View institutional ownership trends. Like the P/E ratio, a lower number is considered better. 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. Transocean (RIG) Stock Soars on New Contract Announcements Transocean Completes Merger With GlobalSantaFe | Hart Energy If you do not, click Cancel. Visit www.zacksdata.com to get our data and content for your mobile app or website. Ventura Makes Personal Testimony. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 2018_09_04_rig_8-k - Sec According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. How were Transocean's earnings last quarter? www.sec.gov A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Transocean Ltd. Reports First Quarter 2021 Results To see all exchange delays and terms of use please see Barchart's disclaimer. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 8 equities research analysts have issued 1 year target prices for Transocean's shares. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Of course, different industries will have different growth rates that are considered good. The company employs 5,530 workers across the globe. 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. Cash flow itself is an important item on the income statement. below): Written communications pursuant to Rule 425 under . A ratio of 2 means its assets are twice that of its liabilities. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. If you wish to go to ZacksTrade, click OK. 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. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Grand Cayman, Cayman. 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. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). This is a longer-term price change metric. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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 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% . In this case, it's the cash flow growth that's being looked at. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". 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. Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. 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. Zacks Rank Education -- Learn more about the Zacks Rank 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. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. A higher number means the more debt a company has compared to its capital structure. Transocean Ltd. RIG - 24/7 Wall St. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. What other stocks do shareholders of Transocean own? Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. 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 . Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. Start date: 01/17/2013. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms.
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