The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Within the VGM 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 srocks with the highest probability of success. Zacks Rank Education -- Learn more about the Zacks Rank This is a medium-term price change metric (like the 4 week price change). 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. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Cash flow itself is an important item on the income statement. 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Like the P/E ratio, a lower number is considered better. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Visit Performance Disclosure for information about the performance numbers displayed above. 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 . All rights reserved. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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. Compare Top Brokerages Here. It's also commonly referred to as a 'liquidity ratio'. This item is updated at 9 pm EST each day. Growth Style - Learn more about the Growth Style. Transocean faces possible 'liquidity crisis' amid debt repayment 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Their RIG share price forecasts range from $3.30 to $10.00. Transocean, GlobalSantaFe in merger deal - ibtimes.com the Securities Exchange Act of 1934. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. This includes personalizing content and advertising. 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. 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. A D/E ratio of 1 means its debt is equivalent to its common equity. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 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. 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 merger is not subject to any financing condition. Transocean's stock is owned by a variety of retail and institutional investors. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. TransOcean - Official Website No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Should I buy Transocean (RIG) - Zacks - Zacks Investment Research The company employs 5,530 workers across the globe. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. 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 . Momentum Style - Learn more about the Momentum Style. 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. 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. If you do not, click Cancel. 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. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Offshore Drilling: These Rig Companies Could Be Takeover Candidates The company was founded in 1926 and is based in Steinhausen,. View the best growth stocks for 2023 here. Zacks Ranks stocks can, and often do, change throughout the month. A P/B of 1 means it's selling at its per share book value. Transocean Merger Sparks Consolidation Talk for Other Drillers 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 The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 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. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Search: Transocean Merger Rumors. These contracts, worth a combined $1.24 billion, span multiple years. 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. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and RIG News Today | Why did Transocean stock go up today? - MarketBeat Seeing a stock's EPS change over 1 week is important. Transocean Ltd. Announces Agreement to Acquire Ocean Rig It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 Transocean wraps up $2.7B Ocean Rig acquisition Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. View our RIG earnings forecast. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. For one, part of trading is being able to get in and out of a stock easily. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Wall Street closes sharply higher, notches weekly gains as Treasury yields ease, Morgan Stanley reaffirms Top Pick on Apple (AAPL) stock, sees catalyst-rich event path, Amazon (AMZN) pausing construction on second HQ in Virginia - Bloomberg, Broadcom Q1 results & guidance beat estimates; analysts praise 'stellar' execution, Dell reverses early gains on soft outlook; analyst reactions mixed, Embark Trucks (EMBK) to reduce workforce, explore strategic alternatives including liquidation, Ford Motor (F) Declares $0.65 Special Dividend; 4.5% Yield, Crypto firms behind Tether used falsified documents to maintain banking system access - WSJ, Altamira Therapeutics (CYTO) Reports Study Showing Bentrio's Superior Nasal Residence Time and Rheological Properties, Desktop Metal (DM) jumps on chatter of deal with Apple, Midday movers: C3 AI, Costco, Zscaler and more, Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise, After-hours stock movers: C3.ai jumps on results, Zscaler falls, Macy's, Salesforce and Okta rise premarket; Silvergate, Tesla fall, After-hours movers: Salesforce surges on beat, Silvergate falls on 'going concern' warning, VPC Impact Acquisition (VPCB) to Redeem Public Shares, Live Oak Mobility Acquisition Corp (LOKMU) Announces Redemption of Public Shares and Dissolution, China Index Holdings (CIH) Sets Record Date for Dissemination of Transaction Statement for Going Private Transaction. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance View which stocks are hot on social media with MarketBeat's trending stocks report. Transocean, Globalsantafe To Merge - MarineLink Transocean bonds surge as driller says it has cured default allegations Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo In short, this is how much a company is worth. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Luigs and the midwater floater Songa Delta. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. The 1 week price change reflects the collective buying and selling sentiment over the short-term. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". This suggests that the stock has a possible downside of 16.5%. It's then divided by the number of shares outstanding to determine how much cash is generated per share. A higher number means the more debt a company has compared to its capital structure. In general, a lower number or multiple is usually considered better that a higher one. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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. It's calculated as earnings divided by price. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean does not currently pay a dividend. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 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. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Like earnings, a higher growth rate is better than a lower growth rate. The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 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.