* indicates the important links in the menu, After-Market: This is also commonly referred to as the Asset Utilization ratio. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Transocean Ltd. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. 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. 8 brokerages have issued 12 month target prices for Transocean's shares. 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. Volume is a useful item in many ways. This is a medium-term price change metric. 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. Accordingly, the company's. 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 merger cleared the DOJ after Compass . 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 . Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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 Washington, D.C. 20549. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Many other growth items are considered as well. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Grand Cayman, Cayman. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. 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. 8 equities research analysts have issued 1 year target prices for Transocean's shares. View the best growth stocks for 2023 here. 12.29% of the stock of Transocean is held by insiders. It is the most commonly used metric for determining a company's value relative to its earnings. Net Margin is defined as net income divided by sales. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. And, of course, the 4 week change helps put the 1 week change into context. Identify stocks that meet your criteria using seven unique stock screeners. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. For example, a regional bank would be classified in the Finance Sector. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. How good is it? Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). Growth traders and investors will tend to look for growth rates of 20% or higher. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Transocean's stock is owned by a variety of retail and institutional investors. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Search: Transocean Merger Rumors. In general, a lower number or multiple is usually considered better that a higher one. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. All rights reserved. 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. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 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. It is essentially the inverse of the P/E ratio. 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. Luigs and the midwater floater Songa Delta. A P/B of 2 means it's selling at 2 times its book value. 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. Pursuant to Section 13 or 15 (d) of. The Price to Earnings ratio or P/E is price divided by earnings. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. Within each 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 stocks with the highest probability of success. Visit Performance Disclosure for information about the performance numbers displayed above. 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 simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Breaking News: NE latest news. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. ZacksTrade and Zacks.com are separate companies. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. And margin rates can vary significantly across these different groups. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. ROE is always expressed as a percentage. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. A D/E ratio of 1 means its debt is equivalent to its common equity. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. FORM 8-K. CURRENT REPORT. The 52 week price change is a good reference point. This is also referred to as the cash yield. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? $7.49 Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. and Nauticus Robotics, Inc., a Texas corporation. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. [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 . are strong. Get daily stock ideas from top-performing Wall Street analysts. dvelopper et amliorer nos produits et services. American Consumer News, LLC dba MarketBeat 2010-2023. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Search: Transocean Merger Rumors. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. 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,. 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. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Transocean Ltd. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Search: Csx Merger Rumors. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. (1) Per Transoceans internal rig ranking model. 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. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. So be sure to compare it to its group when comparing stocks in different industries. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. The scores are based on the trading styles of Value, Growth, and Momentum. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Sign in to your free account to enjoy all that MarketBeat has to offer. 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. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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 . 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. Jan 7, 2021. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Cash Flow is a measurement of a company's health. TransOcean 2: Rivals - Update 1.2 available. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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. View institutional ownership trends. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. (844) 978-6257. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. This includes personalizing content and advertising. 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. View RIG analyst ratings or view top-rated stocks. A high percentage of insider ownership can be a sign of company health. 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. 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. 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. 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% . Value Style - Learn more about the Value Style. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. A value under 20 is generally considered good. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). The merger is not subject to any financing condition. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. The monthly returns are then compounded to arrive at the annual return. This suggests that the stock has a possible downside of 21.3%. 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. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Cash Flow is net income plus depreciation and other non-cash charges. 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. Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. contact@marketbeat.com Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. What is a Good Dividend Yield? Export data to Excel for your own analysis. FREE Breaking News Alerts from StreetInsider.com! The company's mobile offshore drilling. The analyst urged Transocean to use the current market crisis to address these issues with its customers. The Daily Price Change displays the day's percentage price change using the most recently completed close. the Securities Exchange Act of 1934. A P/B of 1 means it's selling at its per share book value. Ventura Makes Personal Testimony. 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. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Close Menu. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. There are currently 4 hold ratings and 4 buy ratings for the stock. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. That does not mean that all companies with large growth rates will have a favorable Growth Score. See what's happening in the market right now with MarketBeat's real-time news feed. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Date of report (date of earliest event reported): February 15, 2023 . A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. 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. It's used by investors as a measure of financial health. On Monday, two U.S. discount airlines announced plans to merge. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. In-depth profiles and analysis for 20,000 public companies. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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 Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. But they all have their place in the Growth style. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. A higher number means the more debt a company has compared to its capital structure. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Get short term trading ideas from the MarketBeat Idea Engine. 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.