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This measure is expressed as a percentage. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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.. The monthly returns are then compounded to arrive at the annual return. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. The company's mobile offshore drilling. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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. Real time prices by BATS. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Cash flow can be found on the cash flow statement. Visit Performance Disclosure for information about the performance numbers displayed above. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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.) Date of report (date of earliest event reported): February 15, 2023 . 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. ZacksTrade and Zacks.com are separate companies. As Transocean has already committed to voting its approximately 21.3 million common units in favor of the merger, a vote in favor of the merger by approximately 9.9 million (or approximately 50.1% . Washington, D.C. 20549. One share of RIG stock can currently be purchased for approximately $7.51. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. A P/B of 1 means it's selling at its per share book value. This shows the percentage of profit a company earns on its sales. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 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But, it's made even more meaningful when looking at the longer-term 4 week percent change. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Growth Style - Learn more about the Growth Style. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. FREE Breaking News Alerts from StreetInsider.com! 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. Sandro Thoma Transocean Ltd. . The cause of this is impossible to tell Transocean will pay approximately $2 . Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Search: Csx Merger Rumors. 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. 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 . 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. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. (1) Per Transoceans internal rig ranking model. Transocean Ltd. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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 This is also commonly referred to as the Asset Utilization ratio. The company was founded in 1926 and is based in Steinhausen,. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. 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. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Like earnings, a higher growth rate is better than a lower growth rate. 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 D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean (RIG) Announces $488 Million Addition to Backlog. Transocean does not currently pay a dividend. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 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. 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. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 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 . It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Export data to Excel for your own analysis. 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 . This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). 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,. Learn more about Zacks Equity Research reports. 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. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. Search: Transocean Merger Rumors. The merger is not subject to any financing condition. 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. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. 326 E 8th St #105, Sioux Falls, SD 57103 The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Growth of $10,000.00. If you do not, click Cancel. Many other growth items are considered as well. dvelopper et amliorer nos produits et services. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The 1 week price change reflects the collective buying and selling sentiment over the short-term. The PEG ratio is the P/E ratio divided by its growth rate. A high percentage of insider ownership can be a sign of company health. 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 For example, a regional bank would be classified in the Finance Sector. Value Style - Learn more about the Value Style. $7.49 And like the P/E ratio, a lower number is typically considered 'better' than a higher number. RIG News Today | Why did Transocean stock go up today? If you wish to go to ZacksTrade, click OK. It's calculated as earnings divided by price. See rankings and related performance below. 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. NYSE and AMEX data is at least 20 minutes delayed. Our testing substantiates this with the optimum range for price performance between 0-20. Delayed quotes by FIS. The 52 week price change is a good reference point. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. 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. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. This suggests that the stock has a possible downside of 21.3%. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo We use cookies to understand how you use our site and to improve your experience. 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. This is also referred to as the cash yield. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. 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. In short, this is how much a company is worth. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. . Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Ventura Makes Personal Testimony. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. And margin rates can vary significantly across these different groups. Islands KY1-1003 +1 (345) 745-4505 . It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. mesurer votre utilisation de nos sites et applications. These returns cover a period from January 1, 1988 through January 2, 2023. 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. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. A higher number is better than a lower number. It measures a company's ability to pay short-term obligations. This longer-term historical perspective lets the user see how a company has grown over time. 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. 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. The 20 day average establishes this baseline. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. A value greater than 1, in general, is not as good (overvalued to its growth rate). de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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. Net Margin is defined as net income divided by sales. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? In general, the lower the ratio is the better. 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. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Based upon closing prices for each. It's used by investors as a measure of financial health. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Pursuant to Section 13 or 15 (d) of. 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 median P/B ratio for stocks in the S&P is just over 3. Should I buy or sell Transocean stock right now? 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. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. In general, a lower number or multiple is usually considered better that a higher one. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days.
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