Cash Flow is net income plus depreciation and other non-cash charges. Visit Performance Disclosure for information about the performance numbers displayed above. A D/E ratio of 1 means its debt is equivalent to its common equity. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. But they all have their place in the Growth style. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. 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. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Home; Topics. The Current Ratio is defined as current assets divided by current liabilities. 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. It's used by investors as a measure of financial health. This suggests that the stock has a possible downside of 21.3%. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. It's also commonly referred to as a 'liquidity ratio'. The 52 week price change is a good reference point. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. The 20 day average establishes this baseline. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. To see all exchange delays and terms of use please see Barchart's disclaimer. 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 . Projected EPS Growth looks at the estimated growth rate for one year. Rumors - Latest News and breaking headlines - Benzinga This is a medium-term price change metric (like the 4 week price change). 8 brokerages have issued 12 month target prices for Transocean's shares. 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. 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. Pursuant to Section 13 or 15 (d) of. After the P/E ratio, it's one of the most common valuation metrics. 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. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . In general, a lower number or multiple is usually considered better that a higher one. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. 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. How were Transocean's earnings last quarter? 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. Search: Csx Merger Rumors. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Transocean does not have a long track record of dividend growth. Noble-Maersk merger to create world's third-largest - Offshore Close Menu. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. A higher number means the more debt a company has compared to its capital structure. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Search: Transocean Merger Rumors. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. All of those stocks are classified into three groups: Sector, M Industry and X Industry. The Price to Sales ratio or P/S is calculated as price divided by sales. 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. 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. 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 (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. TransOcean 2: Rivals - Update 1.2 available. 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%). If you do not, click Cancel. Transocean does not currently pay a dividend. Both floaters are currently stacked. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research 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 . Start date: 01/17/2013. 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. 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. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. The transaction has been unanimously approved by the board of directors of each company. Above 1 means it assets are greater than its liabilities. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. To learn more, click here. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). In many ways, the market's action of repricing the offshore . It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 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. Growth of $10,000.00. 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Transocean-GlobalSantaFe Merger. RIG News Today | Why did Transocean stock go up today? - MarketBeat Transocean Ltd. It is used to help gauge a company's financial health.
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