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A P/B of 2 means it's selling at 2 times its book value. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra Real-time analyst ratings, insider transactions, earnings data, and more. 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. See rankings and related performance below. The transaction has been unanimously approved by the board of directors of each company. 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. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. ANALYSIS-Mixed view on effect of Transocean merger | Reuters Rumors - Latest News and breaking headlines - Benzinga Visit www.zacksdata.com to get our data and content for your mobile app or website. If a company's expenses are growing faster than their sales, this will reduce their margins. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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. With Dividends Reinvested. 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. Zacks Ranks stocks can, and often do, change throughout the month. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx ROE values, like other values, can vary significantly from one industry to another. 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. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. 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 company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The scores are based on the trading styles of Value, Growth, and Momentum. 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. See what's happening in the market right now with MarketBeat's real-time news feed. -- Equal representation on 14-member board, chaired by Robert E. Rose. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine These returns cover a period from January 1, 1988 through January 2, 2023. The consensus among Wall Street analysts is that investors should "buy" RIG shares. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. The new company, which will operate under the Transocean name, will combine the largest. The company's mobile offshore drilling. Once again, cash flow is net income plus depreciation and other non-cash charges. Please log in to your account or sign up in order to add this asset to your watchlist. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. This includes personalizing content and advertising. Cash Flow is a measurement of a company's health. Transocean has a P/B Ratio of 0.51. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Search: Transocean Merger Rumors. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. 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. What other stocks do shareholders of Transocean own? Visit Performance Disclosure for information about the performance numbers displayed above. Transocean Mergers and Acquisitions Summary | Mergr 326 E 8th St #105, Sioux Falls, SD 57103 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. The longer-term perspective helps smooth out short-term events. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Luigs and the midwater floater Songa Delta. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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). Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. The Current Ratio is defined as current assets divided by current liabilities. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Zacks Premium - The way to access to the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. Search: Transocean Merger Rumors. 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. 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. A value under 20 is generally considered good. As they say, 'price follows volume'. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Main Menu; Markets. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) 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. A D/E ratio of 1 means its debt is equivalent to its common equity. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. 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. 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. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. This suggests that the stock has a possible downside of 16.5%. 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. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. Transocean Ltd. (RIG) Stock Price Today, Quote & News [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 . The PEG ratio is the P/E ratio divided by its growth rate. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . End date: 01/13 . And, of course, the 4 week change helps put the 1 week change into context. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. During the same period in the previous year, the company posted ($0.19) EPS. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. On Monday, two U.S. discount airlines announced plans to merge. The cause of this is impossible to tell Transocean will pay approximately $2 .