Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. It measures a company's ability to pay short-term obligations. 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 Visit www.zacksdata.com to get our data and content for your mobile app or website. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Cash Flow is a measurement of a company's health. Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. Like most ratios, this number will vary from industry to industry. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Transocean's stock is owned by a variety of retail and institutional investors. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. 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. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. 8 brokerages have issued 12 month target prices for Transocean's shares. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Search: Csx Merger Rumors. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Zacks Premium - The way to access to the Zacks Rank. 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. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) A D/E ratio of 1 means its debt is equivalent to its common equity. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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.. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A dvelopper et amliorer nos produits et services. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Our testing substantiates this with the optimum range for price performance between 0-20. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. To see all exchange delays and terms of use please see Barchart's disclaimer. Earnings estimate revisions are the most important factor influencing stocks prices. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. All rights reserved. That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. The 52 week price change is a good reference point. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. This is also commonly referred to as the Asset Utilization ratio. Export data to Excel for your own analysis. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Search: Csx Merger Rumors. The longer-term perspective helps smooth out short-term events. $7.49 To learn more, click here. A higher number is better than a lower number. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This suggests that the stock has a possible downside of 21.3%. Please log in to your account or sign up in order to add this asset to your watchlist. TransOcean 2: Rivals - Update 1.2 available. If you wish to go to ZacksTrade, click OK. Visit Performance Disclosure for information about the performance numbers displayed above. are strong. The Price to Sales ratio or P/S is calculated as price divided by sales. View our RIG earnings forecast. Shares of RIG stock can be purchased through any online brokerage account. That means these items are added back into the net income to produce this earnings number. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. It is essentially the inverse of the P/E ratio. ROE values, like other values, can vary significantly from one industry to another. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . A P/B of 1 means it's selling at its per share book value. Value Style - Learn more about the Value Style. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The merger cleared the DOJ after Compass . Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. For one, part of trading is being able to get in and out of a stock easily. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Zacks Rank Education -- Learn more about the Zacks Rank Real time prices by BATS. 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. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. mesurer votre utilisation de nos sites et applications. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Like earnings, a higher growth rate is better than a lower growth rate. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. As they say, 'price follows volume'. 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. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. The respective items are ranked and graded into five groups: A, B, C, D and F. An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. A ratio of 1 means a company's assets are equal to its liabilities. See rankings and related performance below. Search: Transocean Merger Rumors. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. View RIG analyst ratings or view top-rated stocks. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. The two drillers in September entered into a definitive merger agreement under which Transocean was to acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig's net debt, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Breaking News: NE latest news. Projected EPS Growth looks at the estimated growth rate for one year. Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates. 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. FREE Breaking News Alerts from StreetInsider.com! Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. The merger is not subject to any financing condition. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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 The official website for the company is www.deepwater.com. This suggests that the stock has a possible downside of 16.5%. After the P/E ratio, it's one of the most common valuation metrics. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. International Mexico S. de R.L. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Washington, D.C. 20549. But, typically, an aggressive growth trader will be interested in the higher growth rates. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Many other growth items are considered as well. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. The Current Ratio is defined as current assets divided by current liabilities. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . Islands KY1-1003 +1 (345) 745-4505 . The scores are based on the trading styles of Value, Growth, and Momentum. The Zacks database contains over 10,000 stocks. Sandro Thoma Transocean Ltd. . But when compared to its growth rate, it does't have the earnings growth to justify its P/E. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? the Securities Exchange Act of 1934. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). The income number is listed on a company's Income Statement. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 326 E 8th St #105, Sioux Falls, SD 57103 The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. There are 17 Sectors, 60 different M Industries, and 265 X Industries. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. The PEG ratio is the P/E ratio divided by its growth rate. The company's press release can be found here. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. The stock has recently been. The median P/B ratio for stocks in the S&P is just over 3. Santa Fe Supraco Indonesia, PT. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. A value under 20 is generally considered good. There are currently 4 hold ratings and 4 buy ratings for the stock. Pursuant to Section 13 or 15 (d) of. 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. NASDAQ data is at least 15 minutes delayed. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . This item is updated at 9 pm EST each day. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). The Price to Earnings ratio or P/E is price divided by earnings. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers.
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