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. 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). Main Menu; Markets. 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. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. That means these items are added back into the net income to produce this earnings number. Nous, Yahoo, faisons partie de la famille de marques Yahoo. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? Like the P/E ratio, a lower number is considered better. 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. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. 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. 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. To learn more, click here. Transocean has only been the subject of 3 research reports in the past 90 days. 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.) Transocean has a P/B Ratio of 0.51. - The Fly. 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. That does not mean that all companies with large growth rates will have a favorable Growth Score. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Our daily ratings and market update email newsletter. 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. 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. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). Our testing substantiates this with the optimum range for price performance between 0-20. -0.02 (-0.27%) 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 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. Both floaters are currently stacked. Shares of RIG stock can be purchased through any online brokerage account. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. 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 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 . Growth Style - Learn more about the Growth Style. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. A higher number means the more debt a company has compared to its capital structure. View RIG analyst ratings or view top-rated stocks. 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. 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. The merger cleared the DOJ after Compass . International Mexico S. de R.L. 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%). 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. So the PEG ratio tells you what you're paying for each unit of earnings growth. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. [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 . M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo below): Written communications pursuant to Rule 425 under . Jeremy D. Thigpen has an approval rating of 60% among the company's employees. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 326 E 8th St #105, Sioux Falls, SD 57103 The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). The Price to Earnings ratio or P/E is price divided by earnings. 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. Transocean Ltd. The cause of this is impossible to tell Transocean will pay approximately $2 . Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. See rankings and related performance below. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. FORM 8-K. CURRENT REPORT. 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. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. FREE Breaking News Alerts from StreetInsider.com! 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. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. There are 17 Sectors, 60 different M Industries, and 265 X Industries. What other stocks do shareholders of Transocean own? But, it's made even more meaningful when looking at the longer-term 4 week percent change. 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. 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. A P/B of 2 means it's selling at 2 times its book value. Please log in to your account or sign up in order to add this asset to your watchlist. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. If a company's expenses are growing faster than their sales, this will reduce their margins. A D/E ratio of 1 means its debt is equivalent to its common equity. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. contact@marketbeat.com Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. The company's mobile offshore drilling. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. And, of course, the 4 week change helps put the 1 week change into context. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Luigs and the midwater floater Songa Delta. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. This allows the investor to be as broad or as specific as they want to be when selecting stocks. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. RIG News Today | Why did Transocean stock go up today? Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Seeing a stock's EPS change over 1 week is important. 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. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. Cash Flow is a measurement of a company's health. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. 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. Growth of $10,000.00. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. One share of RIG stock can currently be purchased for approximately $7.51. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Get short term trading ideas from the MarketBeat Idea Engine. 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 Within each 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 stocks with the highest probability of success. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. If you do not, click Cancel. 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. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 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. The 20 day average establishes this baseline. 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 merger is not subject to any financing condition. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The company employs 5,530 workers across the globe. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. But, typically, an aggressive growth trader will be interested in the higher growth rates. Learn more about Zacks Equity Research reports. Identify stocks that meet your criteria using seven unique stock screeners. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Delayed quotes by FIS. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . As the name suggests, it's calculated as sales divided by assets. 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. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Visit www.zacksdata.com to get our data and content for your mobile app or website. The PEG ratio is the P/E ratio divided by its growth rate. 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 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 EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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 Transocean has received a consensus rating of Buy. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. In many ways, the market's action of repricing the offshore . So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P.
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