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. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Delayed quotes by FIS. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Search: Csx Merger Rumors. This longer-term historical perspective lets the user see how a company has grown over time. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 8 equities research analysts have issued 1 year target prices for Transocean's shares. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . 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. Growth Style - Learn more about the Growth Style. Zacks Ranks stocks can, and often do, change throughout the month. 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. Many other growth items are considered as well. This is also referred to as the cash yield. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. 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 merger is not subject to any financing condition. 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. 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 . 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. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. This suggests that the stock has a possible downside of 16.5%. This is a medium-term price change metric (like the 4 week price change). The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. If a company's expenses are growing faster than their sales, this will reduce their margins. ZacksTrade and Zacks.com are separate companies. 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. 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. Learn more about Zacks Equity Research reports. Our testing substantiates this with the optimum range for price performance between 0-20. 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. 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. 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. 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. Volume is a useful item in many ways. All rights reserved. What is Transocean's stock price forecast for 2023? Like earnings, a higher growth rate is better than a lower growth rate. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Projected EPS Growth looks at the estimated growth rate for one year. With Dividends Reinvested. 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. Our daily ratings and market update email newsletter. 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). The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? This measure is expressed as a percentage. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 8. A ratio of 2 means its assets are twice that of its liabilities. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. The median P/B ratio for stocks in the S&P is just over 3. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Date of report (date of earliest event reported): February 15, 2023 . But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Transocean (RIG) Announces $488 Million Addition to Backlog. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. 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 . Both floaters are currently stacked. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. 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. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. 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). Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . The consensus among Wall Street analysts is that investors should "buy" RIG shares. A P/B of 2 means it's selling at 2 times its book value. The company employs 5,530 workers across the globe. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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. By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. But they all have their place in the Growth style. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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. 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% .
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