Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. NYSE and AMEX data is at least 20 minutes delayed. Wednesday's top analyst upgrades and downgrades included, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 326 E 8th St #105, Sioux Falls, SD 57103 Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. A 'good' number would usually fall within the range of 1.5 to 3. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 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. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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 . Minnesota Steps Closer To Legalizing Cannabis: Former Gov. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Transocean Ltd. View our RIG earnings forecast. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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. Earnings estimate revisions are the most important factor influencing stocks prices. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. In-depth profiles and analysis for 20,000 public companies. September 19, 2007. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. In general, a lower number or multiple is usually considered better that a higher one. Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. This is also commonly referred to as the Asset Utilization ratio. GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), ("Ocean Rig" or the "Company"), an international contractor of offshore deepwater drilling services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Transocean (RIG) Announces $488 Million Addition to Backlog. 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. 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. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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. Like most ratios, this number will vary from industry to industry. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Santa Fe Supraco Indonesia, PT. Get daily stock ideas from top-performing Wall Street analysts. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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 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. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. The 1 week price change reflects the collective buying and selling sentiment over the short-term. 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. 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% . 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. 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 Based upon closing prices for each. 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 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Zacks Rank Education -- Learn more about the Zacks Rank [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 . The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. FORM 8-K. CURRENT REPORT. 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. A ratio of 2 means its assets are twice that of its liabilities. 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. Transocean's stock is owned by a variety of retail and institutional investors. -0.02 (-0.27%) 8 equities research analysts have issued 1 year target prices for Transocean's shares. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. It is the most commonly used metric for determining a company's value relative to its earnings. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Washington, D.C. 20549. All rights reserved. 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,. Search: Csx Merger Rumors. As they say, 'price follows volume'. It is used to help gauge a company's financial health. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Real time prices by BATS. After the P/E ratio, it's one of the most common valuation metrics. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. A high percentage of insider ownership can be a sign of company health. Grand Cayman, Cayman. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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. 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.