Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Ventura Makes Personal Testimony. The Zacks database contains over 10,000 stocks. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. They read the articles and then traced the articles back to the article that . Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out These returns cover a period from January 1, 1988 through January 2, 2023. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. Transocean-GlobalSantaFe Merger. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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). How were Transocean's earnings last quarter? MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. $7.49 ANALYSIS-Mixed view on effect of Transocean merger | Reuters See rankings and related performance below. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Get daily stock ideas from top-performing Wall Street analysts. Transocean/R&B Falcon Merger To Create Largest Offshore Driller The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). A P/B of 2 means it's selling at 2 times its book value. 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. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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 bonds surge as driller says it has cured default allegations Transocean, GlobalSantaFe in merger deal - ibtimes.com By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. 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. The Price to Sales ratio or P/S is calculated as price divided by sales. Why JetBlue Shares Are Up Today | The Motley Fool In the past three months, Transocean insiders have sold more of their company's stock than they have bought. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. ROE values, like other values, can vary significantly from one industry to another. 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 official website for the company is www.deepwater.com. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. This is the Air Japan corporate website, where you can view Corporate Information, Flight Routes, Safety/Flight Information, and CSR Information, etc 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 BP and Transocean . Earnings estimate revisions are the most important factor influencing stocks prices. Transocean shares have a 52-week. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. ZacksTrade and Zacks.com are separate companies. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. dvelopper et amliorer nos produits et services. View institutional ownership trends. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. The stock has recently been. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger The median P/B ratio for stocks in the S&P is just over 3. mesurer votre utilisation de nos sites et applications. Transocean, Globalsantafe To Merge - MarineLink Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. It's also commonly referred to as a 'liquidity ratio'. 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. 2018_09_04_rig_8-k - Sec Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. This is a medium-term price change metric. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . On average, they anticipate the company's stock price to reach $5.91 in the next year. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Transocean has a P/B Ratio of 0.51. Transocean Ltd. (RIG) Stock Price Today, Quote & News Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. The Price to Earnings ratio or P/E is price divided by earnings. Of course, different industries will have different growth rates that are considered good. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. BP - Royal Dutch Shell Plc .com Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. The analyzed items go beyond simple trend analysis. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Get short term trading ideas from the MarketBeat Idea Engine. and Nauticus Robotics, Inc., a Texas corporation. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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 was founded in 1953 and is headquartered in Steinhausen, Switzerland. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. The monthly returns are then compounded to arrive at the annual return. The 20 day average establishes this baseline. American Consumer News, LLC dba MarketBeat 2010-2023. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean (RIG) Stock Soars on New Contract Announcements Close Menu. 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. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine It is the most commonly used metric for determining a company's value relative to its earnings. Luigs and the midwater floater Songa Delta. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. RIG News Today | Why did Transocean stock go up today? - MarketBeat 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. The transaction has been unanimously approved by the board of directors of each company. Like the P/E ratio, a lower number is considered better. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Search: Transocean Merger Rumors. The merger cleared the DOJ after Compass . The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean Mergers and Acquisitions Summary | Mergr 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. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". 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 Ltd. (RIG) NYSE - NYSE Delayed Price. 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. 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. 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. the Securities Exchange Act of 1934. 326 E 8th St #105, Sioux Falls, SD 57103 Breaking News: NE latest news. - The Fly Minnesota Steps Closer To Legalizing Cannabis: Former Gov. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Transocean Ltd. Announces Agreement to Acquire Ocean Rig What is a Good Dividend Yield? It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. This includes personalizing content and advertising. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. A 'good' number would usually fall within the range of 1.5 to 3. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. It's calculated as earnings divided by price. The consensus among Wall Street analysts is that investors should "buy" RIG shares. 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. Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? So be sure to compare it to its group when comparing stocks in different industries. Main Menu; Markets. 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. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. On Monday, two U.S. discount airlines announced plans to merge. 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ROE is always expressed as a percentage. Real time prices by BATS. See what's happening in the market right now with MarketBeat's real-time news feed. Visit www.zacksdata.com to get our data and content for your mobile app or website. Like earnings, a higher growth rate is better than a lower growth rate. Shares of RIG stock can be purchased through any online brokerage account. What Predicts That A Company Merger Rumor Will Come True? - Forbes Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Transocean denies R&B merger speculation | TradeWinds Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . That means these items are added back into the net income to produce this earnings number. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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. 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). After the P/E ratio, it's one of the most common valuation metrics. (844) 978-6257. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Search: Csx Merger Rumors. The income number is listed on a company's Income Statement. are strong. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The two drillers in September entered into a definitive merger agreement under which Transocean was to acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig's net debt, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary RIG News Today | Why did Transocean stock go up today? Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. A D/E ratio of 1 means its debt is equivalent to its common equity. 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. Their RIG share price forecasts range from $3.30 to $10.00. Zacks Rank Education -- Learn more about the Zacks Rank
Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Seeing a stock's EPS change over 1 week is important. View which stocks are hot on social media with MarketBeat's trending stocks report. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. As Transocean has already committed to voting its approximately 21.3 million common units in favor of the merger, a vote in favor of the merger by approximately 9.9 million (or approximately 50.1% . Transocean Beats Investors' Merger Suit Over Safety Record Start date: 01/17/2013. Volume is a useful item in many ways. In general, the lower the ratio is the better. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. NASDAQ data is at least 15 minutes delayed. Search: Csx Merger Rumors. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Transocean Partners - Products, Competitors, Financials, Employees For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Identify stocks that meet your criteria using seven unique stock screeners. 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. We use cookies to understand how you use our site and to improve your experience. This item is updated at 9 pm EST each day. But, it's made even more meaningful when looking at the longer-term 4 week percent change. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. 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. Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy . 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. Transocean wraps up $2.7B Ocean Rig acquisition Pursuant to Section 13 or 15 (d) of. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Date of report (date of earliest event reported): February 15, 2023 . www.sec.gov 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. Transocean's stock is owned by a variety of retail and institutional investors.