In-depth profiles and analysis for 20,000 public companies. Transocean Ltd. Announces Agreement to Acquire Ocean Rig 8. RIG News Today | Why did Transocean stock go up today? - MarketBeat 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 . A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. A high percentage of insider ownership can be a sign of company health. A ratio of 1 means a company's assets are equal to its liabilities. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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 . But, typically, an aggressive growth trader will be interested in the higher growth rates. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink The Momentum Score takes all of this and more into account. 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. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Like most ratios, this number will vary from industry to industry. The Price to Earnings ratio or P/E is price divided by earnings. 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. September 19, 2007. 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 Current Ratio is defined as current assets divided by current liabilities. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. This is a longer-term price change metric. 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. and Nauticus Robotics, Inc., a Texas corporation. During the same period in the previous year, the company posted ($0.19) EPS. That means these items are added back into the net income to produce this earnings number. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. In general, the lower the ratio is the better. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? In this case, it's the cash flow growth that's being looked at. Compare Top Brokerages Here. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. 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. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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 merger cleared the DOJ after Compass . What is a Good Dividend Yield? Earnings estimate revisions are the most important factor influencing stocks prices. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. A P/B of 2 means it's selling at 2 times its book value. capital one merger rumors [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 . Transocean does not have a long track record of dividend growth. Transocean (RIG) Stock Soars on New Contract Announcements Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. are strong. Of course, different industries will have different growth rates that are considered good. www.sec.gov There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. FORM 8-K. CURRENT REPORT. Their RIG share price forecasts range from $3.30 to $10.00. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. View our RIG earnings forecast. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Delayed quotes by FIS. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. contact@marketbeat.com 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. Luigs and the midwater floater Songa Delta. This longer-term historical perspective lets the user see how a company has grown over time. Identify stocks that meet your criteria using seven unique stock screeners. 7:58 PM ET. Growth of $10,000.00. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Zacks Ranks stocks can, and often do, change throughout the month. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. This measure is expressed as a percentage. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock DealICLUBcentral - Transocean Inc. [RIG] reclassification and merger with There are 17 Sectors, 60 different M Industries, and 265 X Industries. Transocean Mergers and Acquisitions Summary | Mergr A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. So be sure to compare it to its group when comparing stocks in different industries. 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 $4.37. 326 E 8th St #105, Sioux Falls, SD 57103 The monthly returns are then compounded to arrive at the annual return. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. The analyzed items go beyond simple trend analysis. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. See what's happening in the market right now with MarketBeat's real-time news feed. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. But, it's made even more meaningful when looking at the longer-term 4 week percent change. The new company, which will operate under the Transocean name, will combine the largest. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The transaction has been unanimously approved by the board of directors of each company. A higher number means the more debt a company has compared to its capital structure. Real-time analyst ratings, insider transactions, earnings data, and more. Transocean has a P/B Ratio of 0.51. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it