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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. 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. 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. In general, the lower the ratio is the better. 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. $7.49 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. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. capital one merger rumors The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Based upon closing prices for each. What Predicts That A Company Merger Rumor Will Come True? - Forbes The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. As the name suggests, it's calculated as sales divided by assets. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. In-depth profiles and analysis for 20,000 public companies. 55.16% of the stock of Transocean is held by institutions. 8 brokerages have issued 12 month target prices for Transocean's shares. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. 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. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. It's calculated as earnings divided by price. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Sandro Thoma Transocean Ltd. . Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week 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. This is a medium-term price change metric (like the 4 week price change). View which stocks are hot on social media with MarketBeat's trending stocks report. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Transocean-GlobalSantaFe Merger - Compass Lexecon Transocean Mergers and Acquisitions Summary | Mergr 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. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. Projected EPS Growth looks at the estimated growth rate for one year. The cause of this is impossible to tell Transocean will pay approximately $2 . But, typically, an aggressive growth trader will be interested in the higher growth rates. 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. Main Menu; Markets. Search: Csx Merger Rumors. ROE is always expressed as a percentage. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. 7:58 PM ET. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 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. RIG - 24/7 Wall St. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. This shows the percentage of profit a company earns on its sales. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! Rumors - Latest News and breaking headlines - Benzinga It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. These contracts, worth a combined $1.24 billion, span multiple years. Transocean Stock Split History 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. 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. Transocean Merger Rumors - zgy.protesidentali.novara.it Grand Cayman, Cayman. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. But they all have their place in the Growth style. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Like the P/E ratio, a lower number is considered better. To see all exchange delays and terms of use please see Barchart's disclaimer. A 'good' number would usually fall within the range of 1.5 to 3. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . And margin rates can vary significantly across these different groups. 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. A D/E ratio of 1 means its debt is equivalent to its common equity. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. The analyzed items go beyond simple trend analysis. 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. Accordingly, the company's. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Get short term trading ideas from the MarketBeat Idea Engine. Transocean Partners - Products, Competitors, Financials, Employees 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. To learn more, click here. Search: Transocean Merger Rumors. Real-time analyst ratings, insider transactions, earnings data, and more. This item is updated at 9 pm EST each day. Volume is a useful item in many ways. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Transocean (RIG) Announces $488 Million Addition to Backlog. The longer-term perspective helps smooth out short-term events. 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). (844) 978-6257. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Real time prices by BATS. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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. House, 4th Floor. The merger cleared the DOJ after Compass . These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. On Monday, two U.S. discount airlines announced plans to merge. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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 (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. 326 E 8th St #105, Sioux Falls, SD 57103 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 Ltd. Announces Agreement to Acquire Ocean Rig 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. The Zacks database contains over 10,000 stocks. A value greater than 1, in general, is not as good (overvalued to its growth rate). Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.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. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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. 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. In this case, it's the cash flow growth that's being looked at. Why JetBlue Shares Are Up Today | The Motley Fool 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. On average, they predict the company's stock price to reach $5.91 in the next year. 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Islands KY1-1003 +1 (345) 745-4505 . Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. 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 . Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Noble-Maersk merger to create world's third-largest - Offshore 12.29% of the stock of Transocean is held by insiders. Zscaler, Inc Plummets, Is It Time To Buy The Dip? EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. and Nauticus Robotics, Inc., a Texas corporation. Transocean Ltd. The PEG ratio is the P/E ratio divided by its growth rate. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. TransOcean 2: Rivals - Update 1.2 available. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Earnings estimate revisions are the most important factor influencing stocks prices. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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 Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. For one, part of trading is being able to get in and out of a stock easily. 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. Zacks Premium - The way to access to the Zacks Rank. Transocean - Latest oil and gas news | Upstream Online In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). They read the articles and then traced the articles back to the article that . Transocean has a P/B Ratio of 0.51. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Cash flow can be found on the cash flow statement. In many ways, the market's action of repricing the offshore . 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. 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. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. 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. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? During the same period in the previous year, the company posted ($0.19) EPS. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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). 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 consensus among Wall Street analysts is that investors should "buy" RIG shares. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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). Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. Search: Csx Merger Rumors. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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). Transocean/R&B Falcon Merger To Create Largest Offshore Driller It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.
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