Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. [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 . ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. In this case, it's the cash flow growth that's being looked at. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Net Margin is defined as net income divided by sales. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. A P/B of 2 means it's selling at 2 times its book value. Growth Style - Learn more about the Growth Style. 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. Transocean has a P/B Ratio of 0.51. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). TransOcean 2: Rivals - Update 1.2 available. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. In general, the lower the ratio is the better. The scores are based on the trading styles of Value, Growth, and Momentum. American Consumer News, LLC dba MarketBeat 2010-2023. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. If you wish to go to ZacksTrade, click OK. Transocean (RIG) Stock Soars on New Contract Announcements The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Their RIG share price forecasts range from $3.30 to $10.00. * indicates the important links in the menu, After-Market: Compare Top Brokerages Here. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out 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. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 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. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and 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. Visit Performance Disclosure for information about the performance numbers displayed above. This item is updated at 9 pm EST each day. 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. Jan 7, 2021. The company's mobile offshore drilling. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Home; Topics. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. below): Written communications pursuant to Rule 425 under . The cause of this is impossible to tell Transocean will pay approximately $2 . We use cookies to understand how you use our site and to improve your experience. 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. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). The company employs 5,530 workers across the globe. 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 median P/B ratio for stocks in the S&P is just over 3. What is a Good Dividend Yield? The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). September 19, 2007. 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). 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. This suggests that the stock has a possible downside of 16.5%. Transocean - RIG Stock Forecast, Price & News - MarketBeat A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Grand Cayman, Cayman. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. TransOcean - Official Website View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. That does not mean that all companies with large growth rates will have a favorable Growth Score. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Zacks Ranks stocks can, and often do, change throughout the month. the Securities Exchange Act of 1934. Their RIG share price forecasts range from $3.30 to $10.00. contact@marketbeat.com Transocean Stock Split History Above 1 means it assets are greater than its liabilities. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 12.29% of the stock of Transocean is held by insiders. Transocean has received a consensus rating of Buy. 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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. That means these items are added back into the net income to produce this earnings number. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Search: Transocean Merger Rumors. 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View the best growth stocks for 2023 here. Transocean/R&B Falcon Merger To Create Largest Offshore Driller Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. mesurer votre utilisation de nos sites et applications. World's Biggest Offshore Drilling Companies | Zeymarine The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. And margin rates can vary significantly across these different groups. There are 17 Sectors, 60 different M Industries, and 265 X Industries. After the P/E ratio, it's one of the most common valuation metrics. 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. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway.