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. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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). How were Transocean's earnings last quarter? Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Search: Transocean Merger Rumors. 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 . ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Transocean - Latest oil and gas news | Upstream Online View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. These returns cover a period from January 1, 1988 through January 2, 2023. 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. 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. ROE values, like other values, can vary significantly from one industry to another. 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. 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. 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. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. It's used by investors as a measure of financial health. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal 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. Transocean Stock Split History 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. As they say, 'price follows volume'. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). RIG News Today | Why did Transocean stock go up today? - MarketBeat 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. 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) 0.6996 . On average, they anticipate the company's stock price to reach $5.91 in the next year. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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. -0.02 (-0.27%) Transocean Ltd. (RIG) Stock Price Today, Quote & News Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Value Style - Learn more about the Value Style. 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. Delayed quotes by FIS. 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). 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. 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. 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 (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 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. 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. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Luigs and the midwater floater Songa Delta. 326 E 8th St #105, Sioux Falls, SD 57103 The merger is not subject to any financing condition. dvelopper et amliorer nos produits et services. A P/B of 2 means it's selling at 2 times its book value. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research All rights reserved. Transocean : SpareBank 1 Markets 2023 Energy Conference Rumors - Latest News and breaking headlines - Benzinga A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Transocean denies R&B merger speculation | TradeWinds Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it For example, a regional bank would be classified in the Finance Sector. Their RIG share price forecasts range from $3.30 to $10.00. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance 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. 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". To learn more, click here. Breaking News: NE latest news. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. * indicates the important links in the menu, After-Market: FORM 8-K. CURRENT REPORT. The median P/B ratio for stocks in the S&P is just over 3. Breaking News: NE latest news. - The Fly The transaction has been unanimously approved by the board of directors of each company. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Like the P/E ratio, a lower number is considered better. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. International Mexico S. de R.L. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . The merger is not subject to any financing condition. RIG News Today | Why did Transocean stock go up today? mesurer votre utilisation de nos sites et applications. These contracts, worth a combined $1.24 billion, span multiple years. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with In this case, it's the cash flow growth that's being looked at. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The 52 week price change is a good reference point. If you do not, click Cancel. Transocean Partners - Products, Competitors, Financials, Employees 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. Transocean Ltd. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. A ratio of 2 means its assets are twice that of its liabilities. capital one merger rumors 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% . 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. ROE is always expressed as a percentage. Our daily ratings and market update email newsletter. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. We use cookies to understand how you use our site and to improve your experience. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. And, of course, the 4 week change helps put the 1 week change into context. A P/B of 0.5 means its selling at half its book value. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Growth traders and investors will tend to look for growth rates of 20% or higher. The official website for the company is www.deepwater.com. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. It is the most commonly used metric for determining a company's value relative to its earnings. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. 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. (1) Per Transoceans internal rig ranking model. Transocean: April 2021 Fleet Status Analysis - SeekingAlpha below): Written communications pursuant to Rule 425 under . This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Like most ratios, this number will vary from industry to industry. Export data to Excel for your own analysis. 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. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out 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. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Cash Flow is a measurement of a company's health. Above 1 means it assets are greater than its liabilities. This suggests that the stock has a possible downside of 16.5%. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The 20 day average establishes this baseline. Both floaters are currently stacked. 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. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Transocean's stock was trading at $4.56 at the start of the year. The cause of this is impossible to tell Transocean will pay approximately $2 . Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Transocean has a P/B Ratio of 0.51. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and Get daily stock ideas from top-performing Wall Street analysts. 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. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Our testing substantiates this with the optimum range for price performance between 0-20. As the name suggests, it's calculated as sales divided by assets. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. The Price to Sales ratio or P/S is calculated as price divided by sales. Transocean Ltd. Reports First Quarter 2021 Results Search: Transocean Merger Rumors. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. The company's press release can be found here. 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. (844) 978-6257. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week This longer-term historical perspective lets the user see how a company has grown over time. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Seeing a stock's EPS change over 1 week is important. 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. Volume is a useful item in many ways. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). the Securities Exchange Act of 1934. 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.
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