Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Islands KY1-1003 +1 (345) 745-4505 . All rights reserved. These returns cover a period from January 1, 1988 through January 2, 2023. Transocean (RIG) is a Great Momentum Stock: Should You Buy? In general, the lower the ratio is the better. View institutional ownership trends. 8. We use cookies to understand how you use our site and to improve your experience. Transocean shares have a 52-week. A higher number means the more debt a company has compared to its capital structure. 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. Seeing a stock's EPS change over 1 week is important. A 'good' number would usually fall within the range of 1.5 to 3. The Price to Sales ratio or P/S is calculated as price divided by sales. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. FORM 8-K. CURRENT REPORT. $7.49 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. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Transocean has a P/B Ratio of 0.51. This allows the investor to be as broad or as specific as they want to be when selecting stocks. This shows the percentage of profit a company earns on its sales. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. View which stocks are hot on social media with MarketBeat's trending stocks report. ROE values, like other values, can vary significantly from one industry to another. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Date of report (date of earliest event reported): February 15, 2023 . Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. -- Equal representation on 14-member board, chaired by Robert E. Rose. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. It's calculated as earnings divided by price. On Monday, two U.S. discount airlines announced plans to merge. 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. 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . 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 . Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Grand Cayman, Cayman. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. 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. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. Search: Transocean Merger Rumors. This suggests that the stock has a possible downside of 16.5%. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. 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. View our RIG earnings forecast. Zacks Ranks stocks can, and often do, change throughout the month. With Dividends Reinvested. 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. Identify stocks that meet your criteria using seven unique stock screeners. Transocean's stock was trading at $4.56 at the start of the year. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. Delayed quotes by FIS. High institutional ownership can be a signal of strong market trust in this company. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Projected EPS Growth looks at the estimated growth rate for one year. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The longer-term perspective helps smooth out short-term events. All of those stocks are classified into three groups: Sector, M Industry and X Industry. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. The 20 day average establishes this baseline. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Like the P/E ratio, a lower number is considered better. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Search: Transocean Merger Rumors. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 8 brokerages have issued 12 month target prices for Transocean's shares. - The Fly. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. 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 Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 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. 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. On average, they anticipate the company's stock price to reach $5.91 in the next year. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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,. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. But, it's made even more meaningful when looking at the longer-term 4 week percent change. 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. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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. 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 . Their RIG share price forecasts range from $3.30 to $10.00. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. The official website for the company is www.deepwater.com. The PEG ratio is the P/E ratio divided by its growth rate. Earnings estimate revisions are the most important factor influencing stocks prices. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. The scores are based on the trading styles of Value, Growth, and Momentum. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. FREE Breaking News Alerts from StreetInsider.com! A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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 Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Jan 7, 2021. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Learn more about Zacks Equity Research reports. Our daily ratings and market update email newsletter. 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. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. See what's happening in the market right now with MarketBeat's real-time news feed. 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 (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Real-time analyst ratings, insider transactions, earnings data, and more. Transocean (RIG) Announces $488 Million Addition to Backlog. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. 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. 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. 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. One share of RIG stock can currently be purchased for approximately $7.51. (1) Per Transoceans internal rig ranking model. Both floaters are currently stacked. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Breaking News: NE latest news. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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. Once again, cash flow is net income plus depreciation and other non-cash charges. In general, a lower number or multiple is usually considered better that a higher one. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. And, of course, the 4 week change helps put the 1 week change into context.
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