The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. The Current Ratio is defined as current assets divided by current liabilities. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. House, 4th Floor. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). How were Transocean's earnings last quarter? Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. During the same period in the previous year, the company posted ($0.19) EPS. All rights reserved. Search: Transocean Merger Rumors. This is a longer-term price change metric. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. One share of RIG stock can currently be purchased for approximately $7.51. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). If a company's expenses are growing faster than their sales, this will reduce their margins. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The PEG ratio is the P/E ratio divided by its growth rate. 326 E 8th St #105, Sioux Falls, SD 57103 8. Search: Csx Merger Rumors. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Our testing substantiates this with the optimum range for price performance between 0-20. Please log in to your account or sign up in order to add this asset to your watchlist. 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 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. 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. 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 . On Monday, two U.S. discount airlines announced plans to merge. The official website for the company is www.deepwater.com. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). The Daily Price Change displays the day's percentage price change using the most recently completed close. This is a medium-term price change metric (like the 4 week price change). Projected EPS Growth looks at the estimated growth rate for one year. But note, different industries have different margin rates that are considered good. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! It's packed with all of the company's key stats and salient decision making information. It is used to help gauge a company's financial health. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Washington, D.C. 20549. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. 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 . Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, 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. 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 The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The Momentum Score takes all of this and more into account. Cash Flow is a measurement of a company's health. 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. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The 52 week price change is a good reference point. Close Menu. A value under 20 is generally considered good. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. 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. 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. 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. What other stocks do shareholders of Transocean own? Transocean's stock is owned by a variety of retail and institutional investors. In this case, it's the cash flow growth that's being looked at. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. International Mexico S. de R.L. . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Nous, Yahoo, faisons partie de la famille de marques Yahoo. All of those stocks are classified into three groups: Sector, M Industry and X Industry. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. (844) 978-6257. The transaction has been unanimously approved by the board of directors of each company. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Top institutional shareholders include Contrarius Investment Management Ltd (4.30%), Van ECK Associates Corp (3.48%), Morgan Stanley (2.54%), Dimensional Fund Advisors LP (2.32%), Two Sigma Investments LP (2.05%) and Two Sigma Advisers LP (1.91%). Home; Topics. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. This longer-term historical perspective lets the user see how a company has grown over time. 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. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. This is a medium-term price change metric. Their RIG share price forecasts range from $3.30 to $10.00. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. 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). 7:58 PM ET. 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. Grand Cayman, Cayman. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Seeing a stock's EPS change over 1 week is important. 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. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. $7.49 The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. This allows the investor to be as broad or as specific as they want to be when selecting stocks. The company employs 5,530 workers across the globe. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. mesurer votre utilisation de nos sites et applications. The Zacks database contains over 10,000 stocks. Transocean Ltd. 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. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 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. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Based upon closing prices for each. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. The merger is not subject to any financing condition. But they all have their place in the Growth style. 12.29% of the stock of Transocean is held by insiders. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. They read the articles and then traced the articles back to the article that . If you do not, click Cancel. 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. 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. Delayed quotes by FIS. Our daily ratings and market update email newsletter. Growth traders and investors will tend to look for growth rates of 20% or higher. 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 . So the PEG ratio tells you what you're paying for each unit of earnings growth. Ventura Makes Personal Testimony. View which stocks are hot on social media with MarketBeat's trending stocks report. 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The median P/B ratio for stocks in the S&P is just over 3. 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. 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. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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. The merger cleared the DOJ after Compass . Transocean's stock was trading at $4.56 at the start of the year. Earnings estimate revisions are the most important factor influencing stocks prices. Visit Performance Disclosure for information about the performance numbers displayed above. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Growth of $10,000.00. 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. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. * indicates the important links in the menu, After-Market: Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. FORM 8-K. CURRENT REPORT. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) What is Transocean's stock price forecast for 2023? 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Transocean does not currently pay a dividend. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Zacks Rank Education -- Learn more about the Zacks Rank This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. So be sure to compare it to its group when comparing stocks in different industries. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The company's mobile offshore drilling. As the name suggests, it's calculated as sales divided by assets. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. What is a Good Dividend Yield? This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Above 1 means it assets are greater than its 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. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Cash flow itself is an important item on the income statement. the Securities Exchange Act of 1934. 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. For example, a regional bank would be classified in the Finance Sector.

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