In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. They read the articles and then traced the articles back to the article that . Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. In short, this is how much a company is worth. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Breaking News: NE latest news. 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. 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 . The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 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. Zacks Ranks stocks can, and often do, change throughout the month. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Pursuant to Section 13 or 15 (d) of. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. 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. 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. 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. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. 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 in your personal trading style. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. 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, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary But, typically, an aggressive growth trader will be interested in the higher growth rates. 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. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. ROE is always expressed as a percentage. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Our testing substantiates this with the optimum range for price performance between 0-20. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Search: Transocean Merger Rumors. The stock has recently been. 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. A higher number means the more debt a company has compared to its capital structure. Visit Performance Disclosure for information about the performance numbers displayed above. The 20 day average establishes this baseline. 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. NYSE and AMEX data is at least 20 minutes delayed. Like the P/E ratio, a lower number is considered better. View institutional ownership trends. [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 . Sandro Thoma Transocean Ltd. . . This includes personalizing content and advertising. Transocean-GlobalSantaFe Merger. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. As they say, 'price follows volume'. The scores are based on the trading styles of Value, Growth, and Momentum. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. Please log in to your account or sign up in order to add this asset to your watchlist. Home; Topics. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. The merger is not subject to any financing condition. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. 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 If you wish to go to ZacksTrade, click OK. Identify stocks that meet your criteria using seven unique stock screeners. This measure is expressed as a percentage. 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. dvelopper et amliorer nos produits et services. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Jan 7, 2021. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. One share of RIG stock can currently be purchased for approximately $7.51. It's calculated as earnings divided by price. Of course, different industries will have different growth rates that are considered good. 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 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. The new company, which will operate under the Transocean name, will combine the largest. 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. 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). It's used by investors as a measure of financial health. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The consensus among Wall Street analysts is that investors should "buy" RIG shares. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A value under 20 is generally considered good. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. The median P/B ratio for stocks in the S&P is just over 3. But note, different industries have different margin rates that are considered good. Should I buy or sell Transocean stock right now? Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. This item is updated at 9 pm EST each day. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Earnings estimate revisions are the most important factor influencing stocks prices. 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. * indicates the important links in the menu, After-Market: Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. 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. The 1 week price change reflects the collective buying and selling sentiment over the short-term. This suggests that the stock has a possible downside of 21.3%. Transocean's stock was trading at $4.56 at the start of the year. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. For example, a regional bank would be classified in the Finance Sector. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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 does not currently pay a dividend. 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. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. A value greater than 1, in general, is not as good (overvalued to its growth rate). Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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 . A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. (844) 978-6257. 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. 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. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 12.29% of the stock of Transocean is held by insiders. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Transocean has only been the subject of 3 research reports in the past 90 days. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Islands KY1-1003 +1 (345) 745-4505 . 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. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Cash Flow is net income plus depreciation and other non-cash charges. 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. All of those stocks are classified into three groups: Sector, M Industry and X Industry. 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. To learn more, click here. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. On average, they predict the company's stock price to reach $5.91 in the next year. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. Get daily stock ideas from top-performing Wall Street analysts. the Securities Exchange Act of 1934. 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 company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Export data to Excel for your own analysis. Both floaters are currently stacked. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. (1) Per Transoceans internal rig ranking model. It measures a company's ability to pay short-term obligations. Above 1 means it assets are greater than its liabilities. In-depth profiles and analysis for 20,000 public companies. Learn more about Zacks Equity Research reports. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. After the P/E ratio, it's one of the most common valuation metrics. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. 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. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Many other growth items are considered as well. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Cash Flow is a measurement of a company's health. The 52 week price change is a good reference point. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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. In general, the lower the ratio is the better. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. But they all have their place in the Growth style. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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 Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The merger is not subject to any financing condition. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. On average, they anticipate the company's stock price to reach $5.91 in the next year. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. As the name suggests, it's calculated as sales divided by assets. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. 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. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. 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. 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. The company was founded in 1926 and is based in Steinhausen,. Zacks Style Scores Education - Learn more about the Zacks Style Scores. A ratio of 2 means its assets are twice that of its liabilities. Like earnings, a higher growth rate is better than a lower growth rate. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. It's also commonly referred to as a 'liquidity ratio'. 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. 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. The longer-term perspective helps smooth out short-term events. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Search: Transocean Merger Rumors. Transocean Ltd. 55.16% of the stock of Transocean is held by institutions.