Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. There are currently 4 hold ratings and 4 buy ratings for the stock. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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 merger cleared the DOJ after Compass . Pursuant to Section 13 or 15 (d) of. Their RIG share price forecasts range from $3.30 to $10.00. Many other growth items are considered as well. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 326 E 8th St #105, Sioux Falls, SD 57103 American Consumer News, LLC dba MarketBeat 2010-2023. In general, the lower the ratio is the better. September 19, 2007. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Zacks Style Scores Education - Learn more about the Zacks Style Scores. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. 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 was trading at $4.56 at the start of the year. 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. The Momentum Score takes all of this and more into account. Growth Style - Learn more about the Growth Style. 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. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. 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. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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%). Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Cash Flow is a measurement of a company's health. Based upon closing prices for each. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. So be sure to compare it to its group when comparing stocks in different industries. mesurer votre utilisation de nos sites et applications. 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. This is also commonly referred to as the Asset Utilization ratio. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Islands KY1-1003 +1 (345) 745-4505 . Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) The official website for the company is www.deepwater.com. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Search: Transocean Merger Rumors. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . The income number is listed on a company's Income Statement. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . 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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. contact@marketbeat.com Visit www.zacksdata.com to get our data and content for your mobile app or website. Growth of $10,000.00. 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 . 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. Please log in to your account or sign up in order to add this asset to your watchlist. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Luigs and the midwater floater Songa Delta. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Value Style - Learn more about the Value Style. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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 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. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Growth traders and investors will tend to look for growth rates of 20% or higher. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. This suggests that the stock has a possible downside of 16.5%. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). In-depth profiles and analysis for 20,000 public companies. 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% . For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). House, 4th Floor. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Compare Top Brokerages Here. The Daily Price Change displays the day's percentage price change using the most recently completed close. ROE is always expressed as a percentage. NYSE and AMEX data is at least 20 minutes delayed. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. 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. 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.) Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Of course, different industries will have different growth rates that are considered good. During the same period in the previous year, the company posted ($0.19) EPS. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean (RIG) Announces $488 Million Addition to Backlog. 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. 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 also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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 . Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. A value greater than 1, in general, is not as good (overvalued to its growth rate). But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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. Within the VGM 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 srocks with the highest probability of success. The company's press release can be found here. 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 Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. On Monday, two U.S. discount airlines announced plans to merge. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Search: Csx Merger Rumors. 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. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. That does not mean that all companies with large growth rates will have a favorable Growth Score. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. ROE values, like other values, can vary significantly from one industry to another. We use cookies to understand how you use our site and to improve your experience. In short, this is how much a company is worth. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo What other stocks do shareholders of Transocean own? Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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. Search: Transocean Merger Rumors. It's used by investors as a measure of financial health. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. This shows the percentage of profit a company earns on its sales. Search: Csx Merger Rumors. The analyzed items go beyond simple trend analysis. 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. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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.