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Cash Flow is net income plus depreciation and other non-cash charges. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Transocean Ltd. Date of report (date of earliest event reported): February 15, 2023 . To learn more, click here. The 52 week price change is a good reference point. 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. Transocean/R&B Falcon Merger To Create Largest Offshore Driller The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Projected EPS Growth looks at the estimated growth rate for one year. A P/B of 2 means it's selling at 2 times its book value. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. ROE values, like other values, can vary significantly from one industry to another. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. And margin rates can vary significantly across these different groups. 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.. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Rumors - Latest News and breaking headlines - Benzinga Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. 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. 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. Please log in to your account or sign up in order to add this asset to your watchlist. While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more. NASDAQ data is at least 15 minutes delayed. The longer-term perspective helps smooth out short-term events. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. The median P/B ratio for stocks in the S&P is just over 3. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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 Stock Split History Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. The monthly returns are then compounded to arrive at the annual return. Transocean Ltd. Reports First Quarter 2021 Results A ratio of 1 means a company's assets are equal to its liabilities. International Mexico S. de R.L. The stock has recently been. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 55.16% of the stock of Transocean is held by institutions. Transocean - RIG Stock Forecast, Price & News - MarketBeat And, of course, the 4 week change helps put the 1 week change into context. A high percentage of insider ownership can be a sign of company health. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. All of those stocks are classified into three groups: Sector, M Industry and X Industry. 8 brokerages have issued 12 month target prices for Transocean's shares. 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. Search: Transocean Merger Rumors. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. 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. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? September 19, 2007. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean-GlobalSantaFe Merger - Compass Lexecon For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Compare Top Brokerages Here. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink Zacks Ranks stocks can, and often do, change throughout the month. 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. What Predicts That A Company Merger Rumor Will Come True? - Forbes Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) This is also referred to as the cash yield. 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. RIG News Today | Why did Transocean stock go up today? A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. Ventura Makes Personal Testimony. Transocean's stock is owned by a variety of retail and institutional investors. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. (844) 978-6257. During the same period in the previous year, the company posted ($0.19) EPS. But note, different industries have different margin rates that are considered good. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. It is used to help gauge a company's financial health. $7.49 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The analyzed items go beyond simple trend analysis. 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). In this case, it's the cash flow growth that's being looked at. There are currently 4 hold ratings and 4 buy ratings for the stock. View our RIG earnings forecast. Close Menu. 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. Visit Performance Disclosure for information about the performance numbers displayed above. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Transocean does not have a long track record of dividend growth. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Dear Community, the latest update for TransOcean 2: Rivals just set sail today! The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. For one, part of trading is being able to get in and out of a stock easily. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. On average, they predict the company's stock price to reach $5.91 in the next year. 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%). 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. 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. The Daily Price Change displays the day's percentage price change using the most recently completed close. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. FREE Breaking News Alerts from StreetInsider.com! 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. 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 EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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). Transocean does not currently pay a dividend. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? The new company, which will operate under the Transocean name, will combine the largest. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Transocean : SpareBank 1 Markets 2023 Energy Conference In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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. A 'good' number would usually fall within the range of 1.5 to 3. The income number is listed on a company's Income Statement. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. A value under 20 is generally considered good. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. World's Biggest Offshore Drilling Companies | Zeymarine It is the most commonly used metric for determining a company's value relative to its earnings. and Nauticus Robotics, Inc., a Texas corporation. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. This item is updated at 9 pm EST each day. High institutional ownership can be a signal of strong market trust in this company. 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. 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. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Export data to Excel for your own analysis. Like most ratios, this number will vary from industry to industry. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Their RIG share price forecasts range from $3.30 to $10.00. After the P/E ratio, it's one of the most common valuation metrics. 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. 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. 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 services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . Within the VGM 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 srocks with the highest probability of success. Transocean Merger Sparks Consolidation Talk for Other Drillers 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 . Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Luigs and the midwater floater Songa Delta. In short, this is how much a company is worth. Search: Transocean Merger Rumors. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The merger is not subject to any financing condition. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Like the P/E ratio, a lower number is considered better. NYSE and AMEX data is at least 20 minutes delayed. Growth traders and investors will tend to look for growth rates of 20% or higher. 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 . The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. In general, a lower number or multiple is usually considered better that a higher one. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. 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 in merger deal - ibtimes.com The PEG ratio is the P/E ratio divided by its growth rate. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. But they all have their place in the Growth style. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Transocean Ltd. Announces Agreement to Acquire Ocean Rig Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Zacks Premium - The way to access to the Zacks Rank. 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. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . This shows the percentage of profit a company earns on its sales. So be sure to compare it to its group when comparing stocks in different industries. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, How major US stock indexes fared Friday 3/3/2023, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, Chief Administrative & Information Officer, EVP. The 1 week price change reflects the collective buying and selling sentiment over the short-term. 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.