Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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. Compare Top Brokerages Here. 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 . Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. It is used to help gauge a company's financial health. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. A P/B of 1 means it's selling at its per share book value. Search: Transocean Merger Rumors. They read the articles and then traced the articles back to the article that . For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Washington, D.C. 20549. 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. A P/B of 0.5 means its selling at half its book value. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 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. Sandro Thoma Transocean Ltd. . 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Momentum Style - Learn more about the Momentum Style. The scores are based on the trading styles of Value, Growth, and Momentum. 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. Close Menu. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). The company's mobile offshore drilling. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . But they all have their place in the Growth style. 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. In this case, it's the cash flow growth that's being looked at. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . Pursuant to Section 13 or 15 (d) of. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. If you wish to go to ZacksTrade, click OK. 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. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. The Daily Price Change displays the day's percentage price change using the most recently completed close. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. ROE is always expressed as a percentage. Santa Fe Supraco Indonesia, PT. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The income number is listed on a company's Income Statement. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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%). Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 8. Volume is a useful item in many ways. These contracts, worth a combined $1.24 billion, span multiple years. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 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. The longer-term perspective helps smooth out short-term events. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? This allows the investor to be as broad or as specific as they want to be when selecting stocks. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. 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. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . In-depth profiles and analysis for 20,000 public companies. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. It measures a company's ability to pay short-term obligations. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. 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. This measure is expressed as a percentage. 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. the Securities Exchange Act of 1934. House, 4th Floor. The Zacks database contains over 10,000 stocks. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. This item is updated at 9 pm EST each day. Once again, cash flow is net income plus depreciation and other non-cash charges. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Jan 7, 2021. How were Transocean's earnings last quarter? Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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 consensus among Wall Street analysts is that investors should "buy" RIG shares. Cash flow itself is an important item on the income statement. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. Transocean has a P/B Ratio of 0.51. 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. 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. Transocean does not have a long track record of dividend growth. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. A 'good' number would usually fall within the range of 1.5 to 3. 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. Both floaters are currently stacked. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. It's also commonly referred to as a 'liquidity ratio'. 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. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. 55.16% of the stock of Transocean is held by institutions. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. During the same period in the previous year, the company posted ($0.19) EPS. DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. This is a medium-term price change metric. On average, they anticipate the company's stock price to reach $5.91 in the next year. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. The new company, which will operate under the Transocean name, will combine the largest. 12.29% of the stock of Transocean is held by insiders. Transocean does not currently pay a dividend. Of course, different industries will have different growth rates that are considered good. The Current Ratio is defined as current assets divided by current liabilities. It is essentially the inverse of the P/E ratio. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean Ltd. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. All of those stocks are classified into three groups: Sector, M Industry and X Industry. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. One share of RIG stock can currently be purchased for approximately $7.51. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. The company employs 5,530 workers across the globe. Transocean has received a consensus rating of Buy. Start date: 01/17/2013. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? FREE Breaking News Alerts from StreetInsider.com! For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. How good is it? afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. This is a medium-term price change metric (like the 4 week price change). 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). 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. 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. [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 . A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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 . Transocean-GlobalSantaFe Merger. 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. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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. below): Written communications pursuant to Rule 425 under . Get daily stock ideas from top-performing Wall Street analysts. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. See rankings and related performance below. 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. 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. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). 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. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank.