A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Net Margin is defined as net income divided by sales. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Close Menu. 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Transocean Ltd. Reports First Quarter 2021 Results International Mexico S. de R.L. BP - Royal Dutch Shell Plc .com 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. A ratio of 2 means its assets are twice that of its liabilities. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . Growth of $10,000.00. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Growth Style - Learn more about the Growth Style. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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. . Like the P/E ratio, a lower number is considered better. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. $7.49 FORM 8-K. CURRENT REPORT. This is also referred to as the cash yield. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. 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). No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. In general, the lower the ratio is the better. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Transocean/R&B Falcon Merger To Create Largest Offshore Driller A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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 . A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. The 1 week price change reflects the collective buying and selling sentiment over the short-term. The Price to Earnings ratio or P/E is price divided by earnings. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. are strong. Transocean has a P/B Ratio of 0.51. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Their RIG share price forecasts range from $3.30 to $10.00. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Seeing a stock's EPS change over 1 week is important. Transocean does not have a long track record of dividend growth. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. 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. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. A value greater than 1, in general, is not as good (overvalued to its growth rate). It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . After the P/E ratio, it's one of the most common valuation metrics. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. With Dividends Reinvested. World's Biggest Offshore Drilling Companies | Zeymarine It's packed with all of the company's key stats and salient decision making information. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. View RIG analyst ratings or view top-rated stocks. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . 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. The company's press release can be found here. ROE is always expressed as a percentage. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. Breaking News: NE latest news. - The Fly Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Get short term trading ideas from the MarketBeat Idea Engine. The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. mesurer votre utilisation de nos sites et applications. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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 Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Transocean Ltd. Announces Agreement to Acquire Ocean Rig The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Cash Flow is a measurement of a company's health. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. See what's happening in the market right now with MarketBeat's real-time news feed. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. The 20 day average establishes this baseline. Projected EPS Growth looks at the estimated growth rate for one year. 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. The company's mobile offshore drilling. The consensus among Wall Street analysts is that investors should "buy" RIG shares. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 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. 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.
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