transocean merger rumors

Transocean's stock is owned by a variety of retail and institutional investors. A higher number means the more debt a company has compared to its capital structure. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). The Current Ratio is defined as current assets divided by current liabilities. Our testing substantiates this with the optimum range for price performance between 0-20. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. All of those stocks are classified into three groups: Sector, M Industry and X Industry. $7.49 Transocean (RIG) Announces $488 Million Addition to Backlog. The merger is not subject to any financing condition. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Close Menu. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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. Start date: 01/17/2013. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. 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. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. ROE values, like other values, can vary significantly from one industry to another. Search: Transocean Merger Rumors. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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 Visit www.zacksdata.com to get our data and content for your mobile app or website. Like the P/E ratio, a lower number is considered better. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. These contracts, worth a combined $1.24 billion, span multiple years. 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 Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The analyst urged Transocean to use the current market crisis to address these issues with its customers. Sandro Thoma Transocean Ltd. . This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Search: Transocean Merger Rumors. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. The company employs 5,530 workers across the globe. This longer-term historical perspective lets the user see how a company has grown over time. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. 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% . 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%). Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. The new company, which will operate under the Transocean name, will combine the largest. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. below): Written communications pursuant to Rule 425 under . It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. mesurer votre utilisation de nos sites et applications. It's packed with all of the company's key stats and salient decision making information. Like earnings, a higher growth rate is better than a lower growth rate. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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 . Of course, different industries will have different growth rates that are considered good. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. View institutional ownership trends. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. 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. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. This suggests that the stock has a possible downside of 16.5%. 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. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. It's then divided by the number of shares outstanding to determine how much cash is generated per share. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. 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 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. The income number is listed on a company's Income Statement. The Zacks database contains over 10,000 stocks. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. A ratio of 2 means its assets are twice that of its liabilities. 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. Projected EPS Growth looks at the estimated growth rate for one year. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. But, typically, an aggressive growth trader will be interested in the higher growth rates. The company's mobile offshore drilling. Real-time analyst ratings, insider transactions, earnings data, and more. 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 . A value under 20 is generally considered good. The scores are based on the trading styles of Value, Growth, and Momentum. The 52 week price change is a good reference point. Washington, D.C. 20549. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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 . 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. 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. 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. NYSE and AMEX data is at least 20 minutes delayed. 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. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. On average, they predict the company's stock price to reach $5.91 in the next year. 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 Cash flow itself is an important item on the income statement. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Zacks Ranks stocks can, and often do, change throughout the month. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. In-depth profiles and analysis for 20,000 public companies. Transocean has received a consensus rating of Buy. FORM 8-K. CURRENT REPORT. The 1 week price change reflects the collective buying and selling sentiment over the short-term. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Many other growth items are considered as well. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Cash Flow is net income plus depreciation and other non-cash charges. -0.02 (-0.27%) Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. What is a Good Dividend Yield? If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The median P/B ratio for stocks in the S&P is just over 3. It's used by investors as a measure of financial health. contact@marketbeat.com 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. 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.. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. 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. That means these items are added back into the net income to produce this earnings number. Transocean has only been the subject of 3 research reports in the past 90 days. Grand Cayman, Cayman. The company's press release can be found here. 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. The official website for the company is www.deepwater.com. 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. And margin rates can vary significantly across these different groups. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Search: Transocean Merger Rumors. View which stocks are hot on social media with MarketBeat's trending stocks report. 12.29% of the stock of Transocean is held by insiders. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. The monthly returns are then compounded to arrive at the annual return. Growth traders and investors will tend to look for growth rates of 20% or higher. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates. 326 E 8th St #105, Sioux Falls, SD 57103 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.

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