Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. The cause of this is impossible to tell Transocean will pay approximately $2 . Learn more about Zacks Equity Research reports. Transocean Merger Rumors That does not mean that all companies with large growth rates will have a favorable Growth Score. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Transocean Ltd. Announces Agreement to Acquire Ocean Rig The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. These returns cover a period from January 1, 1988 through January 2, 2023. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Growth traders and investors will tend to look for growth rates of 20% or higher. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. Transocean faces possible 'liquidity crisis' amid debt repayment A P/B of 2 means it's selling at 2 times its book value. It's packed with all of the company's key stats and salient decision making information. A ratio of 1 means a company's assets are equal to its liabilities. 12.29% of the stock of Transocean is held by insiders. High institutional ownership can be a signal of strong market trust in this company. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Date of report (date of earliest event reported): February 15, 2023 . American Consumer News, LLC dba MarketBeat 2010-2023. Cash Flow is a measurement of a company's health. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Transocean (RIG) is a Great Momentum Stock: Should You Buy? 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. 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. September 19, 2007. 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. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. Jan 7, 2021. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The 1 week price change reflects the collective buying and selling sentiment over the short-term. The 52 week price change is a good reference point. This is a longer-term price change metric. We use cookies to understand how you use our site and to improve your experience. 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. 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. 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 stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. How were Transocean's earnings last quarter? Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. 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. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Transocean (RIG) Announces $488 Million Addition to Backlog. To learn more, click here. A higher number is better than a lower number. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Get daily stock ideas from top-performing Wall Street analysts. 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. Transocean, Globalsantafe To Merge - MarineLink For example, a regional bank would be classified in the Finance Sector. 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). Many other growth items are considered as well. The median P/B ratio for stocks in the S&P is just over 3. Nous, Yahoo, faisons partie de la famille de marques Yahoo. But they all have their place in the Growth style. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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 services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . 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. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. . A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. 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). All of those stocks are classified into three groups: Sector, M Industry and X Industry. Projected EPS Growth looks at the estimated growth rate for one year. www.sec.gov The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. 55.16% of the stock of Transocean is held by institutions. 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. Breaking News: NE latest news. - The Fly This item is updated at 9 pm EST each day. 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 . View which stocks are hot on social media with MarketBeat's trending stocks report. What is a Good Dividend Yield? View institutional ownership trends. 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. 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. In short, this is how much a company is worth. What Predicts That A Company Merger Rumor Will Come True? - Forbes Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it The company's press release can be found here. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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% . Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . This is a medium-term price change metric (like the 4 week price change). 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. 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. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. It is the most commonly used metric for determining a company's value relative to its earnings. 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. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and The scores are based on the trading styles of Value, Growth, and Momentum. Transocean - RIG Stock Forecast, Price & News - MarketBeat Transocean Completes Merger With GlobalSantaFe | Hart Energy This measure is expressed as a percentage. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit .
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