View which stocks are hot on social media with MarketBeat's trending stocks report. This item is updated at 9 pm EST each day. As they say, 'price follows volume'. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. the Securities Exchange Act of 1934. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Value Style - Learn more about the Value Style. One share of RIG stock can currently be purchased for approximately $7.51. That means these items are added back into the net income to produce this earnings number. Transocean stock traded at $4.52 ahead of earnings, but Tuesday's reaction took shares down to $4.41, and on Wednesday they were down another 1.2% to $4.37. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Transocean-GlobalSantaFe Merger - Compass Lexecon To learn more, click here. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. September 19, 2007. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. If you wish to go to ZacksTrade, click OK. It is used to help gauge a company's financial health. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? A higher number is better than a lower number. 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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.) A ratio of 1 means a company's assets are equal to its liabilities. Close Menu. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Earnings estimate revisions are the most important factor influencing stocks prices. The income number is listed on a company's Income Statement. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. On Monday, two U.S. discount airlines announced plans to merge. How were Transocean's earnings last quarter? below): Written communications pursuant to Rule 425 under . Breaking News: NE latest news. That does not mean that all companies with large growth rates will have a favorable Growth Score. Should I buy or sell Transocean stock right now? Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. We use cookies to understand how you use our site and to improve your experience. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 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. 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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%). A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. 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. 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.. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. $7.49 Transocean has only been the subject of 3 research reports in the past 90 days. The analyzed items go beyond simple trend analysis. See rankings and related performance below. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. (844) 978-6257. 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. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Identify stocks that meet your criteria using seven unique stock screeners. View RIG analyst ratings or view top-rated stocks. Transocean Merger Sparks Consolidation Talk for Other Drillers Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. 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 . - The Fly. 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). And margin rates can vary significantly across these different groups. And, of course, the 4 week change helps put the 1 week change into context. Luigs and the midwater floater Songa Delta. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Transocean Partners - Products, Competitors, Financials, Employees Learn more about Zacks Equity Research reports. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Date of report (date of earliest event reported): February 15, 2023 . This allows the investor to be as broad or as specific as they want to be when selecting stocks. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Visit Performance Disclosure for information about the performance numbers displayed above. 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. 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. FORM 8-K. CURRENT REPORT. These returns cover a period from January 1, 1988 through January 2, 2023. Form 8-K Transocean Ltd. For: Feb 15 P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Search: Transocean Merger Rumors. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
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