NASDAQ data is at least 15 minutes delayed. Shares of RIG stock can be purchased through any online brokerage account. With Dividends Reinvested. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 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 Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. View which stocks are hot on social media with MarketBeat's trending stocks report. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq Search: Csx Merger Rumors. Why JetBlue Shares Are Up Today | The Motley Fool It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). Jeremy D. Thigpen has an approval rating of 60% among the company's employees. 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. Cash flow can be found on the cash flow statement. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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. 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. 12.29% of the stock of Transocean is held by insiders. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Transocean has only been the subject of 3 research reports in the past 90 days. For one, part of trading is being able to get in and out of a stock easily. 8. That means these items are added back into the net income to produce this earnings number. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Transocean Stock Split History Visit Performance Disclosure for information about the performance numbers displayed above. The 52 week price change is a good reference point. 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. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Transocean does not have a long track record of dividend growth. Volume is a useful item in many ways. Their RIG share price forecasts range from $3.30 to $10.00. 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. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. 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. 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 . Cash Flow is net income plus depreciation and other non-cash charges. We use cookies to understand how you use our site and to improve your experience. ROE values, like other values, can vary significantly from one industry to another. These contracts, worth a combined $1.24 billion, span multiple years. 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 Breaking News: NE latest news. - The Fly Transocean Inc. 36C Dr. Roy's Drive, Bermuda. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra The Current Ratio is defined as current assets divided by current liabilities. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. In general, a lower number or multiple is usually considered better that a higher one. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch The longer-term perspective helps smooth out short-term events. On average, they predict the company's stock price to reach $5.91 in the next year. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. This is also commonly referred to as the Asset Utilization ratio. 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. For example, a regional bank would be classified in the Finance Sector. Transocean Merger Rumors 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. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. 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 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. Transocean Completes Merger With GlobalSantaFe | Hart Energy The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Our daily ratings and market update email newsletter. 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. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. Search: Transocean Merger Rumors. The company's mobile offshore drilling. 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. 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. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. 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 Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. The merger cleared the DOJ after Compass . Transocean Inc. and GlobalSantaFe Corporation Agree to Combine The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Both floaters are currently stacked. In many ways, the market's action of repricing the offshore . Growth of $10,000.00. Based upon closing prices for each. A D/E ratio of 1 means its debt is equivalent to its common equity. 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. What is Transocean's stock price forecast for 2023? In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Learn more about Zacks Equity Research reports. 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. Once again, cash flow is net income plus depreciation and other non-cash charges. In this case, it's the cash flow growth that's being looked at. 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Transocean's stock is owned by a variety of retail and institutional investors. 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 Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. 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. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. -- Equal representation on 14-member board, chaired by Robert E. Rose. Transocean has a P/B Ratio of 0.51. TransOcean - Official Website The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Transocean faces possible 'liquidity crisis' amid debt repayment 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 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. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. 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. Many other growth items are considered as well. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. The 20 day average establishes this baseline. Transocean (RIG) Announces $488 Million Addition to Backlog. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. What other stocks do shareholders of Transocean own? Close Menu. 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. 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. Home; Topics. A P/B of 1 means it's selling at its per share book value. The Momentum Score takes all of this and more into account. 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. Pursuant to Section 13 or 15 (d) of. 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 In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Value Style - Learn more about the Value Style. This is a medium-term price change metric (like the 4 week price change). Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. $7.49 Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd This suggests that the stock has a possible downside of 16.5%. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Form 8-K Transocean Ltd. For: Feb 15 Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink This longer-term historical perspective lets the user see how a company has grown over time. International Mexico S. de R.L. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. 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. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Transocean shares have a 52-week. The Zacks database contains over 10,000 stocks. Transocean - RIG Stock Forecast, Price & News - MarketBeat www.sec.gov Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 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. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. capital one merger rumors 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. [email protected] 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. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. See rankings and related performance below. Projected EPS Growth looks at the estimated growth rate for one year. 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% . To learn more, click here. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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,. capital one merger rumors Date of report (date of earliest event reported): February 15, 2023 . Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. 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.
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