Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. On Monday, two U.S. discount airlines announced plans to merge. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The company was founded in 1926 and is based in Steinhausen,. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Cash Flow is a measurement of a company's health. 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 . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. On average, they predict the company's stock price to reach $5.91 in the next year. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Transocean's stock is owned by a variety of retail and institutional investors. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. 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. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? The respective items are ranked and graded into five groups: A, B, C, D and F. 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. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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. It is essentially the inverse of the P/E ratio. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 8 brokerages have issued 12 month target prices for Transocean's shares. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. View RIG analyst ratings or view top-rated stocks. A higher number means the more debt a company has compared to its capital structure. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 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. 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. 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 The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 7:58 PM ET. 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. Search: Transocean Merger Rumors. The median P/B ratio for stocks in the S&P is just over 3. 8. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. 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. Zacks Premium - The way to access to the Zacks Rank. We use cookies to understand how you use our site and to improve your experience. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. 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. It is used to help gauge a company's financial health. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. This item is updated at 9 pm EST each day. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. But they all have their place in the Growth style. Like earnings, a higher growth rate is better than a lower growth rate. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. 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. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. One share of RIG stock can currently be purchased for approximately $7.51. and Nauticus Robotics, Inc., a Texas corporation. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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 Ltd. The scores are based on the trading styles of Value, Growth, and Momentum. 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 . 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 . Please log in to your account or sign up in order to add this asset to your watchlist. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. To learn more, click here. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. A D/E ratio of 1 means its debt is equivalent to its common equity. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. 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. 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% . Transocean shares have a 52-week. 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. The new company, which will operate under the Transocean name, will combine the largest. Zacks Style Scores Education - Learn more about the Zacks Style Scores. As they say, 'price follows volume'. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Should I buy or sell Transocean stock right now? Transocean has a P/B Ratio of 0.51. The company employs 5,530 workers across the globe. . And margin rates can vary significantly across these different groups. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Their RIG share price forecasts range from $3.30 to $10.00. Ventura Makes Personal Testimony. 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. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. mesurer votre utilisation de nos sites et applications. The Zacks database contains over 10,000 stocks. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. The Price to Sales ratio or P/S is calculated as price divided by sales. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Main Menu; Markets. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Our daily ratings and market update email newsletter. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). See what's happening in the market right now with MarketBeat's real-time news feed. The company's mobile offshore drilling. 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. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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. are strong. Jan 7, 2021. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry.