If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Transocean (RIG) Stock Soars on New Contract Announcements (844) 978-6257. This is also commonly referred to as the Asset Utilization ratio. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd In this case, it's the cash flow growth that's being looked at. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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. Like most ratios, this number will vary from industry to industry. Accordingly, the company's. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? Transocean Merger Sparks Consolidation Talk for Other Drillers Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Transocean Mergers and Acquisitions Summary | Mergr The transaction has been unanimously approved by the board of directors of each company. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The Momentum Score takes all of this and more into account. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Transocean's stock is owned by a variety of retail and institutional investors. 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. ROE values, like other values, can vary significantly from one industry to another. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Cash flow itself is an important item on the income statement. Transocean Ltd. Announces Agreement to Acquire Ocean Rig 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. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Luigs and the midwater floater Songa Delta. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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. Growth of $10,000.00. below): Written communications pursuant to Rule 425 under . NASDAQ data is at least 15 minutes delayed. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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 The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. 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 Merger Rumors - zgy.protesidentali.novara.it Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its It is the most commonly used metric for determining a company's value relative to its earnings. Compare Top Brokerages Here. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Above 1 means it assets are greater than its liabilities. The PEG ratio is the P/E ratio divided by its growth rate. But, typically, an aggressive growth trader will be interested in the higher growth rates. 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. A higher number means the more debt a company has compared to its capital structure. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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. Search: Transocean Merger Rumors. Transocean Partners - Products, Competitors, Financials, Employees The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Why JetBlue Shares Are Up Today | The Motley Fool capital one merger rumors Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. Transocean - RIG Stock Forecast, Price & News - MarketBeat 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. Form 8-K Transocean Ltd. For: Feb 15 View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Zacks Rank Education -- Learn more about the Zacks Rank The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. 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. 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 P/B of 2 means it's selling at 2 times its book value. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Transocean shares have a 52-week. 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. The Daily Price Change displays the day's percentage price change using the most recently completed close. A high percentage of insider ownership can be a sign of company health. Please log in to your account or sign up in order to add this asset to your watchlist. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. 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 consensus among Wall Street analysts is that investors should "buy" RIG shares. A ratio of 1 means a company's assets are equal to its liabilities. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week Growth traders and investors will tend to look for growth rates of 20% or higher. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The company's mobile offshore drilling. Breaking News: NE latest news. - The Fly Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Search: Csx Merger Rumors. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. The Price to Earnings ratio or P/E is price divided by earnings. The Current Ratio is defined as current assets divided by current liabilities. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) It is essentially the inverse of the P/E ratio. 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. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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% . www.sec.gov Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 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). A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. 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. The monthly returns are then compounded to arrive at the annual return. This is also referred to as the cash yield. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? 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. 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. On average, they anticipate the company's stock price to reach $5.91 in the next year. FORM 8-K. CURRENT REPORT. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. It's calculated as earnings divided by price. 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. In-depth profiles and analysis for 20,000 public companies. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Transocean: April 2021 Fleet Status Analysis - SeekingAlpha The official website for the company is www.deepwater.com. Transocean has a P/B Ratio of 0.51. The 1 week price change reflects the collective buying and selling sentiment over the short-term. 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.