Transocean Ltd. Islands KY1-1003 +1 (345) 745-4505 . Since then, RIG stock has increased by 64.7% and is now trading at $7.51. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. To see all exchange delays and terms of use please see Barchart's disclaimer. It is essentially the inverse of the P/E ratio. 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. Transocean-GlobalSantaFe Merger. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. All of those stocks are classified into three groups: Sector, M Industry and X Industry. 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. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. The 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Once again, cash flow is net income plus depreciation and other non-cash charges. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. This item is updated at 9 pm EST each day. Zacks Rank Education -- Learn more about the Zacks Rank Volume is a useful item in many ways. It's packed with all of the company's key stats and salient decision making information. 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. Earnings estimate revisions are the most important factor influencing stocks prices. It's then divided by the number of shares outstanding to determine how much cash is generated per share. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Transocean's stock was trading at $4.56 at the start of the year. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. Cash Flow is a measurement of a company's health. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. 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. One share of RIG stock can currently be purchased for approximately $7.51. 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. 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. Growth Style - Learn more about the Growth Style. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. They read the articles and then traced the articles back to the article that . 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 . At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo below): Written communications pursuant to Rule 425 under . 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 Transocean Ltd. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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. NASDAQ data is at least 15 minutes delayed. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. The consensus among Wall Street analysts is that investors should "buy" RIG shares. It's calculated as earnings divided by price. 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. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. The longer-term perspective helps smooth out short-term events. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 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. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Identify stocks that meet your criteria using seven unique stock screeners. 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. Transocean (RIG) Announces $488 Million Addition to Backlog. Search: Transocean Merger Rumors. The merger is not subject to any financing condition. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. 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). Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Ventura Makes Personal Testimony. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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. 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. 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 contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. 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. Accordingly, the company's. Sign in to your free account to enjoy all that MarketBeat has to offer. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. But they all have their place in the Growth style. This suggests that the stock has a possible downside of 16.5%. Real time prices by BATS. As the name suggests, it's calculated as sales divided by assets. 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. Above 1 means it assets are greater than its liabilities. . 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 20 day average establishes this baseline. This is also referred to as the cash yield. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Transocean has only been the subject of 3 research reports in the past 90 days. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. A value greater than 1, in general, is not as good (overvalued to its growth rate). Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. In this case, it's the cash flow growth that's being looked at. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Please log in to your account or sign up in order to add this asset to your watchlist. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. A P/B of 1 means it's selling at its per share book value. and Nauticus Robotics, Inc., a Texas corporation. 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. It is the most commonly used metric for determining a company's value relative to its earnings. 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. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). What is a Good Dividend Yield? 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. This is a medium-term price change metric (like the 4 week price change). The stock has recently been. Search: Csx Merger Rumors. Many other growth items are considered as well. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. -0.02 (-0.27%) Compare Top Brokerages Here. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. are strong. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Home; Topics. 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. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. That means these items are added back into the net income to produce this earnings number. If you do not, click Cancel. Start date: 01/17/2013. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Transocean has received a consensus rating of Buy. 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. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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. 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. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. On average, they predict the company's stock price to reach $5.91 in the next year. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. So be sure to compare it to its group when comparing stocks in different industries. 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. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. A higher number means the more debt a company has compared to its capital structure. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. Export data to Excel for your own analysis. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. But, it's made even more meaningful when looking at the longer-term 4 week percent change. dvelopper et amliorer nos produits et services. 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. This longer-term historical perspective lets the user see how a company has grown over time. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R.
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