Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. The stock has recently been. After the P/E ratio, it's one of the most common valuation metrics. The PEG ratio is the P/E ratio divided by its growth rate. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. RIG News Today | Why did Transocean stock go up today? 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. Transocean Merger Rumors - zgy.protesidentali.novara.it A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Sign in to your free account to enjoy all that MarketBeat has to offer. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Search: Transocean Merger Rumors. 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. Like most ratios, this number will vary from industry to industry. This is also referred to as the cash yield. Transocean Ltd. (RIG) Stock Price Today, Quote & News Many other growth items are considered as well. The Price to Earnings ratio or P/E is price divided by earnings. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. House, 4th Floor. NYSE and AMEX data is at least 20 minutes delayed. The company's press release can be found here. TransOcean - Official Website End date: 01/13 . Transocean (RIG) Stock Soars on New Contract Announcements Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. The Zacks database contains over 10,000 stocks. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. Transocean : SpareBank 1 Markets 2023 Energy Conference The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Grand Cayman, Cayman. 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. International Mexico S. de R.L. Transocean has a P/B Ratio of 0.51. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. As the name suggests, it's calculated as sales divided by assets. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. 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. ANALYSIS-Mixed view on effect of Transocean merger | Reuters The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. As they say, 'price follows volume'. Transocean has received a consensus rating of Buy. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. 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 . Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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 Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The 52 week price change is a good reference point. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The merger is not subject to any financing condition. Transocean has only been the subject of 3 research reports in the past 90 days. That means these items are added back into the net income to produce this earnings number. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. 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. 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. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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 A 'good' number would usually fall within the range of 1.5 to 3. 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. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The scores are based on the trading styles of Value, Growth, and Momentum. 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. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. 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. This suggests that the stock has a possible downside of 21.3%. 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% . Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. On Monday, two U.S. discount airlines announced plans to merge. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. 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. This is a longer-term price change metric. Ventura Makes Personal Testimony. Our daily ratings and market update email newsletter. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. One share of RIG stock can currently be purchased for approximately $7.51. 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. Why JetBlue Shares Are Up Today | The Motley Fool Transocean Beats Investors' Merger Suit Over Safety Record In-depth profiles and analysis for 20,000 public companies. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Cash Flow is a measurement of a company's health. 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. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. There are currently 4 hold ratings and 4 buy ratings for the stock. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Transocean, Globalsantafe To Merge - MarineLink The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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 Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. BP - Royal Dutch Shell Plc .com See rankings and related performance below. 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.) 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. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The transaction has been unanimously approved by the board of directors of each company. The 20 day average establishes this baseline. 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. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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 $70 million; The transaction has been unanimously approved by the board of directors of each company; and The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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 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. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. below): Written communications pursuant to Rule 425 under . 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. The income number is listed on a company's Income Statement. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. Transocean - Latest oil and gas news | Upstream Online Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. In general, the lower the ratio is the better. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Transocean bonds surge as driller says it has cured default allegations 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. 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,. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 326 E 8th St #105, Sioux Falls, SD 57103 Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Transocean denies R&B merger speculation | TradeWinds What Predicts That A Company Merger Rumor Will Come True? - Forbes The longer-term perspective helps smooth out short-term events. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. -0.02 (-0.27%) 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. Washington, D.C. 20549. September 19, 2007. Growth Style - Learn more about the Growth Style. Transocean (RIG) Announces $488 Million Addition to Backlog. www.sec.gov The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Date of report (date of earliest event reported): February 15, 2023 . The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. dvelopper et amliorer nos produits et services. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Zacks Rank Education -- Learn more about the Zacks Rank Projected EPS Growth looks at the estimated growth rate for one year. Search: Csx Merger Rumors. 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. 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. In general, a lower number or multiple is usually considered better that a higher one. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Real time prices by BATS. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. 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 . Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. The Momentum Score takes all of this and more into account. 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 . Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. 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 Securities Exchange Act of 1934. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The official website for the company is www.deepwater.com. 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.
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