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Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Cash flow can be found on the cash flow statement. International Mexico S. de R.L. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. It is the most commonly used metric for determining a company's value relative to its earnings. After the P/E ratio, it's one of the most common valuation metrics. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Transocean does not have a long track record of dividend growth. Washington, D.C. 20549. NASDAQ data is at least 15 minutes delayed. 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. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The Zacks database contains over 10,000 stocks. With Dividends Reinvested. The company's mobile offshore drilling. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. In general, the lower the ratio is the better. 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. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. Volume is a useful item in many ways. But, typically, an aggressive growth trader will be interested in the higher growth rates. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The cause of this is impossible to tell Transocean will pay approximately $2 . Should I buy or sell Transocean stock right now? Breaking News: NE latest news. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. The median P/B ratio for stocks in the S&P is just over 3. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. Zacks Style Scores Education - Learn more about the Zacks Style Scores. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. View the best growth stocks for 2023 here. 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 . There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The consensus among Wall Street analysts is that investors should "buy" RIG shares. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. TransOcean 2: Rivals - Update 1.2 available. 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. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? House, 4th Floor. This is also commonly referred to as the Asset Utilization ratio. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. All of those stocks are classified into three groups: Sector, M Industry and X Industry. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. A 'good' number would usually fall within the range of 1.5 to 3. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. It's also commonly referred to as a 'liquidity ratio'. View which stocks are hot on social media with MarketBeat's trending stocks report. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. 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 longer-term perspective helps smooth out short-term events. 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 . Once again, cash flow is net income plus depreciation and other non-cash charges. Our testing substantiates this with the optimum range for price performance between 0-20. If you wish to go to ZacksTrade, click OK. That means these items are added back into the net income to produce this earnings number. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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 the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. The Momentum Score takes all of this and more into account. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Search: Transocean Merger Rumors. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. The 52 week price change is a good reference point. And, of course, the 4 week change helps put the 1 week change into context. Transocean shares have a 52-week. Delayed quotes by FIS. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. On average, they predict the company's stock price to reach $5.91 in the next year. 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. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. And margin rates can vary significantly across these different groups. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Home; Topics. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 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. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Learn more about Zacks Equity Research reports. The Price to Earnings ratio or P/E is price divided by earnings. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. the Securities Exchange Act of 1934. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. End date: 01/13 . It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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). Transocean Ltd. Growth Style - Learn more about the Growth Style. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. In this case, it's the cash flow growth that's being looked at. For example, a regional bank would be classified in the Finance Sector. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. 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). It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. 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. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. 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. 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. Of course, different industries will have different growth rates that are considered good. This longer-term historical perspective lets the user see how a company has grown over time. 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 RIG News Today | Why did Transocean stock go up today? Our daily ratings and market update email newsletter. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. This measure is expressed as a percentage. A value greater than 1, in general, is not as good (overvalued to its growth rate). The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 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 . As the name suggests, it's calculated as sales divided by assets. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R.