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. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The stock has recently been. 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. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. 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. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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. 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. The median P/B ratio for stocks in the S&P is just over 3. In-depth profiles and analysis for 20,000 public companies. 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. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. This suggests that the stock has a possible downside of 16.5%. Zscaler, Inc Plummets, Is It Time To Buy The Dip? ZacksTrade and Zacks.com are separate companies. 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. This suggests that the stock has a possible downside of 21.3%. Real time prices by BATS. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. See what's happening in the market right now with MarketBeat's real-time news feed. Projected EPS Growth looks at the estimated growth rate for one year. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. 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. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 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 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. Breaking News: NE latest news. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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%). Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? -- Equal representation on 14-member board, chaired by Robert E. Rose. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Their RIG share price forecasts range from $3.30 to $10.00. On average, they anticipate the company's stock price to reach $5.91 in the next year. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. On Monday, two U.S. discount airlines announced plans to merge. 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. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Zacks Rank Education -- Learn more about the Zacks Rank
Transocean's stock is owned by a variety of retail and institutional investors. 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. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. and Nauticus Robotics, Inc., a Texas corporation. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. As they say, 'price follows volume'. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Ventura Makes Personal Testimony. 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. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 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. RIG News Today | Why did Transocean stock go up today? 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 . A D/E ratio of 1 means its debt is equivalent to its common equity. If you wish to go to ZacksTrade, click OK. NASDAQ data is at least 15 minutes delayed. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. The Zacks database contains over 10,000 stocks. Once again, cash flow is net income plus depreciation and other non-cash charges. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. are strong. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. All rights reserved. It's used by investors as a measure of financial health. 55.16% of the stock of Transocean is held by institutions. To learn more, click here. Cash flow itself is an important item on the income statement. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. 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. dvelopper et amliorer nos produits et services. So the PEG ratio tells you what you're paying for each unit of earnings growth. This item is updated at 9 pm EST each day. Pursuant to Section 13 or 15 (d) of. If you do not, click Cancel. A 'good' number would usually fall within the range of 1.5 to 3. Sandro Thoma Transocean Ltd. . 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. The new company, which will operate under the Transocean name, will combine the largest. A ratio of 1 means a company's assets are equal to its liabilities. Transocean Ltd. 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 . According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. But, typically, an aggressive growth trader will be interested in the higher growth rates. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. NYSE and AMEX data is at least 20 minutes delayed. Delayed quotes by FIS. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 8 brokerages have issued 12 month target prices for Transocean's shares. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. 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. So be sure to compare it to its group when comparing stocks in different industries. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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. 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. (1) Per Transoceans internal rig ranking model. The 52 week price change is a good reference point. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. 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. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . See rankings and related performance below. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. Washington, D.C. 20549. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Transocean-GlobalSantaFe Merger. This is also commonly referred to as the Asset Utilization ratio. Grand Cayman, Cayman. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. A higher number means the more debt a company has compared to its capital structure. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. 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. Export data to Excel for your own analysis. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. 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. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. We use cookies to understand how you use our site and to improve your experience. * indicates the important links in the menu, After-Market: 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. 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. Momentum Style - Learn more about the Momentum Style. Get short term trading ideas from the MarketBeat Idea Engine. View institutional ownership trends. The company's press release can be found here. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Visit www.zacksdata.com to get our data and content for your mobile app or website. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Search: Csx Merger Rumors. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. TransOcean 2: Rivals - Update 1.2 available. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Date of report (date of earliest event reported): February 15, 2023 . Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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 . -0.02 (-0.27%) Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. In short, this is how much a company is worth. Zacks Premium - The way to access to the Zacks Rank. A P/B of 1 means it's selling at its per share book value. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The cause of this is impossible to tell Transocean will pay approximately $2 .
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