The company employs 5,530 workers across the globe. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Transocean Ltd. A D/E ratio of 1 means its debt is equivalent to its common equity. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Zacks Rank Education -- Learn more about the Zacks Rank This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. In many ways, the market's action of repricing the offshore . ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The company's press release can be found here. View the best growth stocks for 2023 here. 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. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Get short term trading ideas from the MarketBeat Idea Engine. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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 . International Mexico S. de R.L. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . NYSE and AMEX data is at least 20 minutes delayed. See rankings and related performance below. The Daily Price Change displays the day's percentage price change using the most recently completed close. 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Home; Topics. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. The Momentum Score takes all of this and more into account. Ventura Makes Personal Testimony. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. House, 4th Floor. The 20 day average establishes this baseline. The monthly returns are then compounded to arrive at the annual return. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. So the PEG ratio tells you what you're paying for each unit of earnings growth. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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 Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. A higher number is better than a lower number. (1) Per Transoceans internal rig ranking model. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. 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 . But they all have their place in the Growth style. 7:58 PM ET. -- Equal representation on 14-member board, chaired by Robert E. Rose. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Washington, D.C. 20549. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. With Dividends Reinvested. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Transocean's stock is owned by a variety of retail and institutional investors. American Consumer News, LLC dba MarketBeat 2010-2023. View RIG analyst ratings or view top-rated stocks. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. Islands KY1-1003 +1 (345) 745-4505 . Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The Current Ratio is defined as current assets divided by current liabilities. The Price to Earnings ratio or P/E is price divided by earnings. A higher number means the more debt a company has compared to its capital structure. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. RIG News Today | Why did Transocean stock go up today? Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. They read the articles and then traced the articles back to the article that . Search: Csx Merger Rumors. The stock has recently been. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. All rights reserved. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. Our daily ratings and market update email newsletter. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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. Please log in to your account or sign up in order to add this asset to your watchlist. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. There are currently 4 hold ratings and 4 buy ratings for the stock. Cash Flow is net income plus depreciation and other non-cash charges. A P/B of 0.5 means its selling at half its book value. Transocean has only been the subject of 3 research reports in the past 90 days. Net Margin is defined as net income divided by sales. High institutional ownership can be a signal of strong market trust in this company. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. below): Written communications pursuant to Rule 425 under . These contracts, worth a combined $1.24 billion, span multiple years. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. These returns cover a period from January 1, 1988 through January 2, 2023. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. In this case, it's the cash flow growth that's being looked at. Our testing substantiates this with the optimum range for price performance between 0-20. So be sure to compare it to its group when comparing stocks in different industries. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. Once again, cash flow is net income plus depreciation and other non-cash charges. To see all exchange delays and terms of use please see Barchart's disclaimer. $7.49 Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. A 'good' number would usually fall within the range of 1.5 to 3. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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). Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. Visit Performance Disclosure for information about the performance numbers displayed above. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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 is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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. 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 You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. In general, a lower number or multiple is usually considered better that a higher one. 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. Shares of RIG stock can be purchased through any online brokerage account. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. This measure is expressed as a percentage. Learn more about Zacks Equity Research reports. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Zacks Premium - The way to access to the Zacks Rank. Export data to Excel for your own analysis. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. The median P/B ratio for stocks in the S&P is just over 3. 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%). FORM 8-K. CURRENT REPORT. This suggests that the stock has a possible downside of 21.3%. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Delayed quotes by FIS. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. and Nauticus Robotics, Inc., a Texas corporation. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). It's used by investors as a measure of financial health. This longer-term historical perspective lets the user see how a company has grown over time. 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. Compare Top Brokerages Here. 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 ratio of 1 means a company's assets are equal to its liabilities. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . 8. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. 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. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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's mailing address is Turmstrasse30, Steinhausen V8, 6312. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. A P/B of 2 means it's selling at 2 times its book value. A high percentage of insider ownership can be a sign of company health. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? The merger is not subject to any financing condition. In general, the lower the ratio is the better. That does not mean that all companies with large growth rates will have a favorable Growth Score. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? FREE Breaking News Alerts from StreetInsider.com! 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 ratio of 2 means its assets are twice that of its liabilities. Growth Style - Learn more about the Growth Style. ROE is always expressed as a percentage. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. 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. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. 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 Sandro Thoma Transocean Ltd. . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. 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. 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 . Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Transocean does not currently pay a dividend. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. After the P/E ratio, it's one of the most common valuation metrics. By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. The consensus among Wall Street analysts is that investors should "buy" RIG shares. 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. Cash Flow is a measurement of a company's health. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Date of report (date of earliest event reported): February 15, 2023 . If a company's expenses are growing faster than their sales, this will reduce their margins. On average, they predict the company's stock price to reach $5.91 in the next year. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.

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