But they all have their place in the Growth style. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Rumors - Latest News and breaking headlines - Benzinga The 52 week price change is a good reference point. Transocean Mergers and Acquisitions Summary | Mergr The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. Shares of RIG stock can be purchased through any online brokerage account. 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. We use cookies to understand how you use our site and to improve your experience. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Transocean, Globalsantafe To Merge - MarineLink Form 8-K Transocean Ltd. For: Feb 15 Real-time analyst ratings, insider transactions, earnings data, and more. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. ZacksTrade and Zacks.com are separate companies. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . As the name suggests, it's calculated as sales divided by assets. Should I buy or sell Transocean stock right now? 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%). In general, a lower number or multiple is usually considered better that a higher one. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. 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 anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd 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. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. See rankings and related performance below. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. This item is updated at 9 pm EST each day. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. 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. It is essentially the inverse of the P/E ratio. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The company's press release can be found here. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . 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.) 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.. Breaking News: NE latest news. - The Fly If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. The longer-term perspective helps smooth out short-term events. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. Transocean shares have a 52-week. American Consumer News, LLC dba MarketBeat 2010-2023. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Grand Cayman, Cayman. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Transocean bonds surge as driller says it has cured default allegations Search: Csx Merger Rumors. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Net Margin is defined as net income divided by sales. Real time prices by BATS. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. After the P/E ratio, it's one of the most common valuation metrics. 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). They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). During the same period in the previous year, the company posted ($0.19) EPS. Compare Top Brokerages Here. * indicates the important links in the menu, After-Market: Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Close Menu. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. This measure is expressed as a percentage. mesurer votre utilisation de nos sites et applications. 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. 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) 0.6996 . Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Transocean : SpareBank 1 Markets 2023 Energy Conference Search: Transocean Merger Rumors. The cause of this is impossible to tell Transocean will pay approximately $2 . 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. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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. Learn more about Zacks Equity Research reports. If a company's expenses are growing faster than their sales, this will reduce their margins. 55.16% of the stock of Transocean is held by institutions. Transocean denies R&B merger speculation | TradeWinds Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it Cash flow can be found on the cash flow statement. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. A ratio of 1 means a company's assets are equal to its liabilities. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. View which stocks are hot on social media with MarketBeat's trending stocks report. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo 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. Date of report (date of earliest event reported): February 15, 2023 . 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. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. And, of course, the 4 week change helps put the 1 week change into context. This is a medium-term price change metric (like the 4 week price change). TransOcean - Official Website Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. The Momentum Score takes all of this and more into account. The PEG ratio is the P/E ratio divided by its growth rate. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. A higher number is better than a lower number. But note, different industries have different margin rates that are considered good. capital one merger rumors A value under 20 is generally considered good. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. The median P/B ratio for stocks in the S&P is just over 3. 12.29% of the stock of Transocean is held by insiders. Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. In short, this is how much a company is worth. It's used by investors as a measure of financial health. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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 . Growth Style - Learn more about the Growth Style. Home; Topics. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. That means these items are added back into the net income to produce this earnings number. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Search: Transocean Merger Rumors. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. International Mexico S. de R.L. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. are strong. Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (Ocean Rig) (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. 326 E 8th St #105, Sioux Falls, SD 57103 Transocean wraps up $2.7B Ocean Rig acquisition It is the most commonly used metric for determining a company's value relative to its earnings. Transocean Merger Sparks Consolidation Talk for Other Drillers What other stocks do shareholders of Transocean own? Bhd., Songa Offshore Management Limited, Songa Offshore Pte. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Above 1 means it assets are greater than its liabilities. The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. View our RIG earnings forecast. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and Visit Performance Disclosure for information about the performance numbers displayed above. Transocean faces possible 'liquidity crisis' amid debt repayment 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. 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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. 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. This longer-term historical perspective lets the user see how a company has grown over time. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. It's calculated as earnings divided by price. Growth traders and investors will tend to look for growth rates of 20% or higher. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. All of those stocks are classified into three groups: Sector, M Industry and X Industry. A value greater than 1, in general, is not as good (overvalued to its growth rate). The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. The Current Ratio is defined as current assets divided by current liabilities. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. When evaluating a stock, it can be useful to compare it to its industry as a point of reference.

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