Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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. ANALYSIS-Mixed view on effect of Transocean merger | Reuters DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . 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. capital one merger rumors 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. 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. 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. 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. A P/B of 1 means it's selling at its per share book value. Transocean/R&B Falcon Merger To Create Largest Offshore Driller The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. 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. 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. Cash Flow is a measurement of a company's health. 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. High institutional ownership can be a signal of strong market trust in this company. A value greater than 1, in general, is not as good (overvalued to its growth rate). A high percentage of insider ownership can be a sign of company health. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. The Zacks database contains over 10,000 stocks. Export data to Excel for your own analysis. We use cookies to understand how you use our site and to improve your experience. 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. A 'good' number would usually fall within the range of 1.5 to 3. But they all have their place in the Growth style. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. It is essentially the inverse of the P/E ratio. 8 brokerages have issued 12 month target prices for Transocean's shares. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. But, typically, an aggressive growth trader will be interested in the higher growth rates. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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 is a Good Dividend Yield? 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Many other growth items are considered as well. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. 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 . After the P/E ratio, it's one of the most common valuation metrics. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Transocean faces possible 'liquidity crisis' amid debt repayment 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. FREE Breaking News Alerts from StreetInsider.com! Value Style - Learn more about the Value Style. On average, they anticipate the company's stock price to reach $5.91 in the next year. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Shares of RIG stock can be purchased through any online brokerage account. A P/B of 2 means it's selling at 2 times its book value. 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. 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. Transocean-GlobalSantaFe Merger. * indicates the important links in the menu, After-Market: 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. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. TransOcean 2: Rivals - Update 1.2 available. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. 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 Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Grand Cayman, Cayman. 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. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. And margin rates can vary significantly across these different groups. A ratio of 2 means its assets are twice that of its liabilities. 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. The company employs 5,530 workers across the globe. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. 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. Close Menu. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Search: Transocean Merger Rumors. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. This item is updated at 9 pm EST each day. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . . Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Main Menu; Markets. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its This suggests that the stock has a possible downside of 16.5%. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. A higher number is better than a lower number. This longer-term historical perspective lets the user see how a company has grown over time. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 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. 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. Pursuant to Section 13 or 15 (d) of. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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 . 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 monthly returns are then compounded to arrive at the annual return. How were Transocean's earnings last quarter? 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. On Monday, two U.S. discount airlines announced plans to merge. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. Learn more about Zacks Equity Research reports. 12.29% of the stock of Transocean is held by insiders. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. It measures a company's ability to pay short-term obligations. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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 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. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Transocean Ltd. Announces Agreement to Acquire Ocean Rig A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. The longer-term perspective helps smooth out short-term events. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . In-depth profiles and analysis for 20,000 public companies. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. 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. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Earnings estimate revisions are the most important factor influencing stocks prices. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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. 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Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. In many ways, the market's action of repricing the offshore . Net Margin is defined as net income divided by sales. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Transocean does not currently pay a dividend. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. 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. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal Minnesota Steps Closer To Legalizing Cannabis: Former Gov. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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.. Search: Csx Merger Rumors. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. are strong. Growth of $10,000.00. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 55.16% of the stock of Transocean is held by institutions. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". ROE is always expressed as a percentage. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. This shows the percentage of profit a company earns on its sales. These returns cover a period from January 1, 1988 through January 2, 2023. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. The analyst urged Transocean to use the current market crisis to address these issues with its customers. 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. Zacks Ranks stocks can, and often do, change throughout the month. Projected EPS Growth looks at the estimated growth rate for one year. And, of course, the 4 week change helps put the 1 week change into context. Transocean, GlobalSantaFe in merger deal - ibtimes.com Our testing substantiates this with the optimum range for price performance between 0-20. This measure is expressed as a percentage. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Volume is a useful item in many ways. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. End date: 01/13 . 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. These contracts, worth a combined $1.24 billion, span multiple years. Offshore Drilling: These Rig Companies Could Be Takeover Candidates Cash Flow is net income plus depreciation and other non-cash charges. Seeing a stock's EPS change over 1 week is important. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. There are currently 4 hold ratings and 4 buy ratings for the stock. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 2018_09_04_rig_8-k - Sec 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. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. This is a longer-term price change metric. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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 . RIG - 24/7 Wall St. September 19, 2007. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Santa Fe Supraco Indonesia, PT. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. FORM 8-K. CURRENT REPORT. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? During the same period in the previous year, the company posted ($0.19) EPS. Transocean : SpareBank 1 Markets 2023 Energy Conference 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Transocean Ltd. Reports First Quarter 2021 Results Identify stocks that meet your criteria using seven unique stock screeners. 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.