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. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. They read the articles and then traced the articles back to the article that . It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Projected EPS Growth looks at the estimated growth rate for one year. But they all have their place in the Growth style. Islands KY1-1003 +1 (345) 745-4505 . But, it's made even more meaningful when looking at the longer-term 4 week percent change. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) A higher number is better than a lower number. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. (1) Per Transoceans internal rig ranking model. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Based upon closing prices for each. It is the most commonly used metric for determining a company's value relative to its earnings. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. The consensus among Wall Street analysts is that investors should "buy" RIG shares. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Volume is a useful item in many ways. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. The company was founded in 1926 and is based in Steinhausen,. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Like most ratios, this number will vary from industry to industry. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. So be sure to compare it to its group when comparing stocks in different industries. NASDAQ data is at least 15 minutes delayed. 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 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. FORM 8-K. CURRENT REPORT. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. * indicates the important links in the menu, After-Market: A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. 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. This suggests that the stock has a possible downside of 21.3%. The analyst urged Transocean to use the current market crisis to address these issues with its customers. And margin rates can vary significantly across these different groups. 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. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 8 brokerages have issued 12 month target prices for Transocean's shares. Pursuant to Section 13 or 15 (d) of. The Price to Sales ratio or P/S is calculated as price divided by sales. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately $70 million; The transaction has been unanimously approved by the board of directors of each company; and below): Written communications pursuant to Rule 425 under . Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. That does not mean that all companies with large growth rates will have a favorable Growth Score. It measures a company's ability to pay short-term obligations. 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. Earnings estimate revisions are the most important factor influencing stocks prices. 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 It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. 326 E 8th St #105, Sioux Falls, SD 57103 Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. 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. We use cookies to understand how you use our site and to improve your experience. 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. Grand Cayman, Cayman. What other stocks do shareholders of Transocean own? -0.02 (-0.27%) 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. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. Seeing a stock's EPS change over 1 week is important. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. If a company's expenses are growing faster than their sales, this will reduce their margins. The merger cleared the DOJ after Compass . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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.. 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. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Close Menu. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. 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. mesurer votre utilisation de nos sites et applications. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. 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. For example, a regional bank would be classified in the Finance Sector. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Transocean's stock was trading at $4.56 at the start of the year. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Transocean's stock is owned by a variety of retail and institutional investors. This is also referred to as the cash yield. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? This is a medium-term price change metric (like the 4 week price change). 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. This longer-term historical perspective lets the user see how a company has grown over time. ROE values, like other values, can vary significantly from one industry to another. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Transocean has received a consensus rating of Buy. Should I buy or sell Transocean stock right now? Real-time analyst ratings, insider transactions, earnings data, and more. Please log in to your account or sign up in order to add this asset to your watchlist. 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. The Momentum Score takes all of this and more into account. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. The new company, which will operate under the Transocean name, will combine the largest. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Both floaters are currently stacked. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Like the P/E ratio, a lower number is considered better. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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. Search: Csx Merger Rumors. The Price to Earnings ratio or P/E is price divided by earnings. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. 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. 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 Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. 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). The 52 week price change is a good reference point. View which stocks are hot on social media with MarketBeat's trending stocks report. View our RIG earnings forecast. 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. Their RIG share price forecasts range from $3.30 to $10.00. A value under 20 is generally considered good. The median P/B ratio for stocks in the S&P is just over 3. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Get short term trading ideas from the MarketBeat Idea Engine. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. But note, different industries have different margin rates that are considered good. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. Start date: 01/17/2013. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. This is the Air Japan corporate website, where you can view Corporate Information, Flight Routes, Safety/Flight Information, and CSR Information, etc 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 BP and Transocean . As they say, 'price follows volume'. The monthly returns are then compounded to arrive at the annual return. Ventura Makes Personal Testimony. 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 . A P/B of 2 means it's selling at 2 times its book value. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. In general, a lower number or multiple is usually considered better that a higher one. 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. 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. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. 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. These returns cover a period from January 1, 1988 through January 2, 2023. But when compared to its growth rate, it does't have the earnings growth to justify its P/E.
Former Female Fox News Anchors,
Articles T
