transocean merger rumors

Momentum Style - Learn more about the Momentum Style. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. This is a longer-term price change metric. 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. See rankings and related performance below. 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% . Like the P/E ratio, a lower number is considered better. 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. If you do not, click Cancel. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . There are 17 Sectors, 60 different M Industries, and 265 X Industries. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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. 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. 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. 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. All rights reserved. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The Price to Earnings ratio or P/E is price divided by earnings. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. This suggests that the stock has a possible downside of 16.5%. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. ROE values, like other values, can vary significantly from one industry to another. Based upon closing prices for each. For one, part of trading is being able to get in and out of a stock easily. This is a medium-term price change metric. Their RIG share price forecasts range from $3.30 to $10.00. It's calculated as earnings divided by price. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). We use cookies to understand how you use our site and to improve your experience. Transocean's stock is owned by a variety of retail and institutional investors. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. High institutional ownership can be a signal of strong market trust in this company. Value Style - Learn more about the Value Style. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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 is also referred to as the cash yield. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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%). Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. 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. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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. 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. 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 serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. But note, different industries have different margin rates that are considered good. 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 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). mesurer votre utilisation de nos sites et applications. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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 . So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. 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 In general, the lower the ratio is the better. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. are strong. Learn more about Zacks Equity Research reports. These contracts, worth a combined $1.24 billion, span multiple years. Transocean Ltd. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. The merger is not subject to any financing condition. The median P/B ratio for stocks in the S&P is just over 3. 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. 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. Transocean has only been the subject of 3 research reports in the past 90 days. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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. This includes personalizing content and advertising. Transocean shares have a 52-week. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Our testing substantiates this with the optimum range for price performance between 0-20. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. Transocean does not have a long track record of dividend growth. NYSE and AMEX data is at least 20 minutes delayed. (1) Per Transoceans internal rig ranking model. Volume is a useful item in many ways. On average, they anticipate the company's stock price to reach $5.91 in the next year. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. 8. It is used to help gauge a company's financial health. 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. Real-time analyst ratings, insider transactions, earnings data, and more. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. What is Transocean's stock price forecast for 2023? Pursuant to Section 13 or 15 (d) of. dvelopper et amliorer nos produits et services. The 52 week price change is a good reference point. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. 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 . Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. Please log in to your account or sign up in order to add this asset to your watchlist. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. Above 1 means it assets are greater than its liabilities. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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 . Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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 . On average, they predict the company's stock price to reach $5.91 in the next year. -- Equal representation on 14-member board, chaired by Robert E. Rose. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Sandro Thoma Transocean Ltd. . Transocean's stock was trading at $4.56 at the start of the year. Like most ratios, this number will vary from industry to industry. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. 55.16% of the stock of Transocean is held by institutions. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. For example, a regional bank would be classified in the Finance Sector. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. It is the most commonly used metric for determining a company's value relative to its earnings. So be sure to compare it to its group when comparing stocks in different industries. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. and Nauticus Robotics, Inc., a Texas corporation. 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. American Consumer News, LLC dba MarketBeat 2010-2023. So the PEG ratio tells you what you're paying for each unit of earnings growth. If you wish to go to ZacksTrade, click OK. The stock has recently been. But, it's made even more meaningful when looking at the longer-term 4 week percent change. 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. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. What other stocks do shareholders of Transocean own? The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Growth Style - Learn more about the Growth Style. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. TransOcean 2: Rivals - Update 1.2 available. Cash flow can be found on the cash flow statement. de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. The 20 day average establishes this baseline. Home; Topics. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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. The longer-term perspective helps smooth out short-term events. The cause of this is impossible to tell Transocean will pay approximately $2 . Washington, D.C. 20549. 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. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Transocean-GlobalSantaFe Merger. View the best growth stocks for 2023 here. Shares of RIG stock can be purchased through any online brokerage account. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Net Margin is defined as net income divided by sales. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. View institutional ownership trends. 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. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . contact@marketbeat.com 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. 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.. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Real time prices by BATS. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Zacks Ranks stocks can, and often do, change throughout the month. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. Sign in to your free account to enjoy all that MarketBeat has to offer. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 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. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Their RIG share price forecasts range from $3.30 to $10.00. Growth traders and investors will tend to look for growth rates of 20% or higher. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Earnings estimate revisions are the most important factor influencing stocks prices. 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.

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