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 . Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 7:58 PM ET. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. the Securities Exchange Act of 1934. The 52 week price change is a good reference point. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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. 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. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. The cause of this is impossible to tell Transocean will pay approximately $2 . Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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 . International Mexico S. de R.L. The income number is listed on a company's Income Statement. 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. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Compare Top Brokerages Here. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Export data to Excel for your own analysis. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 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 intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. The longer-term perspective helps smooth out short-term events. As they say, 'price follows volume'. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 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. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Transocean has a P/B Ratio of 0.51. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. But note, different industries have different margin rates that are considered good. Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. A higher number is better than a lower number. All of those stocks are classified into three groups: Sector, M Industry and X Industry. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. And, of course, the 4 week change helps put the 1 week change into context. 12.29% of the stock of Transocean is held by insiders. 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's mailing address is Turmstrasse30, Steinhausen V8, 6312. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Transocean has only been the subject of 3 research reports in the past 90 days. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Based upon closing prices for each. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Projected EPS Growth looks at the estimated growth rate for one year. A value greater than 1, in general, is not as good (overvalued to its growth rate). It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Main Menu; Markets. 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. 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. 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. 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. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Washington, D.C. 20549. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The new company, which will operate under the Transocean name, will combine the largest. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. 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. Momentum Style - Learn more about the Momentum Style. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . There are currently 4 hold ratings and 4 buy ratings for the stock. It's also commonly referred to as a 'liquidity ratio'. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. FREE Breaking News Alerts from StreetInsider.com! This is a medium-term price change metric. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The PEG ratio is the P/E ratio divided by its growth rate. Real-time analyst ratings, insider transactions, earnings data, and more. Value Style - Learn more about the Value Style. 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. 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 Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. If you wish to go to ZacksTrade, click OK. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. 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. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. are strong. * indicates the important links in the menu, After-Market: 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. Identify stocks that meet your criteria using seven unique stock screeners. and Nauticus Robotics, Inc., a Texas corporation. Many other growth items are considered as well. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. A ratio of 2 means its assets are twice that of its liabilities. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 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