A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Transocean bonds surge as driller says it has cured default allegations The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. But they all have their place in the Growth style. 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. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Transocean has only been the subject of 3 research reports in the past 90 days. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. For example, a regional bank would be classified in the Finance Sector. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Transocean: April 2021 Fleet Status Analysis - SeekingAlpha Dear Community, the latest update for TransOcean 2: Rivals just set sail today! A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. There are currently 4 hold ratings and 4 buy ratings for the stock. TransOcean 2: Rivals - Update 1.2 available. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. . It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Transocean : SpareBank 1 Markets 2023 Energy Conference You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. -- Equal representation on 14-member board, chaired by Robert E. Rose. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. Transocean Merger Rumors 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. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Transocean Ltd. The official website for the company is www.deepwater.com. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . In this case, it's the cash flow growth that's being looked at. 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. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Identify stocks that meet your criteria using seven unique stock screeners. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. It measures a company's ability to pay short-term obligations. 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. FORM 8-K. CURRENT REPORT. 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). Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . See what's happening in the market right now with MarketBeat's real-time news feed. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. If you wish to go to ZacksTrade, click OK. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The income number is listed on a company's Income Statement. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. On Monday, two U.S. discount airlines announced plans to merge. ROE values, like other values, can vary significantly from one industry to another. NASDAQ data is at least 15 minutes delayed. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Our daily ratings and market update email newsletter. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. Transocean-GlobalSantaFe Merger - Compass Lexecon 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. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. These contracts, worth a combined $1.24 billion, span multiple years. A P/B of 2 means it's selling at 2 times its book value. 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. Search: Transocean Merger Rumors. One share of RIG stock can currently be purchased for approximately $7.51. 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. 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 allows the investor to be as broad or as specific as they want to be when selecting stocks. below): Written communications pursuant to Rule 425 under . The Price to Earnings ratio or P/E is price divided by earnings. 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). Transocean Inc. and GlobalSantaFe Corporation Agree to Combine On average, they predict the company's stock price to reach $5.91 in the next year. Transocean Completes Merger With GlobalSantaFe | Hart Energy 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. View RIG analyst ratings or view top-rated stocks. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. House, 4th Floor. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Like most ratios, this number will vary from industry to industry. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Net Margin is defined as net income divided by sales. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. A 'good' number would usually fall within the range of 1.5 to 3. 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. That means these items are added back into the net income to produce this earnings number. Jan 7, 2021. Of course, different industries will have different growth rates that are considered good. 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. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger How good is it? Islands KY1-1003 +1 (345) 745-4505 . This suggests that the stock has a possible downside of 21.3%. The Price to Sales ratio or P/S is calculated as price divided by sales. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. 326 E 8th St #105, Sioux Falls, SD 57103 The merger is not subject to any financing condition. The merger cleared the DOJ after Compass . Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Growth of $10,000.00. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Get short term trading ideas from the MarketBeat Idea Engine. But, it's made even more meaningful when looking at the longer-term 4 week percent change. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. As the name suggests, it's calculated as sales divided by assets. FREE Breaking News Alerts from StreetInsider.com! The transaction has been unanimously approved by the board of directors of each company. 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. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. The merger is not subject to any financing condition. 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 denies R&B merger speculation | TradeWinds The analyst urged Transocean to use the current market crisis to address these issues with its customers. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. 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 company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Transocean, Globalsantafe To Merge - MarineLink Transocean Inc. 36C Dr. Roy's Drive, Bermuda. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. 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. 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. Transocean has received a consensus rating of Buy. $7.49 Breaking News: NE latest news. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. High institutional ownership can be a signal of strong market trust in this company. Santa Fe Supraco Indonesia, PT. With Dividends Reinvested. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 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. Transocean Merger Rumors - zgy.protesidentali.novara.it The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. It's calculated as earnings divided by price. 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. 8 equities research analysts have issued 1 year target prices for Transocean's shares. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. It is used to help gauge a company's financial health. 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. Transocean has a P/B Ratio of 0.51. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Search: Transocean Merger Rumors. 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. BP - Royal Dutch Shell Plc .com 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 . 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 recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. 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. 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). * indicates the important links in the menu, After-Market: Rumors - Latest News and breaking headlines - Benzinga View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. TransOcean - Official Website Search: Transocean Merger Rumors. All rights reserved. Search: Transocean 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. 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. The company employs 5,530 workers across the globe. 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). 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. Zacks Premium - The way to access to the Zacks Rank. 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. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment.