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Transocean/R&B Falcon Merger To Create Largest Offshore Driller Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Based upon closing prices for each. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The stock has recently been. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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. A P/B of 1 means it's selling at its per share book value. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. In general, a lower number or multiple is usually considered better that a higher one. Close Menu. 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. In general, the lower the ratio is the better. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Search: Transocean Merger Rumors. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Sandro Thoma Transocean Ltd. . A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. But they all have their place in the Growth style. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. ANALYSIS-Mixed view on effect of Transocean merger | Reuters Transocean (RIG) is a Great Momentum Stock: Should You Buy? Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. A higher number means the more debt a company has compared to its capital structure. 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%). View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. (844) 978-6257. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. the Securities Exchange Act of 1934. With Dividends Reinvested. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. The Price to Earnings ratio or P/E is price divided by earnings. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. 326 E 8th St #105, Sioux Falls, SD 57103 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. 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. On average, they predict the company's stock price to reach $5.91 in the next year. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Breaking News: NE latest news. - The Fly The Daily Price Change displays the day's percentage price change using the most recently completed close. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Value Style - Learn more about the Value Style. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. View our RIG earnings forecast. 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. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Real time prices by BATS. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean shares have a 52-week. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. On average, they anticipate the company's stock price to reach $5.91 in the next year. 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. and Nauticus Robotics, Inc., a Texas corporation. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. 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. Transocean-GlobalSantaFe Merger. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The new company, which will operate under the Transocean name, will combine the largest. Zacks Premium - The way to access to the Zacks Rank. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. 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. 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. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. For example, a regional bank would be classified in the Finance Sector. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. 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. Search: Transocean Merger Rumors. A ratio of 1 means a company's assets are equal to its liabilities. Cash flow itself is an important item on the income statement. 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. American Consumer News, LLC dba MarketBeat 2010-2023. In many ways, the market's action of repricing the offshore . Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Transocean bonds surge as driller says it has cured default allegations The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 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. are strong. . 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.) Zacks Ranks stocks can, and often do, change throughout the month. There are currently 4 hold ratings and 4 buy ratings for the stock. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Transocean Ltd. Announces Agreement to Acquire Ocean Rig View institutional ownership trends. 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. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and This shows the percentage of profit a company earns on its sales. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. The Current Ratio is defined as current assets divided by current liabilities. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. 8 brokerages have issued 12 month target prices for Transocean's shares. The company's press release can be found here. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. The analyzed items go beyond simple trend analysis. That means these items are added back into the net income to produce this earnings number. 7:58 PM ET. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo 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 . High institutional ownership can be a signal of strong market trust in this company. 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. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Above 1 means it assets are greater than its liabilities. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The monthly returns are then compounded to arrive at the annual return. 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. And, of course, the 4 week change helps put the 1 week change into context. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink 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). 55.16% of the stock of Transocean is held by institutions. RIG News Today | Why did Transocean stock go up today? World's Biggest Offshore Drilling Companies | Zeymarine Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Transocean Ltd. Reports First Quarter 2021 Results Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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 . It's then divided by the number of shares outstanding to determine how much cash is generated per share. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Of course, different industries will have different growth rates that are considered good. 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. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. -- Equal representation on 14-member board, chaired by Robert E. Rose. If you wish to go to ZacksTrade, click OK. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The analyst urged Transocean to use the current market crisis to address these issues with its customers. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. In-depth profiles and analysis for 20,000 public companies. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Transocean: April 2021 Fleet Status Analysis - SeekingAlpha Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank.