The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. Like earnings, a higher growth rate is better than a lower growth rate. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. It's also commonly referred to as a 'liquidity ratio'. 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 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). It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. This suggests that the stock has a possible downside of 16.5%. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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. . Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. Search: Csx Merger Rumors. One share of RIG stock can currently be purchased for approximately $7.51. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. That does not mean that all companies with large growth rates will have a favorable Growth Score. NASDAQ data is at least 15 minutes delayed. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. In this case, it's the cash flow growth that's being looked at. 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. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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 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. On average, they anticipate the company's stock price to reach $5.91 in the next year. The company's press release can be found here. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. As they say, 'price follows volume'. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. And, of course, the 4 week change helps put the 1 week change into context. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Cash flow itself is an important item on the income statement. 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. dvelopper et amliorer nos produits et services. The company was founded in 1926 and is based in Steinhausen,. 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. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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 . Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. View which stocks are hot on social media with MarketBeat's trending stocks report. Like most ratios, this number will vary from industry to industry. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. 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. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. And margin rates can vary significantly across these different groups. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. September 19, 2007. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. A value greater than 1, in general, is not as good (overvalued to its growth rate). Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The stock has recently been. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Transocean - Latest oil and gas news | Upstream Online Search: Transocean Merger Rumors. It is used to help gauge a company's financial health. Rumors - Latest News and breaking headlines - Benzinga Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Transocean Completes Merger With GlobalSantaFe | Hart Energy FREE Breaking News Alerts from StreetInsider.com! Transocean, Globalsantafe To Merge - MarineLink Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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. 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. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. This measure is expressed as a percentage. It is essentially the inverse of the P/E ratio. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. But note, different industries have different margin rates that are considered good. Growth Style - Learn more about the Growth Style. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. 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. 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. The cause of this is impossible to tell Transocean will pay approximately $2 . So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. 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. 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. In-depth profiles and analysis for 20,000 public companies. 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. 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. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. 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. Breaking News: NE latest news. The transaction has been unanimously approved by the board of directors of each company. Within each 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 stocks with the highest probability of success. This includes personalizing content and advertising. Transocean shares have a 52-week. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it It is the most commonly used metric for determining a company's value relative to its earnings. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The respective items are ranked and graded into five groups: A, B, C, D and F. 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 stocks with the highest probability of success. Transocean wraps up $2.7B Ocean Rig acquisition 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. 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. The monthly returns are then compounded to arrive at the annual return. 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 Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. 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 consensus among Wall Street analysts is that investors should "buy" RIG shares. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The new company, which will operate under the Transocean name, will combine the largest. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. With Dividends Reinvested. For one, part of trading is being able to get in and out of a stock easily. 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. 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 Offshore Drilling: These Rig Companies Could Be Takeover Candidates While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more. It's packed with all of the company's key stats and salient decision making information. 55.16% of the stock of Transocean is held by institutions. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. capital one merger rumors It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Search: Transocean Merger Rumors. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Transocean, GlobalSantaFe in merger deal - ibtimes.com Our testing substantiates this with the optimum range for price performance between 0-20. Zacks Rank Education -- Learn more about the Zacks Rank This is also referred to as the cash yield. Ventura Makes Personal Testimony. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Real-time analyst ratings, insider transactions, earnings data, and more. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. The analyst urged Transocean to use the current market crisis to address these issues with its customers. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) It's calculated as earnings divided by price. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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 . What other stocks do shareholders of Transocean own? The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes.