GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), ("Ocean Rig" or the "Company"), an international contractor of offshore deepwater drilling services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Real time prices by BATS. Sign in to your free account to enjoy all that MarketBeat has to offer. Earnings estimate revisions are the most important factor influencing stocks prices. The new company, which will operate under the Transocean name, will combine the largest. 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 . 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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. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Islands KY1-1003 +1 (345) 745-4505 . 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. . The Momentum Score takes all of this and more into account. ROE values, like other values, can vary significantly from one industry to another. 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. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). 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. 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 What other stocks do shareholders of Transocean own? TransOcean 2: Rivals - Update 1.2 available. 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. A P/B of 2 means it's selling at 2 times its book value. 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. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . 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. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. mesurer votre utilisation de nos sites et applications. 55.16% of the stock of Transocean is held by institutions. 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 combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. On Monday, two U.S. discount airlines announced plans to merge. In many ways, the market's action of repricing the offshore . A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Momentum Style - Learn more about the Momentum Style. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Projected EPS Growth looks at the estimated growth rate for one year. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). 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 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. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Transocean does not currently pay a dividend. On average, they anticipate the company's stock price to reach $5.91 in the next year. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. As they say, 'price follows volume'. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. The monthly returns are then compounded to arrive at the annual return. Washington, D.C. 20549. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? These returns cover a period from January 1, 1988 through January 2, 2023. 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. One share of RIG stock can currently be purchased for approximately $7.51. The company was founded in 1926 and is based in Steinhausen,. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. There are currently 4 hold ratings and 4 buy ratings for the stock. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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. What is Transocean's stock price forecast for 2023? So be sure to compare it to its group when comparing stocks in different industries. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Real-time analyst ratings, insider transactions, earnings data, and more. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. NASDAQ data is at least 15 minutes delayed. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. It's calculated as earnings divided by price. -0.02 (-0.27%) This measure is expressed as a percentage. 12.29% of the stock of Transocean is held by insiders. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. Search: Csx Merger Rumors. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Search: Transocean Merger Rumors. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Transocean Ltd. And margin rates can vary significantly across these different groups. Visit Performance Disclosure for information about the performance numbers displayed above.

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