8. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. On average, they anticipate the company's stock price to reach $5.91 in the next year. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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 . 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 company employs 5,530 workers across the globe. High institutional ownership can be a signal of strong market trust in this company. Value Style - Learn more about the Value Style. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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). But when compared to its growth rate, it does't have the earnings growth to justify its P/E. 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 . BP - Royal Dutch Shell Plc .com It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. Start date: 01/17/2013. * indicates the important links in the menu, After-Market: Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Many other growth items are considered as well. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Our testing substantiates this with the optimum range for price performance between 0-20. This suggests that the stock has a possible downside of 21.3%. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Transocean Merger Sparks Consolidation Talk for Other Drillers 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 . One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. 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. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. ANALYSIS-Mixed view on effect of Transocean merger | Reuters It's packed with all of the company's key stats and salient decision making information. 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. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Cash flow can be found on the cash flow statement. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The Price to Earnings ratio or P/E is price divided by earnings. Islands KY1-1003 +1 (345) 745-4505 . 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. 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. It's used by investors as a measure of financial health. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Their RIG share price forecasts range from $3.30 to $10.00. A ratio of 1 means a company's assets are equal to its liabilities. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Grand Cayman, Cayman. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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. Net Margin is defined as net income divided by sales. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. mesurer votre utilisation de nos sites et applications. In many ways, the market's action of repricing the offshore . The consensus among Wall Street analysts is that investors should "buy" RIG shares. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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% . Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. 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 $70 million; The transaction has been unanimously approved by the board of directors of each company; and The Momentum Score takes all of this and more into account. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Delayed quotes by FIS. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The income number is listed on a company's Income Statement. 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. On Monday, two U.S. discount airlines announced plans to merge. Pursuant to Section 13 or 15 (d) of. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 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. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. 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. 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. Noble-Maersk merger to create world's third-largest - Offshore P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Transocean Partners - Products, Competitors, Financials, Employees Accordingly, the company's. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? 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 firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 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. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. 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. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. Transocean, GlobalSantaFe in merger deal - ibtimes.com Jan 7, 2021. But note, different industries have different margin rates that are considered good. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd The monthly returns are then compounded to arrive at the annual return. The analyst urged Transocean to use the current market crisis to address these issues with its customers. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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 Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance The merger is not subject to any financing condition. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. This allows the investor to be as broad or as specific as they want to be when selecting stocks. 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 Shares of RIG stock can be purchased through any online brokerage account. www.sec.gov World's Biggest Offshore Drilling Companies | Zeymarine What other stocks do shareholders of Transocean own? Their RIG share price forecasts range from $3.30 to $10.00. Enterprise Value (EV) is Market Capitalization + Debt - Cash. -- Equal representation on 14-member board, chaired by Robert E. Rose. Transocean faces possible 'liquidity crisis' amid debt repayment 12.29% of the stock of Transocean is held by insiders. 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. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. That means these items are added back into the net income to produce this earnings number. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Transocean Ltd. Announces Agreement to Acquire Ocean Rig As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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. Please log in to your account or sign up in order to add this asset to your watchlist. A D/E ratio of 1 means its debt is equivalent to its common equity. During the same period in the previous year, the company posted ($0.19) EPS. A ratio of 2 means its assets are twice that of its liabilities. In short, this is how much a company is worth. The company's mobile offshore drilling. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. After the P/E ratio, it's one of the most common valuation metrics. Transocean (RIG) is a Great Momentum Stock: Should You Buy? For example, a regional bank would be classified in the Finance Sector. 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. Transocean bonds surge as driller says it has cured default allegations Transocean's stock is owned by a variety of retail and institutional investors. RIG News Today | Why did Transocean stock go up today? The Price to Sales ratio or P/S is calculated as price divided by sales. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 8 brokerages have issued 12 month target prices for Transocean's shares. Search: Transocean Merger Rumors. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. But they all have their place in the Growth style. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. 8 equities research analysts have issued 1 year target prices for Transocean's shares. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. 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. Based upon closing prices for each. And margin rates can vary significantly across these different groups. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger It measures a company's ability to pay short-term obligations. In general, the lower the ratio is the better. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? Get short term trading ideas from the MarketBeat Idea Engine. Main Menu; Markets. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. are strong. RIG - 24/7 Wall St. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean Ltd. (RIG) Stock Price Today, Quote & News 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. Transocean/R&B Falcon Merger To Create Largest Offshore Driller Earnings estimate revisions are the most important factor influencing stocks prices. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. 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. Date of report (date of earliest event reported): February 15, 2023 . 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. Close Menu. What is Transocean's stock price forecast for 2023? 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). Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Breaking News: NE latest news. - The Fly The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The 52 week price change is a good reference point. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? What is a Good Dividend Yield? Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Like the P/E ratio, a lower number is considered better. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. The longer-term perspective helps smooth out short-term events. 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. 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,. Search: Csx Merger Rumors. 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. End date: 01/13 . Volume is a useful item in many ways. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. FREE Breaking News Alerts from StreetInsider.com! The company was founded in 1926 and is based in Steinhausen,. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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. A high percentage of insider ownership can be a sign of company health. If you wish to go to ZacksTrade, click OK. This is also referred to as the cash yield. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. 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). Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself.