Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. -0.02 (-0.27%) This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Growth of $10,000.00. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. How were Transocean's earnings last quarter? Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. 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. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Start date: 01/17/2013. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy 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. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. A higher number means the more debt a company has compared to its capital structure. Cash flow itself is an important item on the income statement. In many ways, the market's action of repricing the offshore . The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. During the same period in the previous year, the company posted ($0.19) EPS. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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 . This is a medium-term price change metric. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. $7.49 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. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. See rankings and related performance below. The company was founded in 1926 and is based in Steinhausen,. 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. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. It's packed with all of the company's key stats and salient decision making information. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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). ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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). Date of report (date of earliest event reported): February 15, 2023 . 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. (1) Per Transoceans internal rig ranking model. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Many other growth items are considered as well. This is a medium-term price change metric (like the 4 week price change). Real time prices by BATS. NYSE and AMEX data is at least 20 minutes delayed. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. The Price to Sales ratio or P/S is calculated as price divided by sales. Enterprise Value (EV) is Market Capitalization + Debt - Cash. - The Fly. Transocean does not currently pay a dividend. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. That means these items are added back into the net income to produce this earnings number. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. and Nauticus Robotics, Inc., a Texas corporation. 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 These contracts, worth a combined $1.24 billion, span multiple years. The company's press release can be found here. 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 . 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. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Search: Transocean Merger Rumors. It is essentially the inverse of the P/E ratio. Projected EPS Growth looks at the estimated growth rate for one year. Like the P/E ratio, a lower number is considered better. This includes personalizing content and advertising. 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. Their RIG share price forecasts range from $3.30 to $10.00. 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. The 1 week price change reflects the collective buying and selling sentiment over the short-term. What is a Good Dividend Yield? 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. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. See what's happening in the market right now with MarketBeat's real-time news feed. 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. 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. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! 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. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. The merger is not subject to any financing condition. 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. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. 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. Islands KY1-1003 +1 (345) 745-4505 . Breaking News: NE latest news. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. dvelopper et amliorer nos produits et services. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. For one, part of trading is being able to get in and out of a stock easily. Real-time analyst ratings, insider transactions, earnings data, and more. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. They read the articles and then traced the articles back to the article that . On Monday, two U.S. discount airlines announced plans to merge. 8. Zacks Premium - The way to access to the Zacks Rank. As the name suggests, it's calculated as sales divided by assets. ROE is always expressed as a percentage. 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. 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. It's also commonly referred to as a 'liquidity ratio'. This suggests that the stock has a possible downside of 16.5%. Volume is a useful item in many ways. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. View institutional ownership trends. End date: 01/13 . Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. The official website for the company is www.deepwater.com. Our testing substantiates this with the optimum range for price performance between 0-20. This measure is expressed as a percentage. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. This suggests that the stock has a possible downside of 21.3%. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Zacks Rank Education -- Learn more about the Zacks Rank This is also commonly referred to as the Asset Utilization ratio. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Pursuant to Section 13 or 15 (d) of. 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