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NYSE and AMEX data is at least 20 minutes delayed. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. 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. 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 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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. 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. To learn more, click here. 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. 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. (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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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 . Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Transocean's stock is owned by a variety of retail and institutional investors. (844) 978-6257. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Grand Cayman, Cayman. It's used by investors as a measure of financial health. 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. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Transocean Ltd. contact@marketbeat.com N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. And, of course, the 4 week change helps put the 1 week change into context. 8. 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. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The Zacks database contains over 10,000 stocks. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Accordingly, the company's. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. 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 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 . 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. Cash Flow is a measurement of a company's health. Start date: 01/17/2013. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Dear Community, the latest update for TransOcean 2: Rivals just set sail today! This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. It's also commonly referred to as a 'liquidity ratio'. Based upon closing prices for each. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. below): Written communications pursuant to Rule 425 under . 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Cash flow itself is an important item on the income statement. View the best growth stocks for 2023 here. Main Menu; Markets. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. The scores are based on the trading styles of Value, Growth, and Momentum. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 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. Search: Transocean Merger Rumors. 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. In short, this is how much a company is worth. The median P/B ratio for stocks in the S&P is just over 3. 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. Transocean shares have a 52-week. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. This is also referred to as the cash yield. As the name suggests, it's calculated as sales divided by assets. Transocean does not currently pay a dividend. The new company, which will operate under the Transocean name, will combine the largest. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. The Current Ratio is defined as current assets divided by current liabilities. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. 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). 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Our daily ratings and market update email newsletter. Their RIG share price forecasts range from $3.30 to $10.00. 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. 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. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. -- Equal representation on 14-member board, chaired by Robert E. Rose. ROE values, like other values, can vary significantly from one industry to another. Identify stocks that meet your criteria using seven unique stock screeners. 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 Real-time analyst ratings, insider transactions, earnings data, and more. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. The merger cleared the DOJ after Compass . Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. In many ways, the market's action of repricing the offshore . Should I buy or sell Transocean stock right now? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. This suggests that the stock has a possible downside of 16.5%. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Search: Transocean Merger Rumors. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. September 19, 2007. It's calculated as earnings divided by price. These contracts, worth a combined $1.24 billion, span multiple years. 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. In-depth profiles and analysis for 20,000 public companies. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar.
