Two Sigma Advisers LP (1.91%). If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. All rights reserved. A higher number means the more debt a company has compared to its capital structure. Value Style - Learn more about the Value Style. With Dividends Reinvested. International Mexico S. de R.L. The transaction has been unanimously approved by the board of directors of each company. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. This is a longer-term price change metric. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Start date: 01/17/2013. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R.