Grand Cayman, Cayman. The 20 day average establishes this baseline. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. 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. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with 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. 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 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. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd This is also referred to as the cash yield. The transaction has been unanimously approved by the board of directors of each company. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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 . What is Transocean's stock price forecast for 2023? The company was founded in 1926 and is based in Steinhausen,. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. This is a longer-term price change metric. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Sandro Thoma Transocean Ltd. . With Dividends Reinvested. The cause of this is impossible to tell Transocean will pay approximately $2 . 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. RIG News Today | Why did Transocean stock go up today? To learn more, click here. 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. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Pursuant to Section 13 or 15 (d) of. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Visit www.zacksdata.com to get our data and content for your mobile app or website. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. But note, different industries have different margin rates that are considered good. Transocean, GlobalSantaFe in merger deal - ibtimes.com Transocean Ltd. This is a medium-term price change metric. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). Transocean Mergers and Acquisitions Summary | Mergr ANALYSIS-Mixed view on effect of Transocean merger | Reuters EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Cash flow itself is an important item on the income statement. Luigs and the midwater floater Songa Delta. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Nous, Yahoo, faisons partie de la famille de marques Yahoo. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A It is essentially the inverse of the P/E ratio. Search: Transocean Merger Rumors. Earnings estimate revisions are the most important factor influencing stocks prices. The Price to Sales ratio or P/S is calculated as price divided by sales. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. ROE values, like other values, can vary significantly from one industry to another. A higher number is better than a lower number. In general, a lower number or multiple is usually considered better that a higher one. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. A value greater than 1, in general, is not as good (overvalued to its growth rate). It's also commonly referred to as a 'liquidity ratio'. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. The analyzed items go beyond simple trend analysis. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. NASDAQ data is at least 15 minutes delayed. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. FORM 8-K. CURRENT REPORT. Main Menu; Markets. This item is updated at 9 pm EST each day. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Get short term trading ideas from the MarketBeat Idea Engine. For example, a regional bank would be classified in the Finance Sector. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Search: Csx Merger Rumors. 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 merger cleared the DOJ after Compass . The Price to Earnings ratio or P/E is price divided by earnings. September 19, 2007. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Volume is a useful item in many ways. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. dvelopper et amliorer nos produits et services. All rights reserved. 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 . The stock has recently been. 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. Cash flow can be found on the cash flow statement. (1) Per Transoceans internal rig ranking model. 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.