A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. How good is it? It is used to help gauge a company's financial health. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Transocean's stock is owned by a variety of retail and institutional investors. 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 : SpareBank 1 Markets 2023 Energy Conference Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd 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 . Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. The merger is not subject to any financing condition. This is the Air Japan corporate website, where you can view Corporate Information, Flight Routes, Safety/Flight Information, and CSR Information, etc Cause: In accordance with the terms of the merger agreement, each outstanding ordinary share of Transocean immediately prior to the effective time of the merger was reclassified into (1) 0 BP and Transocean . The consensus among Wall Street analysts is that investors should "buy" RIG shares. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. Grand Cayman, Cayman. 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. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. A D/E ratio of 1 means its debt is equivalent to its common equity. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Transocean-GlobalSantaFe Merger. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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 ratio of 2 means its assets are twice that of its liabilities. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. The Daily Price Change displays the day's percentage price change using the most recently completed close. The 52 week price change is a good reference point. This measure is expressed as a percentage. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean Merger Sparks Consolidation Talk for Other Drillers Transocean Ltd. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Transocean has a P/B Ratio of 0.51. For one, part of trading is being able to get in and out of a stock easily. 55.16% of the stock of Transocean is held by institutions. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. 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. Transocean Partners - Products, Competitors, Financials, Employees 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. and Nauticus Robotics, Inc., a Texas corporation. Get daily stock ideas from top-performing Wall Street analysts. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. The analyst urged Transocean to use the current market crisis to address these issues with its customers. 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. 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. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? A value greater than 1, in general, is not as good (overvalued to its growth rate). Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Search: Csx Merger Rumors. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. 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 Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. are strong. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. Noble-Maersk merger to create world's third-largest - Offshore Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. This longer-term historical perspective lets the user see how a company has grown over time. View RIG analyst ratings or view top-rated stocks. 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 (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. Learn more about Zacks Equity Research reports. Transocean - RIG Stock Forecast, Price & News - MarketBeat The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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.) 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. Sandro Thoma Transocean Ltd. . -0.02 (-0.27%) September 19, 2007. 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. 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 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. On average, they predict the company's stock price to reach $5.91 in the next year. 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). The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Like the P/E ratio, a lower number is considered better. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Transocean Merger Rumors 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. Close Menu. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. World's Biggest Offshore Drilling Companies | Zeymarine Earnings estimate revisions are the most important factor influencing stocks prices. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean has only been the subject of 3 research reports in the past 90 days. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Cash Flow is a measurement of a company's health. 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. Start date: 01/17/2013. Real-time analyst ratings, insider transactions, earnings data, and more. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. ANALYSIS-Mixed view on effect of Transocean merger | Reuters The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Date of report (date of earliest event reported): February 15, 2023 . 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. In short, this is how much a company is worth. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Search: Transocean Merger Rumors. 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. Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it 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. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. End date: 01/13 . Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. View the best growth stocks for 2023 here. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. For example, a regional bank would be classified in the Finance Sector. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. So the PEG ratio tells you what you're paying for each unit of earnings growth. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. The company employs 5,530 workers across the globe. 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. If you wish to go to ZacksTrade, click OK. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance TransOcean 2: Rivals - Update 1.2 available. This is a longer-term price change metric. 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. A P/B of 0.5 means its selling at half its book value. - The Fly. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week It's packed with all of the company's key stats and salient decision making information. These contracts, worth a combined $1.24 billion, span multiple years. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Transocean (RIG) Announces $488 Million Addition to Backlog. 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. 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. The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Transocean/R&B Falcon Merger To Create Largest Offshore Driller 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.. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. A high percentage of insider ownership can be a sign of company health. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. A 'good' number would usually fall within the range of 1.5 to 3. 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. With Dividends Reinvested. In this case, it's the cash flow growth that's being looked at. Transocean has received a consensus rating of Buy. 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. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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 Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. This is also referred to as the cash yield. Above 1 means it assets are greater than its liabilities. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. the Securities Exchange Act of 1934. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. On average, they anticipate the company's stock price to reach $5.91 in the next year. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . During the same period in the previous year, the company posted ($0.19) EPS. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. [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 . The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Of course, different industries will have different growth rates that are considered good. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). This is a medium-term price change metric. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. RIG News Today | Why did Transocean stock go up today? - MarketBeat Main Menu; Markets. 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. Their RIG share price forecasts range from $3.30 to $10.00. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Once again, cash flow is net income plus depreciation and other non-cash charges. 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 Projected EPS Growth looks at the estimated growth rate for one year. 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. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 8. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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.

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