Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Delayed quotes by FIS. Growth of $10,000.00. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. 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. View RIG analyst ratings or view top-rated stocks. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. What is Transocean's stock price forecast for 2023? It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. 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. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . RIG News Today | Why did Transocean stock go up today? The new company, which will operate under the Transocean name, will combine the largest. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. What other stocks do shareholders of Transocean own? Transocean (RIG) Announces $488 Million Addition to Backlog. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. How good is it? Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Transocean's stock was trading at $4.56 at the start of the year. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. See what's happening in the market right now with MarketBeat's real-time news feed. Transocean does not currently pay a dividend. 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. After the P/E ratio, it's one of the most common valuation metrics. This item is updated at 9 pm EST each day. Santa Fe Supraco Indonesia, PT. 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. 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. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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 company employs 5,530 workers across the globe. It is the most commonly used metric for determining a company's value relative to its earnings. But, it's made even more meaningful when looking at the longer-term 4 week percent change. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. These returns cover a period from January 1, 1988 through January 2, 2023. Transocean has a P/B Ratio of 0.51. And margin rates can vary significantly across these different groups. 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. Once again, cash flow is net income plus depreciation and other non-cash charges. The company's press release can be found here. This measure is expressed as a percentage. 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. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. 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. 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. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately $70 million; The transaction has been unanimously approved by the board of directors of each company; and The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. The stock has recently been. Date of report (date of earliest event reported): February 15, 2023 . For example, a regional bank would be classified in the Finance Sector. The Price to Earnings ratio or P/E is price divided by earnings. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. They read the articles and then traced the articles back to the article that . Pursuant to Section 13 or 15 (d) of. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. 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.) 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. Should I buy or sell Transocean stock right now? 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. September 19, 2007. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. But they all have their place in the Growth style. 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 time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Real time prices by BATS. Net Margin is defined as net income divided by sales. On average, they predict the company's stock price to reach $5.91 in the next year. 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 Securities Exchange Act of 1934. The 52 week price change is a good reference point. 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. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? * indicates the important links in the menu, After-Market: The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Zacks Premium - The way to access to the Zacks Rank. NASDAQ data is at least 15 minutes delayed. It's then divided by the number of shares outstanding to determine how much cash is generated per share. The median P/B ratio for stocks in the S&P is just over 3. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The official website for the company is www.deepwater.com. 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. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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. (844) 978-6257. The scores are based on the trading styles of Value, Growth, and Momentum. (1) Per Transoceans internal rig ranking model. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. In this case, it's the cash flow growth that's being looked at. 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. Cash flow itself is an important item on the income statement. Search: Transocean Merger Rumors. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Export data to Excel for your own analysis. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Transocean has received a consensus rating of Buy. 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). Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Of course, different industries will have different growth rates that are considered good. There are currently 4 hold ratings and 4 buy ratings for the stock. and Nauticus Robotics, Inc., a Texas corporation. 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. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. The two drillers in September entered into a definitive merger agreement under which Transocean was to acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig's net debt.

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