The company's press release can be found here. Like most ratios, this number will vary from industry to industry. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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). House, 4th Floor. Transocean does not have a long track record of dividend growth. One share of RIG stock can currently be purchased for approximately $7.51. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. View RIG analyst ratings or view top-rated stocks. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Their RIG share price forecasts range from $3.30 to $10.00. Grand Cayman, Cayman. These returns cover a period from January 1, 1988 through January 2, 2023. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Santa Fe Supraco Indonesia, PT. The Current Ratio is defined as current assets divided by current liabilities. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. 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% . and Nauticus Robotics, Inc., a Texas corporation. This is also commonly referred to as the Asset Utilization ratio. These contracts, worth a combined $1.24 billion, span multiple years. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. They read the articles and then traced the articles back to the article that . If you do not, click Cancel. A P/B of 0.5 means its selling at half its book value. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . 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. . Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. TransOcean 2: Rivals - Update 1.2 available. [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 . 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. Above 1 means it assets are greater than its liabilities. The monthly returns are then compounded to arrive at the annual return. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. In short, this is how much a company is worth. Compare Top Brokerages Here. RIG News Today | Why did Transocean stock go up today? 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. Search: Transocean Merger Rumors. 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. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. 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. The new company, which will operate under the Transocean name, will combine the largest. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 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. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 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. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. View our RIG earnings forecast. 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. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. September 19, 2007. For one, part of trading is being able to get in and out of a stock easily. Cash Flow is a measurement of a company's health. To see all exchange delays and terms of use please see Barchart's disclaimer. But they all have their place in the Growth style. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Seeing a stock's EPS change over 1 week is important. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. 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. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. A value under 20 is generally considered good. Transocean has a P/B Ratio of 0.51. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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 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 . Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. 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. Their RIG share price forecasts range from $3.30 to $10.00. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Enterprise Value (EV) is Market Capitalization + Debt - Cash. In many ways, the market's action of repricing the offshore . The merger is not subject to any financing condition. are strong. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. It is essentially the inverse of the P/E ratio. 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.. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. And, of course, the 4 week change helps put the 1 week change into context. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Net Margin is defined as net income divided by sales. Get daily stock ideas from top-performing Wall Street analysts. But, typically, an aggressive growth trader will be interested in the higher growth rates. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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). In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. Based upon closing prices for each. 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 . Our daily ratings and market update email newsletter. It's packed with all of the company's key stats and salient decision making information. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. This allows the investor to be as broad or as specific as they want to be when selecting stocks. The Price to Sales ratio or P/S is calculated as price divided by sales. Zacks Premium - The way to access to the Zacks Rank. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Cash Flow is net income plus depreciation and other non-cash charges. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. The cause of this is impossible to tell Transocean will pay approximately $2 . The analyzed items go beyond simple trend analysis. 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. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. If a company's expenses are growing faster than their sales, this will reduce their margins. The Price to Earnings ratio or P/E is price divided by earnings. Islands KY1-1003 +1 (345) 745-4505 . 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. The longer-term perspective helps smooth out short-term events. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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 Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. What other stocks do shareholders of Transocean own? Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) -- Equal representation on 14-member board, chaired by Robert E. Rose. Transocean does not currently pay a dividend. 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. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. dvelopper et amliorer nos produits et services. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Projected EPS Growth looks at the estimated growth rate for one year. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. Accordingly, the company's. In general, the lower the ratio is the better. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Value Style - Learn more about the Value Style. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. 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. This includes personalizing content and advertising.