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). Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Net Margin is defined as net income divided by sales. The 1 week price change reflects the collective buying and selling sentiment over the short-term. 7:58 PM ET.
It's used by investors as a measure of financial health. The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. On Monday, two U.S. discount airlines announced plans to merge. Home; Topics. Transocean does not currently pay a dividend. It measures a company's ability to pay short-term obligations. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Washington, D.C. 20549. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Projected EPS Growth looks at the estimated growth rate for one year. 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.
capital one merger rumors 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. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. A higher number is better than a lower number. The Daily Price Change displays the day's percentage price change using the most recently completed close. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. A ratio of 1 means a company's assets are equal to its liabilities. 8 brokerages have issued 12 month target prices for Transocean's shares. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. In short, this is how much a company is worth. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. The stock has recently been. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Cash flow can be found on the cash flow statement. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Shares of RIG stock can be purchased through any online brokerage account. View RIG analyst ratings or view top-rated stocks. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. A P/B of 0.5 means its selling at half its book value. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. It's then divided by the number of shares outstanding to determine how much cash is generated per share. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. American Consumer News, LLC dba MarketBeat 2010-2023. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. If you wish to go to ZacksTrade, click OK. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. All rights reserved. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. A value greater than 1, in general, is not as good (overvalued to its growth rate). Our daily ratings and market update email newsletter. 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. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 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. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Seeing a stock's EPS change over 1 week is important. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share.
NASDAQ data is at least 15 minutes delayed. During the same period in the previous year, the company posted ($0.19) EPS. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. 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. Date of report (date of earliest event reported): February 15, 2023 . 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. Export data to Excel for your own analysis. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Search: Csx Merger Rumors. The monthly returns are then compounded to arrive at the annual return.
Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it 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. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Visit Performance Disclosure for information about the performance numbers displayed above. Zacks Style Scores Education - Learn more about the Zacks Style Scores. $7.49 The company's mobile offshore drilling. Sign in to your free account to enjoy all that MarketBeat has to offer. A P/B of 2 means it's selling at 2 times its book value. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! The cause of this is impossible to tell Transocean will pay approximately $2 .
Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Rumors - Latest News and breaking headlines - Benzinga In-depth profiles and analysis for 20,000 public companies.
Why JetBlue Shares Are Up Today | The Motley Fool Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. 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. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. * indicates the important links in the menu, After-Market: Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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 The merger is not subject to any financing condition. With Dividends Reinvested. A higher number means the more debt a company has compared to its capital structure. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! 55.16% of the stock of Transocean is held by institutions. 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. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. 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. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? So be sure to compare it to its group when comparing stocks in different industries.
Transocean faces possible 'liquidity crisis' amid debt repayment We use cookies to understand how you use our site and to improve your experience. 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. 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. Identify stocks that meet your criteria using seven unique stock screeners. The Current Ratio is defined as current assets divided by current liabilities. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Transocean's stock was trading at $4.56 at the start of the 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.
Transocean-GlobalSantaFe Merger. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. It's packed with all of the company's key stats and salient decision making information.
Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Volume is a useful item in many ways. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. are strong. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? 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. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. 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). This shows the percentage of profit a company earns on its sales. 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% . 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.
ANALYSIS-Mixed view on effect of Transocean merger | Reuters Close Menu. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. The analyst urged Transocean to use the current market crisis to address these issues with its customers. View our RIG earnings forecast. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. 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.
What Predicts That A Company Merger Rumor Will Come True? - Forbes It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. the Securities Exchange Act of 1934. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Growth Style - Learn more about the Growth Style. It is the most commonly used metric for determining a company's value relative to its earnings. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. 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.
Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. End date: 01/13 . 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. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). ROE values, like other values, can vary significantly from one industry to another. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The Price to Sales ratio or P/S is calculated as price divided by sales. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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 X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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. -0.02 (-0.27%) 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. Sandro Thoma Transocean Ltd. . The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Visit www.zacksdata.com to get our data and content for your mobile app or website. 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For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Pursuant to Section 13 or 15 (d) of. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 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 (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. After the P/E ratio, it's one of the most common valuation metrics. 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. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Transocean shares have a 52-week.
Transocean Mergers and Acquisitions Summary | Mergr The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. It is used to help gauge a company's financial health. The 52 week price change is a good reference point. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF].
Transocean Merger Sparks Consolidation Talk for Other Drillers This is a medium-term price change metric. 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 See rankings and related performance below. 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.
Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink But, it's made even more meaningful when looking at the longer-term 4 week percent change. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. The consensus among Wall Street analysts is that investors should "buy" RIG shares. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Should I buy or sell Transocean stock right now? This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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.