It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. September 19, 2007. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Momentum Style - Learn more about the Momentum Style. Search: Transocean Merger Rumors. Earnings estimate revisions are the most important factor influencing stocks prices. The analyst urged Transocean to use the current market crisis to address these issues with its customers. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Export data to Excel for your own analysis. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. * indicates the important links in the menu, After-Market: View institutional ownership trends. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . Net Margin is defined as net income divided by sales. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? Like the P/E ratio, a lower number is considered better. 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. This is a medium-term price change metric. This is a medium-term price change metric (like the 4 week price change). Cash Flow is net income plus depreciation and other non-cash charges. What is a Good Dividend Yield? P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. are strong. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Growth Style - Learn more about the Growth Style. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Value Style - Learn more about the Value Style. 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. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Visit Performance Disclosure for information about the performance numbers displayed above. Sandro Thoma Transocean Ltd. . Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 8 brokerages have issued 12 month target prices for Transocean's shares. The analyzed items go beyond simple trend analysis. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. This is also referred to as the cash yield. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. the Securities Exchange Act of 1934. Learn more about Zacks Equity Research reports. The company's mobile offshore drilling. 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 . A higher number is better than a lower number. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Transocean does not have a long track record of dividend growth. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Transocean's stock was trading at $4.56 at the start of the year. Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. The scores are based on the trading styles of Value, Growth, and Momentum. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. This shows the percentage of profit a company earns on its sales. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. How were Transocean's earnings last quarter? Delayed quotes by FIS. The 20 day average establishes this baseline. 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. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Transocean's stock is owned by a variety of retail and institutional investors. Our testing substantiates this with the optimum range for price performance between 0-20. The new company, which will operate under the Transocean name, will combine the largest. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. 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. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. 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. 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. $7.49 A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Zacks Style Scores Education - Learn more about the Zacks Style Scores. A value greater than 1, in general, is not as good (overvalued to its growth rate). Should I buy or sell Transocean stock right now? Luigs and the midwater floater Songa Delta. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. That means these items are added back into the net income to produce this earnings number. Like earnings, a higher growth rate is better than a lower growth rate. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Top institutional shareholders include Contrarius Investment Management Ltd (4.30%), Van ECK Associates Corp (3.48%), Morgan Stanley (2.54%), Dimensional Fund Advisors LP (2.32%), Two Sigma Investments LP (2.05%) and Two Sigma Advisers LP (1.91%). 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. Their RIG share price forecasts range from $3.30 to $10.00. 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. Seeing a stock's EPS change over 1 week is important. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. The transaction has been unanimously approved by the board of directors of each company. 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 . Santa Fe Supraco Indonesia, PT. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Washington, D.C. 20549. This measure is expressed as a percentage. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. 8 equities research analysts have issued 1 year target prices for Transocean's shares. . The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Home; Topics. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law.
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