Please log in to your account or sign up in order to add this asset to your watchlist. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . It is essentially the inverse of the P/E ratio. Shares of RIG stock can be purchased through any online brokerage account. 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. Transocean/R&B Falcon Merger To Create Largest Offshore Driller What other stocks do shareholders of Transocean own? -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. We use cookies to understand how you use our site and to improve your experience. Grand Cayman, Cayman. In general, a lower number or multiple is usually considered better that a higher one. 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. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Transocean's stock is owned by a variety of retail and institutional investors. This item is updated at 9 pm EST each day. Breaking News: NE latest news. - The Fly The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean does not have a long track record of dividend growth. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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. This allows the investor to be as broad or as specific as they want to be when selecting stocks. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. FREE Breaking News Alerts from StreetInsider.com! [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. The Zacks database contains over 10,000 stocks. 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. The stock has recently been. To see all exchange delays and terms of use please see Barchart's disclaimer. See rankings and related performance below. Search: Transocean Merger Rumors. 55.16% of the stock of Transocean is held by institutions. 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. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Once again, cash flow is net income plus depreciation and other non-cash charges. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 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. 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% . FORM 8-K. CURRENT REPORT. Islands KY1-1003 +1 (345) 745-4505 . Offshore Drilling: These Rig Companies Could Be Takeover Candidates Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? * indicates the important links in the menu, After-Market: Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. 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. 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). Nous, Yahoo, faisons partie de la famille de marques Yahoo. There are currently 4 hold ratings and 4 buy ratings for the stock. 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. View our RIG earnings forecast. 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 merger is not subject to any financing condition. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Sandro Thoma Transocean Ltd. . Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance The company was founded in 1926 and is based in Steinhausen,. View the best growth stocks for 2023 here. The 20 day average establishes this baseline. 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. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. 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. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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). Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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 . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. This suggests that the stock has a possible downside of 21.3%. 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. That means these items are added back into the net income to produce this earnings number. 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. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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 . In-depth profiles and analysis for 20,000 public companies. 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. 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. If you wish to go to ZacksTrade, click OK. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd But, typically, an aggressive growth trader will be interested in the higher growth rates. This suggests that the stock has a possible downside of 16.5%. ROE values, like other values, can vary significantly from one industry to another. 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 8. Transocean Mergers and Acquisitions Summary | Mergr N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L.
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