transocean merger rumors

Cash Flow is net income plus depreciation and other non-cash charges. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Search: Transocean Merger Rumors. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Transocean does not have a long track record of dividend growth. 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. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. It is used to help gauge a company's financial health. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Earnings estimate revisions are the most important factor influencing stocks prices. below): Written communications pursuant to Rule 425 under . 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. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The official website for the company is www.deepwater.com. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. 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. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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). 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. Their RIG share price forecasts range from $3.30 to $10.00. A high percentage of insider ownership can be a sign of company health. How good is it? Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. -0.02 (-0.27%) A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. The company employs 5,530 workers across the globe. The median P/B ratio for stocks in the S&P is just over 3. Their RIG share price forecasts range from $3.30 to $10.00. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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 P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. 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. Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. A 'good' number would usually fall within the range of 1.5 to 3. The merger cleared the DOJ after Compass . Transocean Inc. 36C Dr. Roy's Drive, Bermuda. All of those stocks are classified into three groups: Sector, M Industry and X Industry. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Search: Transocean Merger Rumors. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! 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. 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. Jan 7, 2021. In general, a lower number or multiple is usually considered better that a higher one. Transocean's stock was trading at $4.56 at the start of the year. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The monthly returns are then compounded to arrive at the annual return. Transocean shares have a 52-week. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Growth of $10,000.00. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. 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. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Pursuant to Section 13 or 15 (d) of. 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. 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 . 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). 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. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Transocean Ltd. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Transocean's stock is owned by a variety of retail and institutional investors. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. 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). Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. In short, this is how much a company is worth. The consensus among Wall Street analysts is that investors should "buy" RIG shares. The company's press release can be found here. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? 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. FREE Breaking News Alerts from StreetInsider.com! Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. In this case, it's the cash flow growth that's being looked at. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Get short term trading ideas from the MarketBeat Idea Engine. 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. 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. 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. Delayed quotes by FIS. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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) 0.6996 . dvelopper et amliorer nos produits et services. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). These returns cover a period from January 1, 1988 through January 2, 2023. Sandro Thoma Transocean Ltd. . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. TransOcean 2: Rivals - Update 1.2 available. But they all have their place in the Growth style. Growth traders and investors will tend to look for growth rates of 20% or higher. Main Menu; Markets. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Search: Transocean Merger Rumors. That means these items are added back into the net income to produce this earnings number. 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. That does not mean that all companies with large growth rates will have a favorable Growth Score. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. 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-GlobalSantaFe Merger. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. It is essentially the inverse of the P/E ratio. 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. 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. 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. 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. International Mexico S. de R.L. This is a medium-term price change metric (like the 4 week price change). This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Transocean (RIG) Announces $488 Million Addition to Backlog. The longer-term perspective helps smooth out short-term events. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Washington, D.C. 20549. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. There are 17 Sectors, 60 different M Industries, and 265 X Industries. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 55.16% of the stock of Transocean is held by institutions. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo 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 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. 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.