The respective items are ranked and graded into five groups: A, B, C, D and F. 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 stocks with the highest probability of success. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. NASDAQ data is at least 15 minutes delayed. Many other growth items are considered as well. 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. It's used by investors as a measure of financial health. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! -- Equal representation on 14-member board, chaired by Robert E. Rose. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Please log in to your account or sign up in order to add this asset to your watchlist. 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. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The two drillers in September entered into a definitive merger agreement under which Transocean was to acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig's net debt, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Transocean shares have a 52-week. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. After the P/E ratio, it's one of the most common valuation metrics. Transocean Ltd. (RIG) Stock Price Today, Quote & News This item is updated at 9 pm EST each day. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The company's press release can be found here. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) A value greater than 1, in general, is not as good (overvalued to its growth rate). Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. As the name suggests, it's calculated as sales divided by assets. 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 High institutional ownership can be a signal of strong market trust in this company. This includes personalizing content and advertising. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Luigs and the midwater floater Songa Delta. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. 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. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. 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. September 19, 2007. The analyzed items go beyond simple trend analysis. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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 1 week price change reflects the collective buying and selling sentiment over the short-term. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Our daily ratings and market update email newsletter. 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. Transocean has received a consensus rating of Buy. It is essentially the inverse of the P/E ratio. That means these items are added back into the net income to produce this earnings number. Value Style - Learn more about the Value Style. Search: Transocean Merger Rumors. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. 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. Start date: 01/17/2013. That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and 55.16% of the stock of Transocean is held by institutions. View our RIG earnings forecast. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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. (1) Per Transoceans internal rig ranking model. 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. 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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%). Why JetBlue Shares Are Up Today | The Motley Fool Their RIG share price forecasts range from $3.30 to $10.00. This suggests that the stock has a possible downside of 16.5%. The PEG ratio is the P/E ratio divided by its growth rate. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. 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.. Transocean bonds surge as driller says it has cured default allegations The 52 week price change is a good reference point. TransOcean 2: Rivals - Update 1.2 available. Like most ratios, this number will vary from industry to industry. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. The Daily Price Change displays the day's percentage price change using the most recently completed close. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with Visit www.zacksdata.com to get our data and content for your mobile app or website. On average, they predict the company's stock price to reach $5.91 in the next year. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean Ltd. 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. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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 simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Transocean/R&B Falcon Merger To Create Largest Offshore Driller Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Export data to Excel for your own analysis. 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. 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. 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. Transocean-GlobalSantaFe Merger. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) Breaking News: NE latest news. - The Fly The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 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. 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 . 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. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. 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. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Home; Topics. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Accordingly, the company's. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. Visit Performance Disclosure for information about the performance numbers displayed above. One share of RIG stock can currently be purchased for approximately $7.51. Delayed quotes by FIS. World's Biggest Offshore Drilling Companies | Zeymarine Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The cause of this is impossible to tell Transocean will pay approximately $2 . Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Search: Transocean Merger Rumors. 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). For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. FORM 8-K. CURRENT REPORT. ROE is always expressed as a percentage. 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. Learn more about Zacks Equity Research reports. ANALYSIS-Mixed view on effect of Transocean merger | Reuters 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean's stock was trading at $4.56 at the start of the year. It is used to help gauge a company's financial health. Transocean Stock Split History The official website for the company is www.deepwater.com. 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. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink Transocean was founded in 1926 and is based in Steinhausen, Switzerland. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. This suggests that the stock has a possible downside of 21.3%. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 8 brokerages have issued 12 month target prices for Transocean's shares. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? The monthly returns are then compounded to arrive at the annual return. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Breaking News: NE latest news. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Earnings estimate revisions are the most important factor influencing stocks prices. 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. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. $7.49 Within each 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 stocks with the highest probability of success. Date of report (date of earliest event reported): February 15, 2023 . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. 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. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. All rights reserved. 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 Zacks database contains over 10,000 stocks. 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.