A high percentage of insider ownership can be a sign of company health. Search: Transocean Merger Rumors. Volume is a useful item in many ways. Transocean Merger Rumors Transocean, Globalsantafe To Merge - MarineLink Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. It is essentially the inverse of the P/E ratio. Export data to Excel for your own analysis. A P/B of 2 means it's selling at 2 times its book value. 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,. This is also commonly referred to as the Asset Utilization ratio. For one, part of trading is being able to get in and out of a stock easily. So be sure to compare it to its group when comparing stocks in different industries. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Visit Performance Disclosure for information about the performance numbers displayed above. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. As they say, 'price follows volume'. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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. The company's press release can be found here. the Securities Exchange Act of 1934. Transocean has only been the subject of 3 research reports in the past 90 days. 8 equities research analysts have issued 1 year target prices for Transocean's shares. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. The cause of this is impossible to tell Transocean will pay approximately $2 . So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. High institutional ownership can be a signal of strong market trust in this company. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Transocean Merger Sparks Consolidation Talk for Other Drillers Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Date of report (date of earliest event reported): February 15, 2023 . below): Written communications pursuant to Rule 425 under . Accordingly, the company's. What other stocks do shareholders of Transocean own? The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. and Nauticus Robotics, Inc., a Texas corporation. The 20 day average establishes this baseline. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. They read the articles and then traced the articles back to the article that . . If you wish to go to ZacksTrade, click OK. Transocean-GlobalSantaFe Merger. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Transocean does not currently pay a dividend. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Search: Transocean Merger Rumors. 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. In this case, it's the cash flow growth that's being looked at. Transocean - RIG Stock Forecast, Price & News - MarketBeat By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Based upon closing prices for each. 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. 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. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . 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. Their RIG share price forecasts range from $3.30 to $10.00. Net Margin is defined as net income divided by sales. American Consumer News, LLC dba MarketBeat 2010-2023. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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 . Luigs and the midwater floater Songa Delta. Transocean Ltd. (RIG) Stock Price Today, Quote & News Transocean/R&B Falcon Merger To Create Largest Offshore Driller The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. Breaking News: NE latest news. - The Fly See what's happening in the market right now with MarketBeat's real-time news feed. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd View which stocks are hot on social media with MarketBeat's trending stocks report. 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. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Momentum Style - Learn more about the Momentum Style. -- Equal representation on 14-member board, chaired by Robert E. Rose. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. One share of RIG stock can currently be purchased for approximately $7.51. 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. 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. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. But they all have their place in the Growth style. 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. 326 E 8th St #105, Sioux Falls, SD 57103 This suggests that the stock has a possible downside of 16.5%. 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. NASDAQ data is at least 15 minutes delayed. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. During the same period in the previous year, the company posted ($0.19) EPS. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Transocean denies R&B merger speculation | TradeWinds Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. This measure is expressed as a percentage. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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. (844) 978-6257. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Zacks Style Scores Education - Learn more about the Zacks Style Scores. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. As the name suggests, it's calculated as sales divided by assets. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . In short, this is how much a company is worth. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. The median P/B ratio for stocks in the S&P is just over 3. The monthly returns are then compounded to arrive at the annual return. Both floaters are currently stacked. This is a longer-term price change metric. What Predicts That A Company Merger Rumor Will Come True? - Forbes View the best growth stocks for 2023 here. Zacks Rank Education -- Learn more about the Zacks Rank 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 It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. mesurer votre utilisation de nos sites et applications. 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. 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. What is a Good Dividend Yield? How were Transocean's earnings last quarter? Transocean Partners - Products, Competitors, Financials, Employees Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. The Current Ratio is defined as current assets divided by current liabilities. 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. Cash flow itself is an important item on the income statement. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Their RIG share price forecasts range from $3.30 to $10.00. 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). It's packed with all of the company's key stats and salient decision making information. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. This includes personalizing content and advertising. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Rumors - Latest News and breaking headlines - Benzinga Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. 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%). To see all exchange delays and terms of use please see Barchart's disclaimer. 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. 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 Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Islands KY1-1003 +1 (345) 745-4505 . Cash Flow is a measurement of a company's health. Transocean (RIG) Announces $488 Million Addition to Backlog. The PEG ratio is the P/E ratio divided by its growth rate. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. We use cookies to understand how you use our site and to improve your experience. 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. In general, the lower the ratio is the better.