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 . Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Offshore Drilling: These Rig Companies Could Be Takeover Candidates 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. This longer-term historical perspective lets the user see how a company has grown over time. Delayed quotes by FIS. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Form 8-K Transocean Ltd. For: Feb 15 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. Seeing a stock's EPS change over 1 week is important. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. So the PEG ratio tells you what you're paying for each unit of earnings growth. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Islands KY1-1003 +1 (345) 745-4505 . 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. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. 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 Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Washington, D.C. 20549. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. A value greater than 1, in general, is not as good (overvalued to its growth rate). Transocean Beats Investors' Merger Suit Over Safety Record The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. ROE is always expressed as a percentage. Transocean Ltd. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. To learn more, click here. A P/B of 1 means it's selling at its per share book value. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. Cash flow itself is an important item on the income statement. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. NASDAQ data is at least 15 minutes delayed. 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. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it 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. 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. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. 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 Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. 8 equities research analysts have issued 1 year target prices for Transocean's shares. In short, this is how much a company is worth. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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 . Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Search: Transocean Merger Rumors. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. ANALYSIS-Mixed view on effect of Transocean merger | Reuters Jeremy D. Thigpen has an approval rating of 60% among the company's employees. 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 . Main Menu; Markets. 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. 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. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research BP - Royal Dutch Shell Plc .com These returns cover a period from January 1, 1988 through January 2, 2023. The official website for the company is www.deepwater.com. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 12.29% of the stock of Transocean is held by insiders. Both floaters are currently stacked. 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. Transocean Ltd. Announces Agreement to Acquire Ocean Rig 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. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Growth traders and investors will tend to look for growth rates of 20% or higher. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) House, 4th Floor. 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, GlobalSantaFe in merger deal - ibtimes.com It is the most commonly used metric for determining a company's value relative to its earnings. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Transocean Merger Rumors Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. Many other growth items are considered as well. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Identify stocks that meet your criteria using seven unique stock screeners. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. - The Fly. The Momentum Score takes all of this and more into account. 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. 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. Transocean (RIG) Stock Soars on New Contract Announcements These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. The transaction has been unanimously approved by the board of directors of each company. FORM 8-K. CURRENT REPORT. This shows the percentage of profit a company earns on its sales. 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. Cash flow can be found on the cash flow statement. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. And margin rates can vary significantly across these different groups. 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The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Like the P/E ratio, a lower number is considered better. In general, a lower number or multiple is usually considered better that a higher one. 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. What is a Good Dividend Yield? The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. This includes personalizing content and advertising. contact@marketbeat.com Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. This is also referred to as the cash yield. Search: Transocean Merger Rumors. Transocean's stock was trading at $4.56 at the start of the year. 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. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra 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. Accordingly, the company's. This is also commonly referred to as the Asset Utilization ratio. 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. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Sandro Thoma Transocean Ltd. . A P/B of 2 means it's selling at 2 times its book value. 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. RIG News Today | Why did Transocean stock go up today? - MarketBeat Breaking News: NE latest news. - The Fly Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Above 1 means it assets are greater than its liabilities. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. We use cookies to understand how you use our site and to improve your experience. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. 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. 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. It's used by investors as a measure of financial health. Of course, different industries will have different growth rates that are considered good. As they say, 'price follows volume'. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. The 20 day average establishes this baseline. 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. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it 7:58 PM ET. Get daily stock ideas from top-performing Wall Street analysts. $7.49 The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Transocean faces possible 'liquidity crisis' amid debt repayment Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. The median P/B ratio for stocks in the S&P is just over 3. Pursuant to Section 13 or 15 (d) of. Growth of $10,000.00. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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. 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. 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. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The company employs 5,530 workers across the globe. Transocean Stock Split History How good is it? Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? This suggests that the stock has a possible downside of 16.5%. A higher number means the more debt a company has compared to its capital structure. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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. But, typically, an aggressive growth trader will be interested in the higher growth rates. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment.
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