transocean merger rumors

Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. As they say, 'price follows volume'. 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. 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. 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. Zacks Ranks stocks can, and often do, change throughout the month. 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. 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 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. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. A higher number means the more debt a company has compared to its capital structure. The transaction has been unanimously approved by the board of directors of each company. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. The Current Ratio is defined as current assets divided by current liabilities. This suggests that the stock has a possible downside of 16.5%. Get short term trading ideas from the MarketBeat Idea Engine. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. This allows the investor to be as broad or as specific as they want to be when selecting stocks. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. 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. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The Price to Sales ratio or P/S is calculated as price divided by sales. In many ways, the market's action of repricing the offshore . 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.. Projected EPS Growth looks at the estimated growth rate for one year. On average, they predict the company's stock price to reach $5.91 in the next year. A value under 20 is generally considered good. On Monday, two U.S. discount airlines announced plans to merge. 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. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. This measure is expressed as a percentage. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. For one, part of trading is being able to get in and out of a stock easily. This item is updated at 9 pm EST each day. 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 . Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. There are currently 4 hold ratings and 4 buy ratings for the stock. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Rank Education -- Learn more about the Zacks Rank But, typically, an aggressive growth trader will be interested in the higher growth rates. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Export data to Excel for your own analysis. 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. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. To see all exchange delays and terms of use please see Barchart's disclaimer. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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 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. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Earnings estimate revisions are the most important factor influencing stocks prices. The Momentum Score takes all of this and more into account. 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 industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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 The new company, which will operate under the Transocean name, will combine the largest. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. 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. [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 . Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, 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. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. A D/E ratio of 1 means its debt is equivalent to its common equity. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. . See rankings and related performance below. All rights reserved. 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. Cash Flow is a measurement of a company's health. 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. 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. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Search: Transocean Merger Rumors. Many other growth items are considered as well. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 8 equities research analysts have issued 1 year target prices for Transocean's shares. The longer-term perspective helps smooth out short-term events. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The Zacks database contains over 10,000 stocks. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. These contracts, worth a combined $1.24 billion, span multiple years. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, 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 srocks with the highest probability of success. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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. Transocean has only been the subject of 3 research reports in the past 90 days. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Delayed quotes by FIS. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Search: Transocean Merger Rumors. 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 * indicates the important links in the menu, After-Market: The 20 day average establishes this baseline. A value greater than 1, in general, is not as good (overvalued to its growth rate). FORM 8-K. CURRENT REPORT. 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. This is also referred to as the cash yield. 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 It's calculated as earnings divided by price. Transocean shares have a 52-week. FREE Breaking News Alerts from StreetInsider.com! RIG News Today | Why did Transocean stock go up today?

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