Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. We use cookies to understand how you use our site and to improve your experience. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. How were Transocean's earnings last quarter? The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. In general, the lower the ratio is the better. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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). A value greater than 1, in general, is not as good (overvalued to its growth rate). 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). A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. * indicates the important links in the menu, After-Market: For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. View RIG analyst ratings or view top-rated stocks. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Transocean : SpareBank 1 Markets 2023 Energy Conference EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. dvelopper et amliorer nos produits et services. The scores are based on the trading styles of Value, Growth, and Momentum. 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. - The Fly. 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. Transocean Ltd. Transocean Mergers and Acquisitions Summary | Mergr View institutional ownership trends. This is also referred to as the cash yield. Like most ratios, this number will vary from industry to industry. Date of report (date of earliest event reported): February 15, 2023 . Please log in to your account or sign up in order to add this asset to your watchlist. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 326 E 8th St #105, Sioux Falls, SD 57103 Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. These contracts, worth a combined $1.24 billion, span multiple years. ANALYSIS-Mixed view on effect of Transocean merger | Reuters Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) This longer-term historical perspective lets the user see how a company has grown over time. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. Get short term trading ideas from the MarketBeat Idea Engine. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. It's also commonly referred to as a 'liquidity ratio'. That means these items are added back into the net income to produce this earnings number. Transocean - RIG Stock Forecast, Price & News - MarketBeat Growth of $10,000.00. But, typically, an aggressive growth trader will be interested in the higher growth rates. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. 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. The longer-term perspective helps smooth out short-term events. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. The 20 day average establishes this baseline. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 12.29% of the stock of Transocean is held by insiders. The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at [email protected], or via fax at 41 71 323 27 750. 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. These returns cover a period from January 1, 1988 through January 2, 2023. The company's mobile offshore drilling. The cause of this is impossible to tell Transocean will pay approximately $2 . Zacks Style Scores Education - Learn more about the Zacks Style Scores. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. In many ways, the market's action of repricing the offshore . 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.) Search: Csx Merger Rumors. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 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 de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. But they all have their place in the Growth style. Search: Transocean Merger Rumors. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. Main Menu; Markets. Our daily ratings and market update email newsletter. A P/B of 1 means it's selling at its per share book value. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Net Margin is defined as net income divided by sales. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. Rumors - Latest News and breaking headlines - Benzinga Both floaters are currently stacked. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Cash Flow is net income plus depreciation and other non-cash charges. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. 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). It's used by investors as a measure of financial health. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. On Monday, two U.S. discount airlines announced plans to merge. Seeing a stock's EPS change over 1 week is important. 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. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. Our testing substantiates this with the optimum range for price performance between 0-20. There are currently 4 hold ratings and 4 buy ratings for the stock. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Shares of RIG stock can be purchased through any online brokerage account. But note, different industries have different margin rates that are considered good. NASDAQ data is at least 15 minutes delayed. As they say, 'price follows volume'. The company's press release can be found here. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. And, of course, the 4 week change helps put the 1 week change into context. 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. Their RIG share price forecasts range from $3.30 to $10.00. Pursuant to Section 13 or 15 (d) of. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. One share of RIG stock can currently be purchased for approximately $7.51. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Learn more about Zacks Equity Research reports. Transocean Ltd. (RIG) Stock Price Today, Quote & News Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd This is a medium-term price change metric (like the 4 week price change). Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Transocean-GlobalSantaFe Merger - Compass Lexecon So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The company employs 5,530 workers across the globe. 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. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. American Consumer News, LLC dba MarketBeat 2010-2023. This is a medium-term price change metric. The median P/B ratio for stocks in the S&P is just over 3. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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 . For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Real time prices by BATS. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. RIG News Today | Why did Transocean stock go up today? - MarketBeat Start date: 01/17/2013. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Accordingly, the company's. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Delayed quotes by FIS. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Many other growth items are considered as well. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. 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. What Predicts That A Company Merger Rumor Will Come True? - Forbes All rights reserved. Real-time analyst ratings, insider transactions, earnings data, and more. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. See rankings and related performance below. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. The monthly returns are then compounded to arrive at the annual return. 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 Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. This item is updated at 9 pm EST each day. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. Search: Transocean Merger Rumors. If you wish to go to ZacksTrade, click OK. Compare Top Brokerages Here. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy . Jan 7, 2021. ZacksTrade and Zacks.com are separate companies. 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. This includes personalizing content and advertising. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Transocean shares have a 52-week. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. 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. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). House, 4th Floor. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal ROE is always expressed as a percentage. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Zacks Ranks stocks can, and often do, change throughout the month. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days.