September 19, 2007. are strong. 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. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? In-depth profiles and analysis for 20,000 public companies. This is a medium-term price change metric (like the 4 week price change). Cash flow itself is an important item on the income statement. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. ZacksTrade and Zacks.com are separate companies. A value under 20 is generally considered good. Once again, cash flow is net income plus depreciation and other non-cash charges. 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%). Close Menu. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. 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. 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 . Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Search: Csx Merger Rumors. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. 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. [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 . Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. 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. This includes personalizing content and advertising. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Get daily stock ideas from top-performing Wall Street analysts. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. A 'good' number would usually fall within the range of 1.5 to 3. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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 company's revenue for the quarter was down 2.4% compared to the same quarter last year. Home; Topics. A ratio of 1 means a company's assets are equal to its liabilities. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Main Menu; Markets. If a company's expenses are growing faster than their sales, this will reduce their margins. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Cash Flow is a measurement of a company's health. The analyzed items go beyond simple trend analysis. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. 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. 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 . 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. This measure is expressed as a percentage. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. View which stocks are hot on social media with MarketBeat's trending stocks report. Grand Cayman, Cayman. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. 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. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. What is Transocean's stock price forecast for 2023? 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 Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. 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. On Monday, two U.S. discount airlines announced plans to merge. The transaction has been unanimously approved by the board of directors of each company. Transocean shares have a 52-week. View RIG analyst ratings or view top-rated stocks. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . This is a longer-term price change metric. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Breaking News: NE latest news. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. The company's mobile offshore drilling. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Net Margin is defined as net income divided by sales. 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. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. It's packed with all of the company's key stats and salient decision making information. Current Cash Flow Growth measures the percent change in the year over year 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. Zacks Ranks stocks can, and often do, change throughout the month. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. In general, the lower the ratio is the better. So be sure to compare it to its group when comparing stocks in different industries. The analyst urged Transocean to use the current market crisis to address these issues with its customers. 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. Search: Transocean Merger Rumors. 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 . 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. Seeing a stock's EPS change over 1 week is important. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. 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 simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. It's calculated as earnings divided by price. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. 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. This item is updated at 9 pm EST each day. 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. 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. How good is it? High institutional ownership can be a signal of strong market trust in this company. 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). Shares of RIG stock can be purchased through any online brokerage account. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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. Transocean does not have a long track record of dividend growth. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. 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 a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Transocean has only been the subject of 3 research reports in the past 90 days. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. How were Transocean's earnings last quarter? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Real-time analyst ratings, insider transactions, earnings data, and more. A ratio of 2 means its assets are twice that of its liabilities. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . FORM 8-K. CURRENT REPORT. The company employs 5,530 workers across the globe. 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. below): Written communications pursuant to Rule 425 under . American Consumer News, LLC dba MarketBeat 2010-2023. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Like earnings, a higher growth rate is better than a lower growth rate. Above 1 means it assets are greater than its liabilities. Growth of $10,000.00. 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. Projected EPS Growth looks at the estimated growth rate for one year. It's then divided by the number of shares outstanding to determine how much cash is generated per share. A P/B of 0.5 means its selling at half its book value. Identify stocks that meet your criteria using seven unique stock screeners. The 52 week price change is a good reference point. Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. 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 Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. What other stocks do shareholders of Transocean own? 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. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Export data to Excel for your own analysis. Jan 7, 2021. 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.
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