Transocean has received a consensus rating of Buy. See what's happening in the market right now with MarketBeat's real-time news feed. This is a medium-term price change metric. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The PEG ratio is the P/E ratio divided by its growth rate. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo 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 1 week price change reflects the collective buying and selling sentiment over the short-term. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The Current Ratio is defined as current assets divided by current liabilities. the Securities Exchange Act of 1934. The 20 day average establishes this baseline. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. ROE is always expressed as a percentage. Home; Topics. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. 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 . Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. This is a longer-term price change metric. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. One share of RIG stock can currently be purchased for approximately $7.51. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. September 19, 2007. A P/B of 2 means it's selling at 2 times its book value. Accordingly, the company's. 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. The new company, which will operate under the Transocean name, will combine the largest. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (Ocean Rig) (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. Like earnings, a higher growth rate is better than a lower growth rate. Identify stocks that meet your criteria using seven unique stock screeners. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Grand Cayman, Cayman. To learn more, click here. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. A P/B of 0.5 means its selling at half its book value. This is also commonly referred to as the Asset Utilization ratio. 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. Growth Style - Learn more about the Growth Style. A value under 20 is generally considered good. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? How good is it? Date of report (date of earliest event reported): February 15, 2023 . Zacks Style Scores Education - Learn more about the Zacks Style Scores. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Export data to Excel for your own analysis. What is Transocean's stock price forecast for 2023? The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. 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. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 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. 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 Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. The Price to Sales ratio or P/S is calculated as price divided by sales. Zacks Rank Education -- Learn more about the Zacks Rank Transocean has a P/B Ratio of 0.51. Jan 7, 2021. This measure is expressed as a percentage. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 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. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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.. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Like the P/E ratio, a lower number is considered better. And, of course, the 4 week change helps put the 1 week change into context. 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 offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. It's also commonly referred to as a 'liquidity ratio'. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Bhd., Songa Offshore Management Limited, Songa Offshore Pte. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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 . Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. For example, a regional bank would be classified in the Finance Sector. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. It is essentially the inverse of the P/E ratio. 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. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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. Real time prices by BATS. If you do not, click Cancel. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. So be sure to compare it to its group when comparing stocks in different industries. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Real-time analyst ratings, insider transactions, earnings data, and more. 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. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. We use cookies to understand how you use our site and to improve your experience. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. Delayed quotes by FIS. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Transocean's stock is owned by a variety of retail and institutional investors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. -0.02 (-0.27%) It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Both floaters are currently stacked. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. The Momentum Score takes all of this and more into account. View our RIG earnings forecast. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Compare Top Brokerages Here. Breaking News: NE latest news. A higher number is better than a lower number. This is also referred to as the cash yield. Transocean does not have a long track record of dividend growth. American Consumer News, LLC dba MarketBeat 2010-2023. As the name suggests, it's calculated as sales divided by 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.
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