Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? All rights reserved. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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 services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . 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. 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 . 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. 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. Their RIG share price forecasts range from $3.30 to $10.00. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Growth traders and investors will tend to look for growth rates of 20% or higher. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . It is essentially the inverse of the P/E ratio. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Seeing a stock's EPS change over 1 week is important. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This is a medium-term price change metric. Momentum Style - Learn more about the Momentum Style. Accordingly, the company's. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? This is a medium-term price change metric (like the 4 week price change). If you do not, click Cancel. Grand Cayman, Cayman. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. The 52 week price change is a good reference point. 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 Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Transocean (RIG) is a Great Momentum Stock: Should You Buy? FORM 8-K. CURRENT REPORT. - The Fly. The scores are based on the trading styles of Value, Growth, and Momentum. 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Transocean Ltd. It measures a company's ability to pay short-term obligations. The Daily Price Change displays the day's percentage price change using the most recently completed close. The PEG ratio is the P/E ratio divided by its growth rate. 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. 55.16% of the stock of Transocean is held by institutions. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. A higher number is better than a lower number. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. 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). 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. Close Menu. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Breaking News: NE latest news. Like most ratios, this number will vary from industry to industry. Learn more about Zacks Equity Research reports. Santa Fe Supraco Indonesia, PT. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). What is a Good Dividend Yield? Search: Transocean Merger Rumors. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. dvelopper et amliorer nos produits et services. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The transaction has been unanimously approved by the board of directors of each company. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. -0.02 (-0.27%) . 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. Transocean Ltd. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Cash Flow is net income plus depreciation and other non-cash charges. 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. TransOcean 2: Rivals - Update 1.2 available. The new company, which will operate under the Transocean name, will combine the largest. 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 Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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. 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 Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. 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. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Identify stocks that meet your criteria using seven unique stock screeners. Ventura Makes Personal Testimony. What other stocks do shareholders of Transocean own? Projected EPS Growth looks at the estimated growth rate for one year. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. And, of course, the 4 week change helps put the 1 week change into context. During the same period in the previous year, the company posted ($0.19) EPS. One share of RIG stock can currently be purchased for approximately $7.51. Based upon closing prices for each. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. 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. Search: Csx Merger Rumors. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. There are currently 4 hold ratings and 4 buy ratings for the stock. These returns cover a period from January 1, 1988 through January 2, 2023. It's used by investors as a measure of financial health. Transocean does not currently pay a dividend. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. As the name suggests, it's calculated as sales divided by assets. 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. 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. 12.29% of the stock of Transocean is held by insiders. (844) 978-6257. International Mexico S. de R.L. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. * indicates the important links in the menu, After-Market: 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. 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. 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. So be sure to compare it to its group when comparing stocks in different industries. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Pursuant to Section 13 or 15 (d) of. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Transocean (RIG) Announces $488 Million Addition to Backlog. contact@marketbeat.com This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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 de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. The Price to Earnings ratio or P/E is price divided by earnings. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. and Nauticus Robotics, Inc., a Texas corporation. 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. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The consensus among Wall Street analysts is that investors should "buy" RIG shares. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. 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 M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo A higher number means the more debt a company has compared to its capital structure. 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 Shares of RIG stock can be purchased through any online brokerage account. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Transocean does not have a long track record of dividend growth. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Growth Style - Learn more about the Growth Style. It is the most commonly used metric for determining a company's value relative to its earnings.