Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Transocean Ltd. Announces Agreement to Acquire Ocean Rig This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. In general, the lower the ratio is the better. 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. Shares of RIG stock can be purchased through any online brokerage account. A value greater than 1, in general, is not as good (overvalued to its growth rate). Transocean (RIG) Announces $488 Million Addition to Backlog. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. It's calculated as earnings divided by price. The longer-term perspective helps smooth out short-term events. 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. Search: Transocean Merger Rumors. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 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. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its Dear Community, the latest update for TransOcean 2: Rivals just set sail today! So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. mesurer votre utilisation de nos sites et applications. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. The merger is not subject to any financing condition. the Securities Exchange Act of 1934. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and September 19, 2007. Zacks Premium - The way to access to the Zacks Rank. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink FORM 8-K. CURRENT REPORT. 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. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. 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 It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Why JetBlue Shares Are Up Today | The Motley Fool Jan 7, 2021. We use cookies to understand how you use our site and to improve your experience. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. It is used to help gauge a company's financial health. FREE Breaking News Alerts from StreetInsider.com! Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, How major US stock indexes fared Friday 3/3/2023, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, Chief Administrative & Information Officer, EVP. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Transocean-GlobalSantaFe Merger - Compass Lexecon Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Value Style - Learn more about the Value Style. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. All rights reserved. Transocean faces possible 'liquidity crisis' amid debt repayment A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The Price to Sales ratio or P/S is calculated as price divided by sales. Santa Fe Supraco Indonesia, PT. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. 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. 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. Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd What is a Good Dividend Yield? 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. Like most ratios, this number will vary from industry to industry. View the best growth stocks for 2023 here. Zacks Style Scores Education - Learn more about the Zacks Style Scores. A value under 20 is generally considered good. This is a medium-term price change metric. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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. -0.02 (-0.27%) The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Transocean - Latest oil and gas news | Upstream Online If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Transocean has a P/B Ratio of 0.51. 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. The Current Ratio is defined as current assets divided by current liabilities. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? Real time prices by BATS. Sign in to your free account to enjoy all that MarketBeat has to offer. TransOcean 2: Rivals - Update 1.2 available. Based upon closing prices for each. Breaking News: NE latest news. On average, they predict the company's stock price to reach $5.91 in the next year. Form 8-K Transocean Ltd. For: Feb 15 The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. With Dividends Reinvested. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. 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. 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. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. A high percentage of insider ownership can be a sign of company health. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq A higher number is better than a lower number. 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. In general, a lower number or multiple is usually considered better that a higher one. 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. Many other growth items are considered as well. Search: Csx Merger Rumors. In short, this is how much a company is worth. A 'good' number would usually fall within the range of 1.5 to 3. A P/B of 1 means it's selling at its per share book value. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This shows the percentage of profit a company earns on its sales. Should I buy or sell Transocean stock right now? These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. * indicates the important links in the menu, After-Market: 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. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Islands KY1-1003 +1 (345) 745-4505 . Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. This is a medium-term price change metric (like the 4 week price change). 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. High institutional ownership can be a signal of strong market trust in this company. 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 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. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Offshore Drilling: These Rig Companies Could Be Takeover Candidates Ventura Makes Personal Testimony. 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. 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. - The Fly. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Transocean-GlobalSantaFe Merger. Search: Transocean Merger Rumors. So be sure to compare it to its group when comparing stocks in different industries. Transocean's stock was trading at $4.56 at the start of the year. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Like the P/E ratio, a lower number is considered better. Of course, different industries will have different growth rates that are considered good. Cash flow itself is an important item on the income statement. 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% . Transocean Merger Rumors 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. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Transocean Ltd. (RIG) Stock Price Today, Quote & News The merger cleared the DOJ after Compass . The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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). Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Accordingly, the company's. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. During the same period in the previous year, the company posted ($0.19) EPS. 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. 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. 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. Compare Top Brokerages Here. 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. View our RIG earnings forecast. 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. Visit Performance Disclosure for information about the performance numbers displayed above. (844) 978-6257. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 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.