The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The analyzed items go beyond simple trend analysis. 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. Based upon closing prices for each. The official website for the company is www.deepwater.com. If you wish to go to ZacksTrade, click OK. Zacks Premium - The way to access to the Zacks Rank. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. In many ways, the market's action of repricing the offshore . GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), ("Ocean Rig" or the "Company"), an international contractor of offshore deepwater drilling. 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. As they say, 'price follows volume'. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. View institutional ownership trends. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Like most ratios, this number will vary from industry to industry. This suggests that the stock has a possible downside of 16.5%. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. On Monday, two U.S. discount airlines announced plans to merge. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. mesurer votre utilisation de nos sites et applications. See rankings and related performance below. 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. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. How good is it? The company's revenue for the quarter was down 2.4% compared to the same quarter last year. 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 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. 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 estimate revisions are the most important factor influencing stocks prices. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. In this case, it's the cash flow growth that's being looked at. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. 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 . Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. How were Transocean's earnings last quarter? Cash flow can be found on the cash flow statement. Growth Style - Learn more about the Growth Style. Transocean Ltd. 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. The Current Ratio is defined as current assets divided by current liabilities. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). The merger cleared the DOJ after Compass . Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. This is a medium-term price change metric. For example, a regional bank would be classified in the Finance Sector. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. 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. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. It's packed with all of the company's key stats and salient decision making information. below): Written communications pursuant to Rule 425 under . That does not mean that all companies with large growth rates will have a favorable Growth Score. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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 . This is a medium-term price change metric (like the 4 week price change). 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. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. 7:58 PM ET. 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. 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. and Nauticus Robotics, Inc., a Texas corporation. NASDAQ data is at least 15 minutes delayed. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Transocean does not currently pay a dividend. The PEG ratio is the P/E ratio divided by its growth rate. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. 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 $437 million. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Zacks Ranks stocks can, and often do, change throughout the month. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! In short, this is how much a company is worth. The new company, which will operate under the Transocean name, will combine the largest. Close Menu. 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. Please log in to your account or sign up in order to add this asset to your watchlist. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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% . Real-time analyst ratings, insider transactions, earnings data, and more. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. 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. 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. This shows the percentage of profit a company earns on its sales. 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 What is Transocean's stock price forecast for 2023? The 20 day average establishes this baseline. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Search: Transocean Merger Rumors. Transocean (RIG) is a Great Momentum Stock: Should You Buy? It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Transocean's stock was trading at $4.56 at the start of the year. 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. 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. 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. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. contact@marketbeat.com It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). 55.16% of the stock of Transocean is held by institutions. (1) Per Transoceans internal rig ranking model. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The company was founded in 1926 and is based in Steinhausen,. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. 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. Transocean (RIG) Announces $488 Million Addition to Backlog. 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.
Fivem Ready Addon Cars,
Mandatory Training For Employees Email,
Motorcycle Accident Last Night Dfw,
Wellsville, Ny Police Blotter,
Articles T