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 . Transocean Inc. 36C Dr. Roy's Drive, Bermuda. TransOcean 2: Rivals - Update 1.2 available. 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. 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. 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. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. Growth of $10,000.00. 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. 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 . 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. 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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. Momentum Style - Learn more about the Momentum Style. 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. 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 . This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Visit www.zacksdata.com to get our data and content for your mobile app or website. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. The merger is not subject to any financing condition. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Search: Transocean Merger Rumors. 12.29% of the stock of Transocean is held by insiders. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. But, typically, an aggressive growth trader will be interested in the higher growth rates. How good is it? The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. 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. Islands KY1-1003 +1 (345) 745-4505 . The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Grand Cayman, Cayman. 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. 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. The merger cleared the DOJ after Compass . The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). 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. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. Both floaters are currently stacked. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. A P/B of 1 means it's selling at its per share book value. 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. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Transocean has only been the subject of 3 research reports in the past 90 days. Please log in to your account or sign up in order to add this asset to your watchlist. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. A ratio of 2 means its assets are twice that of its liabilities. A 'good' number would usually fall within the range of 1.5 to 3. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. This is a longer-term price change metric. 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) 0.6996 . 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). For one, part of trading is being able to get in and out of a stock easily. Earnings estimate revisions are the most important factor influencing stocks prices. There are 17 Sectors, 60 different M Industries, and 265 X Industries. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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% . It is used to help gauge a company's financial health. Get short term trading ideas from the MarketBeat Idea Engine. In-depth profiles and analysis for 20,000 public companies. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Our testing substantiates this with the optimum range for price performance between 0-20. A value greater than 1, in general, is not as good (overvalued to its growth rate). [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . 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. Zacks Rank Education -- Learn more about the Zacks Rank 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. the Securities Exchange Act of 1934. Net Margin is defined as net income divided by sales. * indicates the important links in the menu, After-Market: A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. Cash flow itself is an important item on the income statement. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The Daily Price Change displays the day's percentage price change using the most recently completed close. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. This shows the percentage of profit a company earns on its sales. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. 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. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. How were Transocean's earnings last quarter? By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. NYSE and AMEX data is at least 20 minutes delayed. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The cause of this is impossible to tell Transocean will pay approximately $2 . Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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. 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. Their RIG share price forecasts range from $3.30 to $10.00. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. 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. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 8. 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). 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. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. and Nauticus Robotics, Inc., a Texas corporation. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Breaking News: NE latest news. 7:58 PM ET. 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 stock has recently been. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Transocean (RIG) Announces $488 Million Addition to Backlog. The income number is listed on a company's Income Statement. The Zacks database contains over 10,000 stocks. Transocean's stock was trading at $4.56 at the start of the year. And, of course, the 4 week change helps put the 1 week change into context. All rights reserved. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. House, 4th Floor. In general, a lower number or multiple is usually considered better that a higher one. Learn more about Zacks Equity Research reports. Value Style - Learn more about the Value Style. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. As they say, 'price follows volume'. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. 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's stock is owned by a variety of retail and institutional investors. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. 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. 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. In short, this is how much a company is worth. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. 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. 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. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. betsy woodruff swan wedding, luxury homes in louisiana, consumer direct 2021 payroll calendar,

Made In New York Pizza Lawsuit, Fibromyalgia Vaccine 2020, Vinelink Inmate Release Date, Articles T