Like the P/E ratio, a lower number is considered better. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? On Monday, two U.S. discount airlines announced plans to merge. FORM 8-K. CURRENT REPORT. Like most ratios, this number will vary from industry to industry. Many other growth items are considered as well. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. $7.49 Transocean's stock is owned by a variety of retail and institutional investors. 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). 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 does not have a long track record of dividend growth. Home; Topics. 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. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with It's packed with all of the company's key stats and salient decision making information. On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Transocean-GlobalSantaFe Merger. 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. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. TransOcean - Official Website They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Transocean Ltd. (RIG) Stock Price Today, Quote & News Growth Style - Learn more about the Growth Style. Transocean's stock was trading at $4.56 at the start of the year. Momentum Style - Learn more about the Momentum Style. The merger is not subject to any financing condition. Jan 7, 2021. 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. A high percentage of insider ownership can be a sign of company health. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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. 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. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 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. Transocean - RIG Stock Forecast, Price & News - MarketBeat Transocean faces possible 'liquidity crisis' amid debt repayment M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Cash Flow is net income plus depreciation and other non-cash charges. 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. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. The cause of this is impossible to tell Transocean will pay approximately $2 . Date of report (date of earliest event reported): February 15, 2023 . Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Transocean Ltd. Our testing substantiates this with the optimum range for price performance between 0-20. 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.) For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 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. RIG - 24/7 Wall St. 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). What other stocks do shareholders of Transocean own? 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. 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. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Close Menu. are strong. During the same period in the previous year, the company posted ($0.19) EPS. This item is updated at 9 pm EST each day. That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. In general, the lower the ratio is the better. capital one merger rumors 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. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. Search: Csx Merger Rumors. This suggests that the stock has a possible downside of 21.3%. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. ROE values, like other values, can vary significantly from one industry to another. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. As the name suggests, it's calculated as sales divided by assets. mesurer votre utilisation de nos sites et applications. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean bonds surge as driller says it has cured default allegations So be sure to compare it to its group when comparing stocks in different industries. capital one merger rumors It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Real-time analyst ratings, insider transactions, earnings data, and more. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Shares of RIG stock can be purchased through any online brokerage account. If a company's expenses are growing faster than their sales, this will reduce their margins. 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). In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Breaking News: NE latest news. - The Fly The stock has recently been. It is the most commonly used metric for determining a company's value relative to its earnings. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The Current Ratio is defined as current assets divided by current liabilities. A higher number is better than a lower number. 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. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Transocean : SpareBank 1 Markets 2023 Energy Conference Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Transocean has received a consensus rating of Buy. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. These contracts, worth a combined $1.24 billion, span multiple years. 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. 8. 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 . The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Real time prices by BATS. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Cash flow can be found on the cash flow statement. It's used by investors as a measure of financial health. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Learn more about Zacks Equity Research reports. And margin rates can vary significantly across these different groups. Seeing a stock's EPS change over 1 week is important. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. A P/B of 1 means it's selling at its per share book value. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Transocean, Globalsantafe To Merge - MarineLink A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Projected EPS Growth looks at the estimated growth rate for one year. A P/B of 2 means it's selling at 2 times its book value. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. www.sec.gov Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. RIG News Today | Why did Transocean stock go up today? - MarketBeat BP - Royal Dutch Shell Plc .com ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. It is used to help gauge a company's financial health. This is a medium-term price change metric. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Grand Cayman, Cayman. It's also commonly referred to as a 'liquidity ratio'. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. Search: Transocean Merger Rumors. 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. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. 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. The merger cleared the DOJ after Compass . Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. But, it's made even more meaningful when looking at the longer-term 4 week percent change. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Zacks Premium - The way to access to the Zacks Rank. For one, part of trading is being able to get in and out of a stock easily. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%.