Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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. Growth of $10,000.00. Search: Transocean Merger Rumors. Pursuant to Section 13 or 15 (d) of. 55.16% of the stock of Transocean is held by institutions. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. They read the articles and then traced the articles back to the article that . 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. 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. If a company's expenses are growing faster than their sales, this will reduce their margins. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. If you wish to go to ZacksTrade, click OK. The stock has recently been. 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. 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. and Nauticus Robotics, Inc., a Texas corporation. Transocean's stock is owned by a variety of retail and institutional investors. These contracts, worth a combined $1.24 billion, span multiple years. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. * indicates the important links in the menu, After-Market: 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. Main Menu; Markets. - The Fly. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The Zacks database contains over 10,000 stocks. The monthly returns are then compounded to arrive at the annual return. A P/B of 2 means it's selling at 2 times its book value. Luigs and the midwater floater Songa Delta. The income number is listed on a company's Income Statement. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. View RIG analyst ratings or view top-rated stocks. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. 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 . 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. Get short term trading ideas from the MarketBeat Idea Engine. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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. Transocean-GlobalSantaFe Merger. Transocean has a P/B Ratio of 0.51. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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.. The merger is not subject to any financing condition. In general, the lower the ratio is the better. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. There are currently 4 hold ratings and 4 buy ratings for the stock. [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 . During the same period in the previous year, the company posted ($0.19) EPS. 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 . Transocean Ltd. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 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. 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. It is the most commonly used metric for determining a company's value relative to its earnings. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. 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. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. -- Equal representation on 14-member board, chaired by Robert E. Rose. Search: Transocean Merger Rumors. 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Washington, D.C. 20549. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Cash flow itself is an important item on the income statement. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. In this case, it's the cash flow growth that's being looked at. Zacks Rank Education -- Learn more about the Zacks Rank This is a medium-term price change metric (like the 4 week price change). Many investors prefer EV to just Market Cap as a better way to determine the value of a company. End date: 01/13 . Volume is a useful item in many ways. Santa Fe Supraco Indonesia, PT. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 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. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . 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. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Once again, cash flow is net income plus depreciation and other non-cash charges. Jan 7, 2021. Search: Transocean Merger Rumors. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. We use cookies to understand how you use our site and to improve your experience. Visit www.zacksdata.com to get our data and content for your mobile app or website. A high percentage of insider ownership can be a sign of company health. But they all have their place in the Growth style. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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. Accordingly, the company's. 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 cash can't be manipulated like earnings can, it's a preferred metric for analysts. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? contact@marketbeat.com 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). One share of RIG stock can currently be purchased for approximately $7.51. 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 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. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. In many ways, the market's action of repricing the offshore . For one, part of trading is being able to get in and out of a stock easily. But note, different industries have different margin rates that are considered good. Grand Cayman, Cayman. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. A higher number is better than a lower number. RIG News Today | Why did Transocean stock go up today? A P/B of 1 means it's selling at its per share book value.