In general, a lower number or multiple is usually considered better that a higher one. The monthly returns are then compounded to arrive at the annual return. How were Transocean's earnings last quarter? But note, different industries have different margin rates that are considered good. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. It's used by investors as a measure of financial health. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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 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. 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 Inc. 36C Dr. Roy's Drive, Bermuda. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Transocean shares have a 52-week. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. It is used to help gauge a company's financial health. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. But, typically, an aggressive growth trader will be interested in the higher growth rates. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The company's mobile offshore drilling. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). below): Written communications pursuant to Rule 425 under . 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. This is also commonly referred to as the Asset Utilization ratio. American Consumer News, LLC dba MarketBeat 2010-2023. Like earnings, a higher growth rate is better than a lower growth rate. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Visit www.zacksdata.com to get our data and content for your mobile app or website. Search: Transocean Merger Rumors. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 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. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. The income number is listed on a company's Income Statement. As the name suggests, it's calculated as sales divided by assets. In many ways, the market's action of repricing the offshore . 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. Transocean has received a consensus rating of Buy. Sandro Thoma Transocean Ltd. . 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. Their RIG share price forecasts range from $3.30 to $10.00. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Volume is a useful item in many ways. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. See what's happening in the market right now with MarketBeat's real-time news feed. It is the most commonly used metric for determining a company's value relative to its earnings. If a company's expenses are growing faster than their sales, this will reduce their margins. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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. View institutional ownership trends. 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. 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). Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Delayed quotes by FIS. A P/B of 0.5 means its selling at half its book value. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. 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. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. On average, they predict the company's stock price to reach $5.91 in the next year. 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. Santa Fe Supraco Indonesia, PT. 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. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. Search: Csx Merger Rumors. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. View the best growth stocks for 2023 here. 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 . If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. A D/E ratio of 1 means its debt is equivalent to its common equity. 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. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). It's calculated as earnings divided by price. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. This is a longer-term price change metric. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. This is a medium-term price change metric (like the 4 week price change). These contracts, worth a combined $1.24 billion, span multiple years. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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). Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Transocean-GlobalSantaFe Merger. And, of course, the 4 week change helps put the 1 week change into context. 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. and Nauticus Robotics, Inc., a Texas corporation. 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. What is a Good Dividend Yield? Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Seeing a stock's EPS change over 1 week is important. 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. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. This is a medium-term price change metric. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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. 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. 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. The company employs 5,530 workers across the globe. 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 . View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. 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. 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. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Transocean's stock is owned by a variety of retail and institutional investors. 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. Enterprise Value (EV) is Market Capitalization + Debt - Cash. End date: 01/13 . Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Net Margin is defined as net income divided by sales. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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 Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Get short term trading ideas from the MarketBeat Idea Engine. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. These returns cover a period from January 1, 1988 through January 2, 2023. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. 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 most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. 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 . Growth Style - Learn more about the Growth Style. 12.29% of the stock of Transocean is held by insiders. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. So be sure to compare it to its group when comparing stocks in different industries. 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. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The merger cleared the DOJ after Compass . Transocean (RIG) Announces $488 Million Addition to Backlog. To learn more, click here. 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 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. For example, a regional bank would be classified in the Finance Sector. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies.

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