Transocean hochinteressant!
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41.65 -1.68 (-3.88%)
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???
und falls doch (noch) nicht, kann man sich das warten auf kurssteigerungen, mit einer aussergewöhnlich hohen dividende versüssen...
Transocean LTD Given New $50.00 Price Target at Howard Weil (RIG)
http://www.mideasttime.com/...price-target-at-howard-weil-rig/140148/
Transocean LTD (NYSE:RIG) had its price target lowered by Howard Weil from $60.00 to $50.00 in a research report sent to investors on Friday morning, StockRatingsNetwork reports. The firm currently has a sector perform rating on the stock.
Transocean LTD (NYSE:RIG) traded up 1.41% during mid-day trading on Friday, hitting $42.33. 2,776,960 shares of the company’s stock traded hands. Transocean LTD has a 52-week low of $38.47 and a 52-week high of $55.79. The stock’s 50-day moving average is $41.5 and its 200-day moving average is $45.4. The company has a market cap of $15.323 billion and a price-to-earnings ratio of 9.84.
Transocean LTD (NYSE:RIG) last announced its earnings results on Wednesday, May 7th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.40. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Transocean LTD will post $4.42 earnings per share for the current fiscal year.
http://www.fool.com/investing/general/2014/05/22/...ansocean-ltd.aspx
For the first quarter, Transocean Ltd (NYSE: RIG ) generated earnings that smashed analyst estimates. The offshore driller, which has struggled since the Macondo accident and is plagued with old rigs, put together one of the best quarters in years.
For offshore drillers, two key metrics dictate the level of profits: revenue efficiency and fleet utilization. In the case of Transocean, revenue efficiency hit 95.7% to reach the highest level since 2008. Fleet utilization is still struggling at 78%, but the level is high enough to produce huge profits.
The numbers are comparable to those of other offshore drillers like Noble Corp (NYSE: NE ) and Diamond Offshore Drilling (NYSE: ESV ) that have smashed estimates, yet face an uncertain short-term outlook.
Strong earnings
Transocean reported a small sequential increase in revenue to reach $2.34 billion in part due to a $100 million increase in revenue from the higher efficiency rate. Earnings per share surged to $1.43 and handily exceeded analyst estimates of around $1. The surge in earnings was the combination of an increase in revenue and a large decline in operating costs. A large portion of the cost decline was due to roughly $110 million of reduced shipyard maintenance due to timing issues that the company won't benefit from long-term.
Similar results were seen at both Noble and Diamond Offshore that led both companies to easily surpass analyst estimates. Noble had lower than expected downtime of 4.5% during the quarter leading to a earnings beat of $0.34. Likewise, due to operating efficiencies Diamond Offshore saw earnings beat analyst estimates by $0.28.
Dayrate declines
With a relatively low fleet utilization rate of 78% for the first quarter, it isn't surprising to see Transocean accept new contracts with substantially lower dayrates. The May fleet update highlighted some of the recent contracts that were in the news. The Dhirubhai Deepwater KG1 signed a three-year contract offshore Brazil at a dayrate of $440,000, down from the prior rate of $510,000. Most concerning was the GSF Development Driller II accepting a contract of a three-well deal in the Black Sea offshore Romania for only $360,000 per day. The rig was previously working in the Gulf of Mexico for a whopping $606,000. A few other rigs were signed to contracts at or below previous dayrates.
These declining dayrates for the working rigs, combined with the low fleet utilization, are sending the earnings estimates down for 2015 to the tune of nearly 20% below the current 2014 estimates. Even more interesting is that despite the $0.41 earnings beat in the first quarter, analysts haven't increased current year estimates.
Noble Corp produced a fleet utilization of 84% in the first quarter, and analysts expect the company to continue generating revenue growth for 2014 and 2015. Diamond Offshore has a similarly bullish outlook with the expected delivery of several ultra-deepwater rigs in the next couple of years. The company even bought $86 million worth of stock during the first quarter to highlight the valuation proposition.
Bottom line
The current valuation equation is a tough situation with Transocean generating stronger operations along with reduced dayrates going forward. In addition, with the increased annual dividend of $3, the stock now yields a very strong 7.2% to compete against the largest in the industry. The stock, however, trades at an industry high of around 11.3x forward earnings. Both Noble Corp and Diamond Offshore Drilling provide cheaper alternatives to the constantly higher valuations of Transocean.
Mark Holder has no position in any stocks mentioned. The Motley Fool owns shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
bin jetzt seit nicht allzu langer Zeit auch dabei... Meint ihr, der Knoten ist jetzt endlich geplatzt?
http://www.nasdaq.com/article/...e-scheduled-for-may-28-2014-cm356315
Transocean Ltd. ( RIG ) will begin trading ex-dividend on May 28, 2014. A cash dividend payment of $0.75 per share is scheduled to be paid on June 18, 2014. Shareholders who purchased RIG stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 33.93% increase over the prior quarter. At the current stock price of $42.55, the dividend yield is 7.05%.
The previous trading day's last sale of RIG was $42.55, representing a -23.66% decrease from the 52 week high of $55.74 and a 10.61% increase over the 52 week low of $38.47.
RIG is a part of the Energy sector, which includes companies such as PetroChina Company Limited ( PTR ) and TotalFinaElf, S.A. ( TOT ). RIG's current earnings per share, an indicator of a company's profitability, is $4.23. Zacks Investment Research reports RIG's forecasted earnings growth in 2014 as 3.95%, compared to an industry average of 12.5%.
For more information on the declaration, record and payment dates, visit the RIG Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Read more: http://www.nasdaq.com/article/...r-may-28-2014-cm356315#ixzz32vdUlu2M
50$ wären ein mehr als wünschenwertes zwischenziel, bevor man sich dann wieder höherem zuwenden könnte...
Vielleicht möchte auch Herr Icahn noch ein paar haben für den Preis.
http://www.insidermonkey.com/hedge-fund/icahn+capital+lp/4/
wenn das immer so läuft, sollte man eigentlich mehr divi realisieren, indem man vorher verkauft und später wieder einsteigt. hätte sich heute mehr als gelohnt...