Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. This is a medium-term price change metric. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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.) Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. We use cookies to understand how you use our site and to improve your experience. 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. 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. Their RIG share price forecasts range from $3.30 to $10.00. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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 . The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. See what's happening in the market right now with MarketBeat's real-time news feed. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). - The Fly. 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. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. -- Equal representation on 14-member board, chaired by Robert E. Rose. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Transocean has received a consensus rating of Buy. 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. How good is it? Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. View which stocks are hot on social media with MarketBeat's trending stocks report. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. What is Transocean's stock price forecast for 2023? The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. 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). On average, they predict the company's stock price to reach $5.91 in the next year. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Value Style - Learn more about the Value Style. 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.. are strong. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. * indicates the important links in the menu, After-Market: Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. 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. the Securities Exchange Act of 1934. Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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. It is essentially the inverse of the P/E ratio. Volume is a useful item in many ways. and Nauticus Robotics, Inc., a Texas corporation. 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 . 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Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. 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. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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. This shows the percentage of profit a company earns on its sales. ZacksTrade and Zacks.com are separate companies. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. NASDAQ data is at least 15 minutes delayed. If a company's expenses are growing faster than their sales, this will reduce their margins. The Price to Sales ratio or P/S is calculated as price divided by sales. What other stocks do shareholders of Transocean own? Santa Fe Supraco Indonesia, PT. Zacks Ranks stocks can, and often do, change throughout the month. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. 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. Accordingly, the company's. Seeing a stock's EPS change over 1 week is important. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The 1 week price change reflects the collective buying and selling sentiment over the short-term. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Cash Flow is net income plus depreciation and other non-cash charges. Once again, cash flow is net income plus depreciation and other non-cash charges. A P/B of 0.5 means its selling at half its book value. Our daily ratings and market update email newsletter. This is also referred to as the cash yield. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. To see all exchange delays and terms of use please see Barchart's disclaimer. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". How were Transocean's earnings last quarter? Cash flow itself is an important item on the income statement. The merger is not subject to any financing condition. Pursuant to Section 13 or 15 (d) of. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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 PEG ratio is the P/E ratio divided by its growth rate. Main Menu; Markets. 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 . 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. dvelopper et amliorer nos produits et services. A P/B of 2 means it's selling at 2 times its book value. The analyzed items go beyond simple trend analysis. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Real-time analyst ratings, insider transactions, earnings data, and more. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. A 'good' number would usually fall within the range of 1.5 to 3. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Islands KY1-1003 +1 (345) 745-4505 . The merger cleared the DOJ after Compass . Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much 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. 55.16% of the stock of Transocean is held by institutions. American Consumer News, LLC dba MarketBeat 2010-2023. 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. But, it's made even more meaningful when looking at the longer-term 4 week percent change. These contracts, worth a combined $1.24 billion, span multiple years. 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. 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 $70 million; The transaction has been unanimously approved by the board of directors of each company; and 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. This longer-term historical perspective lets the user see how a company has grown over time. 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. See rankings and related performance below. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. And margin rates can vary significantly across these different groups. 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,. Luigs and the midwater floater Songa Delta. Transocean does not currently pay a dividend. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Please log in to your account or sign up in order to add this asset to your watchlist. If you wish to go to ZacksTrade, click OK. This is a longer-term price change metric. It's also commonly referred to as a 'liquidity ratio'. contact@marketbeat.com Transocean has a P/B Ratio of 0.51. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 12.29% of the stock of Transocean is held by insiders. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. The longer-term perspective helps smooth out short-term events. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Earnings estimate revisions are the most important factor influencing stocks prices. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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). ROE is always expressed as a percentage. These returns cover a period from January 1, 1988 through January 2, 2023. 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. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. This suggests that the stock has a possible downside of 16.5%. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 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. 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. The analyst urged Transocean to use the current market crisis to address these issues with its customers. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. But note, different industries have different margin rates that are considered good. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Sign in to your free account to enjoy all that MarketBeat has to offer. (844) 978-6257. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). The Current Ratio is defined as current assets divided by current liabilities. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. End date: 01/13 . So the PEG ratio tells you what you're paying for each unit of earnings growth. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. All of those stocks are classified into three groups: Sector, M Industry and X Industry. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. The consensus among Wall Street analysts is that investors should "buy" RIG shares. 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. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. All rights reserved. below): Written communications pursuant to Rule 425 under . What is a Good Dividend Yield? Zacks Premium - The way to access to the Zacks Rank. 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. Search: Transocean Merger Rumors. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo That means these items are added back into the net income to produce this earnings number. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. 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. This allows the investor to be as broad or as specific as they want to be when selecting stocks. The company's press release can be found here. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. 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. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Transocean was founded in 1926 and is based in Steinhausen, Switzerland. During the same period in the previous year, the company posted ($0.19) EPS. The income number is listed on a company's Income Statement. September 19, 2007. Search: Csx Merger Rumors. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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). Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. High institutional ownership can be a signal of strong market trust in this company. 326 E 8th St #105, Sioux Falls, SD 57103 What is Jeremy D. Thigpen's approval rating as Transocean's CEO? Like earnings, a higher growth rate is better than a lower growth rate. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Get daily stock ideas from top-performing Wall Street analysts. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. 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 . Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Date of report (date of earliest event reported): February 15, 2023 . It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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. Grand Cayman, Cayman. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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. They read the articles and then traced the articles back to the article that . The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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.