de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. On average, they anticipate the company's stock price to reach $5.91 in the next year. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. 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. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. [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 . N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". 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. Sandro Thoma Transocean Ltd. . What is Transocean's stock price forecast for 2023? The analyzed items go beyond simple trend analysis. Transocean Ltd. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Visit Performance Disclosure for information about the performance numbers displayed above. 7:58 PM ET. 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 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Of course, different industries will have different growth rates that are considered good. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. These returns cover a period from January 1, 1988 through January 2, 2023. To see all exchange delays and terms of use please see Barchart's disclaimer. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. 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. The transaction has been unanimously approved by the board of directors of each company. 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. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Washington, D.C. 20549. Transocean has only been the subject of 3 research reports in the past 90 days. The Zacks database contains over 10,000 stocks. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Santa Fe Supraco Indonesia, PT. The company's mobile offshore drilling. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. A high percentage of insider ownership can be a sign of company health. This is a medium-term price change metric. 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. Seeing a stock's EPS change over 1 week is important. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. 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 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. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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. View institutional ownership trends. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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). A D/E ratio of 1 means its debt is equivalent to its common equity. Like the P/E ratio, a lower number is considered better. 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. Cause: In accordance with the terms of the merger agreement, each outstanding ordinary share of Transocean immediately prior to the effective time of the merger was reclassified into (1) 0.6996 . A ratio of 2 means its assets are twice that of its liabilities. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. During the same period in the previous year, the company posted ($0.19) EPS. It's calculated as earnings divided by price. 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 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. $7.49 A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Many other growth items are considered as well. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. 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. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. A ratio of 1 means a company's assets are equal to its liabilities. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The merger cleared the DOJ after Compass . * indicates the important links in the menu, After-Market: View the best growth stocks for 2023 here. With Dividends Reinvested. 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). Date of report (date of earliest event reported): February 15, 2023 . Identify stocks that meet your criteria using seven unique stock screeners. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. mesurer votre utilisation de nos sites et applications. Search: Transocean Merger Rumors. Momentum Style - Learn more about the Momentum Style. It's also commonly referred to as a 'liquidity ratio'. 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. The PEG ratio is the P/E ratio divided by its growth rate. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Search: Transocean Merger Rumors. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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 -0.02 (-0.27%) Luigs and the midwater floater Songa Delta. Learn more about Zacks Equity Research reports. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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 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. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. 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. Sign in to your free account to enjoy all that MarketBeat has to offer. Volume is a useful item in many ways. If you wish to go to ZacksTrade, click OK. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. On Monday, two U.S. discount airlines announced plans to merge. 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. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Value Style - Learn more about the Value Style. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. The Current Ratio is defined as current assets divided by current liabilities. 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. 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. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Our testing substantiates this with the optimum range for price performance between 0-20. Transocean does not currently pay a dividend. Growth of $10,000.00. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Transocean has received a consensus rating of Buy. See rankings and related performance below. 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. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. The analyst urged Transocean to use the current market crisis to address these issues with its customers. Search: Transocean Merger Rumors. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 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. On average, they predict the company's stock price to reach $5.91 in the next year. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The Price to Sales ratio or P/S is calculated as price divided by sales. That does not mean that all companies with large growth rates will have a favorable Growth Score. Start date: 01/17/2013. 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. Export data to Excel for your own analysis. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It's used by investors as a measure of financial health. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. This item is updated at 9 pm EST each day. 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 . No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Growth Style - Learn more about the Growth Style. 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. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 12.29% of the stock of Transocean is held by insiders. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. Search: Csx Merger Rumors. 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. Shares of RIG stock can be purchased through any online brokerage account. How were Transocean's earnings last quarter? 55.16% of the stock of Transocean is held by institutions. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Jan 7, 2021. It is used to help gauge a company's financial health. The median P/B ratio for stocks in the S&P is just over 3. Transocean-GlobalSantaFe Merger. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. It's packed with all of the company's key stats and salient decision making information. Projected EPS Growth looks at the estimated growth rate for one year. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. But they all have their place in the Growth style. For example, a regional bank would be classified in the Finance Sector. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. Please log in to your account or sign up in order to add this asset to your watchlist. The Momentum Score takes all of this and more into account. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). This is the Air Japan corporate website, where you can view Corporate Information, Flight Routes, Safety/Flight Information, and CSR Information, etc Cause: In accordance with the terms of the merger agreement, each outstanding ordinary share of Transocean immediately prior to the effective time of the merger was reclassified into (1) 0 BP and Transocean . A higher number means the more debt a company has compared to its capital structure. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. American Consumer News, LLC dba MarketBeat 2010-2023. 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. the Securities Exchange Act of 1934. 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. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. 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. After the P/E ratio, it's one of the most common valuation metrics. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). This suggests that the stock has a possible downside of 16.5%. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The 52 week price change is a good reference point. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Above 1 means it assets are greater than its liabilities. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. A P/B of 0.5 means its selling at half its book value. 326 E 8th St #105, Sioux Falls, SD 57103 Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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Cash Flow is net income plus depreciation and other non-cash charges. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The merger is not subject to any financing condition. These contracts, worth a combined $1.24 billion, span multiple years. End date: 01/13 . Transocean (RIG) Announces $488 Million Addition to Backlog. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021.