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. This is a medium-term price change metric. Transocean shares have a 52-week. Search: Csx Merger Rumors. NYSE and AMEX data is at least 20 minutes delayed. In general, the lower the ratio is the better. 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. Growth of $10,000.00. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo To see all exchange delays and terms of use please see Barchart's disclaimer. The longer-term perspective helps smooth out short-term events. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. 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. 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. 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. So be sure to compare it to its group when comparing stocks in different industries. It is the most commonly used metric for determining a company's value relative to its earnings. Transocean's stock is owned by a variety of retail and institutional investors. High institutional ownership can be a signal of strong market trust in this company. 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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. What is a Good Dividend Yield? One share of RIG stock can currently be purchased for approximately $7.51. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Cash flow can be found on the cash flow statement. 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). This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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 . What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? The 52 week price change is a good reference point. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. That means these items are added back into the net income to produce this earnings number. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 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. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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 positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. This shows the percentage of profit a company earns on its sales. dvelopper et amliorer nos produits et services. 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. As Transocean has already committed to voting its approximately 21.3 million common units in favor of the merger, a vote in favor of the merger by approximately 9.9 million (or approximately 50.1% . A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Search: Transocean Merger Rumors. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. are strong. A 'good' number would usually fall within the range of 1.5 to 3. This allows the investor to be as broad or as specific as they want to be when selecting stocks. Get short term trading ideas from the MarketBeat Idea Engine. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Like the P/E ratio, a lower number is considered better. The merger is not subject to any financing condition. 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. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Compare Top Brokerages Here. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. A D/E ratio of 1 means its debt is equivalent to its common equity. End date: 01/13 . Zacks Style Scores Education - Learn more about the Zacks Style Scores. Seeing a stock's EPS change over 1 week is important. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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 Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. Transocean has a P/B Ratio of 0.51. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. -0.02 (-0.27%) The PEG ratio is the P/E ratio divided by its growth rate. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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 cause of this is impossible to tell Transocean will pay approximately $2 . Delayed quotes by FIS. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. We use cookies to understand how you use our site and to improve your experience. 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). The analyst urged Transocean to use the current market crisis to address these issues with its customers. This suggests that the stock has a possible downside of 16.5%. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Santa Fe Supraco Indonesia, PT. A value greater than 1, in general, is not as good (overvalued to its growth rate). Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. Transocean (RIG) Announces $488 Million Addition to Backlog. 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. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. View our RIG earnings forecast. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) In-depth profiles and analysis for 20,000 public companies. 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.
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