Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. Growth traders and investors will tend to look for growth rates of 20% or higher. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Transocean (RIG) Announces $488 Million Addition to Backlog. contact@marketbeat.com 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). The income number is listed on a company's Income Statement. Search: Transocean Merger Rumors. FORM 8-K. CURRENT REPORT. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 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. The transaction has been unanimously approved by the board of directors of each company. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. Sandro Thoma Transocean Ltd. . A 'good' number would usually fall within the range of 1.5 to 3. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. Santa Fe Supraco Indonesia, PT. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Close Menu. 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. 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. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Accordingly, the company's. Earnings estimate revisions are the most important factor influencing stocks prices. Like earnings, a higher growth rate is better than a lower growth rate. 7:58 PM ET. This is a medium-term price change metric (like the 4 week price change). $7.49 Identify stocks that meet your criteria using seven unique stock screeners. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? The company's revenue for the quarter was down 2.4% compared to the same quarter last year. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Zacks Rank Education -- Learn more about the Zacks Rank The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. The scores are based on the trading styles of Value, Growth, and Momentum. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. TransOcean 2: Rivals - Update 1.2 available. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? It is essentially the inverse of the P/E ratio. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. View our RIG earnings forecast. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean has a P/B Ratio of 0.51. For one, part of trading is being able to get in and out of a stock easily. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. A P/B of 1 means it's selling at its per share book value. This is also commonly referred to as the Asset Utilization ratio. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 8 brokerages have issued 12 month target prices for Transocean's shares. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Above 1 means it assets are greater than its liabilities. How good is it? The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Transocean does not have a long track record of dividend growth. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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. In many ways, the market's action of repricing the offshore . 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 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. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. In this case, it's the cash flow growth that's being looked at. 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 . Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Cash flow can be found on the cash flow statement. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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 . In general, a lower number or multiple is usually considered better that a higher one. A value under 20 is generally considered good. Learn more about Zacks Equity Research reports. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Projected EPS Growth looks at the estimated growth rate for one year. [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 . If you do not, click Cancel. . Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Zacks Ranks stocks can, and often do, change throughout the month. mesurer votre utilisation de nos sites et applications. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. With Dividends Reinvested. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). 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 . The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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 . Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Momentum Style - Learn more about the Momentum Style. The PEG ratio is the P/E ratio divided by its growth rate. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. But they all have their place in the Growth style. Pursuant to Section 13 or 15 (d) of. 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. 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. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). 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%). 55.16% of the stock of Transocean is held by institutions. 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. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. 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. Real-time analyst ratings, insider transactions, earnings data, and more. 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. Please log in to your account or sign up in order to add this asset to your watchlist. On average, they anticipate the company's stock price to reach $5.91 in the next year. (1) Per Transoceans internal rig ranking model. A value greater than 1, in general, is not as good (overvalued to its growth rate). It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . 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 higher number means the more debt a company has compared to its capital structure. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. This longer-term historical perspective lets the user see how a company has grown over time. It is used to help gauge a company's financial health. And, of course, the 4 week change helps put the 1 week change into context. It's calculated as earnings divided by price. The Daily Price Change displays the day's percentage price change using the most recently completed close. This includes personalizing content and advertising. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. This allows the investor to be as broad or as specific as they want to be when selecting stocks. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? View RIG analyst ratings or view top-rated stocks. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Like the P/E ratio, a lower number is considered better. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Transocean's stock was trading at $4.56 at the start of the year. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. 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. 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 . Zscaler, Inc Plummets, Is It Time To Buy The Dip? High institutional ownership can be a signal of strong market trust in this company. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 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% . This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. 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. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Date of report (date of earliest event reported): February 15, 2023 . Washington, D.C. 20549. Delayed quotes by FIS. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. International Mexico S. de R.L. The company's mobile offshore drilling. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Our testing substantiates this with the optimum range for price performance between 0-20. After the P/E ratio, it's one of the most common valuation metrics. 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. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. The consensus among Wall Street analysts is that investors should "buy" RIG shares. 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.