Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The transaction has been unanimously approved by the board of directors of each company. On average, they predict the company's stock price to reach $5.91 in the next year. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . All rights reserved. In-depth profiles and analysis for 20,000 public companies. The Zacks database contains over 10,000 stocks. The official website for the company is www.deepwater.com. It is used to help gauge a company's financial health. ROE values, like other values, can vary significantly from one industry to another. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 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 Momentum Score takes all of this and more into account. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. 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. A value greater than 1, in general, is not as good (overvalued to its growth rate). The scores are based on the trading styles of Value, Growth, and Momentum. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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 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. 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. mesurer votre utilisation de nos sites et applications. 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. It's used by investors as a measure of financial health. Visit www.zacksdata.com to get our data and content for your mobile app or website. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. and Nauticus Robotics, Inc., a Texas corporation. Real time prices by BATS. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The merger is not subject to any financing condition. are strong. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . The cause of this is impossible to tell Transocean will pay approximately $2 . Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. What is a Good Dividend Yield? below): Written communications pursuant to Rule 425 under . Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. 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). Pursuant to Section 13 or 15 (d) of. 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. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. To learn more, click here. Once again, cash flow is net income plus depreciation and other non-cash charges. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. View RIG analyst ratings or view top-rated stocks. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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% . As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Jan 7, 2021. This is also commonly referred to as the Asset Utilization ratio. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. -- Equal representation on 14-member board, chaired by Robert E. Rose. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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 Fly. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The income number is listed on a company's Income Statement. Of course, different industries will have different growth rates that are considered good. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. In general, the lower the ratio is the better. How good is it? Breaking News: NE latest news. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Many other growth items are considered as well. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. This includes personalizing content and advertising. A P/B of 0.5 means its selling at half its book value. 7:58 PM ET. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. dvelopper et amliorer nos produits et services. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. 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. On average, they anticipate the company's stock price to reach $5.91 in the next year. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. If you wish to go to ZacksTrade, click OK. View which stocks are hot on social media with MarketBeat's trending stocks report. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. The stock has recently been. But they all have their place in the Growth style. The company's press release can be found here. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. This suggests that the stock has a possible downside of 16.5%. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. A D/E ratio of 1 means its debt is equivalent to its common equity. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. contact@marketbeat.com There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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 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). Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship For example, a regional bank would be classified in the Finance Sector. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Start date: 01/17/2013. 12.29% of the stock of Transocean is held by insiders. Transocean stock traded at $4.52 ahead of earnings, but Tuesday's reaction took shares down to $4.41, and on Wednesday they were down another 1.2% to $4.37. Real-time analyst ratings, insider transactions, earnings data, and more. View the best growth stocks for 2023 here. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Sandro Thoma Transocean Ltd. . Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Enterprise Value (EV) is Market Capitalization + Debt - Cash. This suggests that the stock has a possible downside of 21.3%. 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. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Value Style - Learn more about the Value Style. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. 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. If a company's expenses are growing faster than their sales, this will reduce their margins. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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). 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 (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 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. The 52 week price change is a good reference point. It measures a company's ability to pay short-term obligations. Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. Search: Transocean Merger Rumors. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. During the same period in the previous year, the company posted ($0.19) EPS. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. View our RIG earnings forecast. A ratio of 2 means its assets are twice that of its liabilities. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. The Price to Earnings ratio or P/E is price divided by earnings. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. 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. A higher number means the more debt a company has compared to its capital structure. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Our testing substantiates this with the optimum range for price performance between 0-20. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. 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. Zacks Rank Education -- Learn more about the Zacks Rank It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . The 1 week price change reflects the collective buying and selling sentiment over the short-term. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. But, it's made even more meaningful when looking at the longer-term 4 week percent change. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. NYSE and AMEX data is at least 20 minutes delayed. This allows the investor to be as broad or as specific as they want to be when selecting stocks. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 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. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. FREE Breaking News Alerts from StreetInsider.com! Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. For one, part of trading is being able to get in and out of a stock easily. Zacks Ranks stocks can, and often do, change throughout the month. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. In this case, it's the cash flow growth that's being looked at. Based upon closing prices for each. $7.49 To see all exchange delays and terms of use please see Barchart's disclaimer. 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.) It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies.

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