* indicates the important links in the menu, After-Market: For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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,. September 19, 2007. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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. These returns cover a period from January 1, 1988 through January 2, 2023. 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 Price to Book ratio or P/B is calculated as market capitalization divided by its book value. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. (844) 978-6257. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Transocean Ltd. Announces Agreement to Acquire Ocean Rig As the name suggests, it's calculated as sales divided by assets. 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. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Value Style - Learn more about the Value Style. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. The Daily Price Change displays the day's percentage price change using the most recently completed close. A ratio of 2 means its assets are twice that of its liabilities. 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. A P/B of 2 means it's selling at 2 times its book value. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with 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). 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 they say, 'price follows volume'. The monthly returns are then compounded to arrive at the annual return. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. TransOcean 2: Rivals - Update 1.2 available. This shows the percentage of profit a company earns on its sales. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. 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. 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. Sign in to your free account to enjoy all that MarketBeat has to offer. Based upon closing prices for each. Cash Flow is a measurement of a company's health. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Breaking News: NE latest news. - The Fly -0.02 (-0.27%) 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 A P/B of 1 means it's selling at its per share book value. Start date: 01/17/2013. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . International Mexico S. de R.L. Home; Topics. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. The analyzed items go beyond simple trend analysis. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Transocean (RIG) Stock Soars on New Contract Announcements Transocean - Latest oil and gas news | Upstream Online Their RIG share price forecasts range from $3.30 to $10.00. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The merger is not subject to any financing condition. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The merger is not subject to any financing condition. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Above 1 means it assets are greater than its liabilities. On Monday, two U.S. discount airlines announced plans to merge. Transocean Beats Investors' Merger Suit Over Safety Record Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Islands KY1-1003 +1 (345) 745-4505 . Transocean Merger Rumors 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. American Consumer News, LLC dba MarketBeat 2010-2023. Jan 7, 2021. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. 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. By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, How major US stock indexes fared Friday 3/3/2023, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, Chief Administrative & Information Officer, EVP. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. And margin rates can vary significantly across these different groups. Why JetBlue Shares Are Up Today | The Motley Fool 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. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. TransOcean - Official Website End date: 01/13 . mesurer votre utilisation de nos sites et applications. This is also referred to as the cash yield. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . In general, a lower number or multiple is usually considered better that a higher one. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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 . The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and Minnesota Steps Closer To Legalizing Cannabis: Former Gov. -- Equal representation on 14-member board, chaired by Robert E. Rose. Earnings estimate revisions are the most important factor influencing stocks prices. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Grand Cayman, Cayman. www.sec.gov 55.16% of the stock of Transocean is held by institutions. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. Export data to Excel for your own analysis. The PEG ratio is the P/E ratio divided by its growth rate. Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (Ocean Rig) (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. 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. 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. 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. Transocean has a P/B Ratio of 0.51. Zacks Premium - The way to access to the Zacks Rank. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. View institutional ownership trends. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Delayed quotes by FIS. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Breaking News: NE latest news. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The cause of this is impossible to tell Transocean will pay approximately $2 . View which stocks are hot on social media with MarketBeat's trending stocks report. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). RIG News Today | Why did Transocean stock go up today? Real time prices by BATS. If you wish to go to ZacksTrade, click OK. Their RIG share price forecasts range from $3.30 to $10.00. 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 . Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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 . So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. Luigs and the midwater floater Songa Delta. 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 . So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. 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. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. The 20 day average establishes this baseline. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. In general, the lower the ratio is the better. The Price to Earnings ratio or P/E is price divided by earnings. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. A P/B of 0.5 means its selling at half its book value. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Of course, different industries will have different growth rates that are considered good. In short, this is how much a company is worth. 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. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. [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 . It's calculated as earnings divided by price. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Many other growth items are considered as well. Cash flow itself is an important item on the income statement. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Transocean has received a consensus rating of Buy. The company's press release can be found here. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Transocean Merger Rumors - zgy.protesidentali.novara.it 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. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey .
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