Zacks Premium - The way to access to the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The official website for the company is www.deepwater.com. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. World's Biggest Offshore Drilling Companies | Zeymarine Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. To learn more, click here. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. It 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). A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with 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. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. 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. Search: Transocean Merger Rumors. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Transocean Inc. and GlobalSantaFe Corporation Agree to Combine are strong. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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 . Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Transocean (RIG) Stock Soars on New Contract Announcements It's then divided by the number of shares outstanding to determine how much cash is generated per share. This shows the percentage of profit a company earns on its sales. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. Transocean Merger Sparks Consolidation Talk for Other Drillers Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. Transocean: April 2021 Fleet Status Analysis - SeekingAlpha View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. 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. Transocean has a P/B Ratio of 0.51. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. Their RIG share price forecasts range from $3.30 to $10.00. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink 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. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Seeing a stock's EPS change over 1 week is important. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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 On Monday, two U.S. discount airlines announced plans to merge. Transocean does not have a long track record of dividend growth. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out One share of RIG stock can currently be purchased for approximately $7.51. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Growth traders and investors will tend to look for growth rates of 20% or higher. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Start date: 01/17/2013. The new company, which will operate under the Transocean name, will combine the largest. 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 denies R&B merger speculation | TradeWinds Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal Transocean's stock is owned by a variety of retail and institutional investors. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. This is also commonly referred to as the Asset Utilization ratio. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. A D/E ratio of 1 means its debt is equivalent to its common equity. All rights reserved. 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. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". A higher number is better than a lower number. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. A higher number means the more debt a company has compared to its capital structure. 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 . Pursuant to Section 13 or 15 (d) of. Our testing substantiates this with the optimum range for price performance between 0-20. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Rumors - Latest News and breaking headlines - Benzinga This includes personalizing content and advertising. A value under 20 is generally considered good. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. These contracts, worth a combined $1.24 billion, span multiple years. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. 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's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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. Jan 7, 2021. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. In many ways, the market's action of repricing the offshore . Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. Transocean Beats Investors' Merger Suit Over Safety Record That means these items are added back into the net income to produce this earnings number. Zacks Ranks stocks can, and often do, change throughout the month. These returns cover a period from January 1, 1988 through January 2, 2023. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 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 (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. 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. 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%). 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Should I buy or sell Transocean stock right now? There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. And margin rates can vary significantly across these different groups. (1) Per Transoceans internal rig ranking model. Transocean has only been the subject of 3 research reports in the past 90 days. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Net Margin is defined as net income divided by sales. That does not mean that all companies with large growth rates will have a favorable Growth Score. How good is it? Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Both floaters are currently stacked. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. What is Transocean's stock price forecast for 2023? 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 High institutional ownership can be a signal of strong market trust in this company. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Transocean Ltd. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 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. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Our daily ratings and market update email newsletter. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 7:58 PM ET. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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). The 20 day average establishes this baseline. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. In general, the lower the ratio is the better. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. View institutional ownership trends. Search: Transocean Merger Rumors. 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. 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. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Transocean does not currently pay a dividend. The scores are based on the trading styles of Value, Growth, and Momentum. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Shares of RIG stock can be purchased through any online brokerage account. Many other growth items are considered as well. Like the P/E ratio, a lower number is considered better. 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. A P/B of 0.5 means its selling at half its book value. 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. And, of course, the 4 week change helps put the 1 week change into context. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq In short, this is how much a company is worth. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. The company's mobile offshore drilling. Offshore Drilling: These Rig Companies Could Be Takeover Candidates View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Transocean, Globalsantafe To Merge - MarineLink The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. This allows the investor to be as broad or as specific as they want to be when selecting stocks. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Growth Style - Learn more about the Growth Style. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. $7.49 326 E 8th St #105, Sioux Falls, SD 57103 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. 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. This item is updated at 9 pm EST each day. The merger is not subject to any financing condition. After the P/E ratio, it's one of the most common valuation metrics. Transocean-GlobalSantaFe Merger. 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. We use cookies to understand how you use our site and to improve your experience. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Washington, D.C. 20549. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. So the PEG ratio tells you what you're paying for each unit of earnings growth.

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