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. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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. Search: Csx Merger Rumors. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Real time prices by BATS. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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 . 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 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. 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. Once again, cash flow is net income plus depreciation and other non-cash charges. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. In many ways, the market's action of repricing the offshore . Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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. DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . Transocean has a P/B Ratio of 0.51. 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 . Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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. Search: Transocean Merger Rumors. Net Margin is defined as net income divided by sales. These returns cover a period from January 1, 1988 through January 2, 2023. Accordingly, the company's. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Close Menu. 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. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. It's also commonly referred to as a 'liquidity ratio'. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. The longer-term perspective helps smooth out short-term events. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. 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. Get short term trading ideas from the MarketBeat Idea Engine. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Transocean does not currently pay a dividend. 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 Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. In this case, it's the cash flow growth that's being looked at. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Transocean has received a consensus rating of Buy. 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. A value greater than 1, in general, is not as good (overvalued to its growth rate). The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. Our daily ratings and market update email newsletter. To see all exchange delays and terms of use please see Barchart's disclaimer. Visit Performance Disclosure for information about the performance numbers displayed above. Washington, D.C. 20549. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Identify stocks that meet your criteria using seven unique stock screeners. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. 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. House, 4th Floor. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? A D/E ratio of 1 means its debt is equivalent to its common equity. All of those stocks are classified into three groups: Sector, M Industry and X Industry. The company was founded in 1926 and is based in Steinhausen,. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 8 brokerages have issued 12 month target prices for Transocean's shares. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . 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. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. They read the articles and then traced the articles back to the article that . But note, different industries have different margin rates that are considered good. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Zacks Rank Education -- Learn more about the Zacks Rank
There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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. 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). The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. FORM 8-K. CURRENT REPORT. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Search: Transocean Merger Rumors. Visit www.zacksdata.com to get our data and content for your mobile app or website. Both floaters are currently stacked. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Main Menu; Markets. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Start date: 01/17/2013. 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. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The PEG ratio is the P/E ratio divided by its growth rate. the Securities Exchange Act of 1934. A ratio of 2 means its assets are twice that of its liabilities. Ventura Makes Personal Testimony. The 1 week price change reflects the collective buying and selling sentiment over the short-term. The Current Ratio is defined as current assets divided by current liabilities. 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 (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). When evaluating a stock, it can be useful to compare it to its industry as a point of reference. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Search: Csx Merger Rumors. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. High institutional ownership can be a signal of strong market trust in this company. 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. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. This item is updated at 9 pm EST each day. Seeing a stock's EPS change over 1 week is important. The Momentum Score takes all of this and more into account. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. ROE is always expressed as a percentage. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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. 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. On average, they predict the company's stock price to reach $5.91 in the next year. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. 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. This is also referred to as the cash yield. $7.49 The merger is not subject to any financing condition. The company's press release can be found here. 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 . Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Growth Style - Learn more about the Growth Style. A higher number means the more debt a company has compared to its capital structure. 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. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Get daily stock ideas from top-performing Wall Street analysts. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. 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). Their RIG share price forecasts range from $3.30 to $10.00. are strong. We use cookies to understand how you use our site and to improve your experience. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. The transaction has been unanimously approved by the board of directors of each company. To learn more, click here. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Search: Transocean Merger Rumors. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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. It's calculated as earnings divided by price. A high percentage of insider ownership can be a sign of company health. 326 E 8th St #105, Sioux Falls, SD 57103 Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. See what's happening in the market right now with MarketBeat's real-time news feed. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. NYSE and AMEX data is at least 20 minutes delayed. Projected EPS Growth looks at the estimated growth rate for one year. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd.
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