A higher number means the more debt a company has compared to its capital structure. 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. Search: Csx Merger Rumors. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Islands KY1-1003 +1 (345) 745-4505 . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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. 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. One share of RIG stock can currently be purchased for approximately $7.51. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. It's also commonly referred to as a 'liquidity ratio'. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Cash flow itself is an important item on the income statement. capital one merger rumors Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. These contracts, worth a combined $1.24 billion, span multiple years. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd On average, they predict the company's stock price to reach $5.91 in the next year. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 326 E 8th St #105, Sioux Falls, SD 57103 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. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. 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. DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The income number is listed on a company's Income Statement. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger Compare Top Brokerages Here. 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. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Ventura Makes Personal Testimony. Our daily ratings and market update email newsletter. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Transocean - Latest oil and gas news | Upstream Online ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. It measures a company's ability to pay short-term obligations. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Earnings estimate revisions are the most important factor influencing stocks prices. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Main Menu; Markets. 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. If you wish to go to ZacksTrade, click OK. 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). But, typically, an aggressive growth trader will be interested in the higher growth rates. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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 services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . 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. Transocean/R&B Falcon Merger To Create Largest Offshore Driller Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Home; Topics. High institutional ownership can be a signal of strong market trust in this company. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. Transocean (RIG) Stock Soars on New Contract Announcements The Momentum Score takes all of this and more into account. 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). Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. September 19, 2007. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Once again, cash flow is net income plus depreciation and other non-cash charges. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Get daily stock ideas from top-performing Wall Street analysts. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Projected EPS Growth looks at the estimated growth rate for one year. 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 EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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 . After the P/E ratio, it's one of the most common valuation metrics. 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. It's packed with all of the company's key stats and salient decision making information. That does not mean that all companies with large growth rates will have a favorable Growth Score. Momentum Style - Learn more about the Momentum Style. Transocean has only been the subject of 3 research reports in the past 90 days. The analyst urged Transocean to use the current market crisis to address these issues with its customers. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq Transocean (RIG) Announces $488 Million Addition to Backlog. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. Of course, different industries will have different growth rates that are considered good. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo This is a medium-term price change metric (like the 4 week price change). What Predicts That A Company Merger Rumor Will Come True? - Forbes Like earnings, a higher growth rate is better than a lower growth rate. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Transocean faces possible 'liquidity crisis' amid debt repayment 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 new company, which will operate under the Transocean name, will combine the largest. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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. 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 merger cleared the DOJ after Compass . Transocean denies R&B merger speculation | TradeWinds 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. * indicates the important links in the menu, After-Market: Should I buy or sell Transocean stock right now? capital one merger rumors House, 4th Floor. If you do not, click Cancel. The company was founded in 1926 and is based in Steinhausen,. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Close Menu. Cash Flow is net income plus depreciation and other non-cash charges. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Search: Transocean Merger Rumors. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. 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. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Transocean Merger Rumors In this case, it's the cash flow growth that's being looked at. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . View institutional ownership trends. 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. What is Transocean's stock price forecast for 2023? All of those stocks are classified into three groups: Sector, M Industry and X Industry. Net Margin is defined as net income divided by sales. Zacks Ranks stocks can, and often do, change throughout the month. The official website for the company is www.deepwater.com. Transocean : SpareBank 1 Markets 2023 Energy Conference When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. This is also referred to as the cash yield. Transocean, Globalsantafe To Merge - MarineLink What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Transocean stock traded at $4.52 ahead of earnings, but Tuesday's reaction took shares down to $4.41, and on Wednesday they were down another 1.2% to $4.37. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results End date: 01/13 . Zacks Style Scores Education - Learn more about the Zacks Style Scores. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. World's Biggest Offshore Drilling Companies | Zeymarine The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). But, it's made even more meaningful when looking at the longer-term 4 week percent change. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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 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%). So be sure to compare it to its group when comparing stocks in different industries. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. -0.02 (-0.27%) The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. 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. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. And margin rates can vary significantly across these different groups. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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 See rankings and related performance below. Transocean Stock Split History The Current Ratio is defined as current assets divided by current liabilities. How good is it? The cause of this is impossible to tell Transocean will pay approximately $2 . 55.16% of the stock of Transocean is held by institutions. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. On average, they anticipate the company's stock price to reach $5.91 in the next year. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. So the PEG ratio tells you what you're paying for each unit of earnings growth. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. View our RIG earnings forecast. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. That means these items are added back into the net income to produce this earnings number. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. 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. [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 . For example, a regional bank would be classified in the Finance Sector. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". This measure is expressed as a percentage. A ratio of 2 means its assets are twice that of its liabilities. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.