Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". During the same period in the previous year, the company posted ($0.19) EPS. For example, a regional bank would be classified in the Finance Sector. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. View which stocks are hot on social media with MarketBeat's trending stocks report. Close Menu. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. The new company, which will operate under the Transocean name, will combine the largest. TransOcean 2: Rivals - Update 1.2 available. The Price to Earnings ratio or P/E is price divided by earnings. Search: Transocean Merger Rumors. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. 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. 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. Transocean Partners - Products, Competitors, Financials, Employees 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. The cause of this is impossible to tell Transocean will pay approximately $2 . Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. This is also referred to as the cash yield. The company was founded in 1926 and is based in Steinhausen,. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. With Dividends Reinvested. Pursuant to Section 13 or 15 (d) of. Many other growth items are considered as well. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 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. Our testing substantiates this with the optimum range for price performance between 0-20. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. Both floaters are currently stacked. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. NASDAQ data is at least 15 minutes delayed. Net Margin is defined as net income divided by sales. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ROE values, like other values, can vary significantly from one industry to another. If you wish to go to ZacksTrade, click OK. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Transocean Stock Split History 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 A value under 20 is generally considered good. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. Offshore Drilling: These Rig Companies Could Be Takeover Candidates Transocean Inc. and GlobalSantaFe Corporation Agree to Combine 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. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Transocean : SpareBank 1 Markets 2023 Energy Conference are strong. Main Menu; Markets. The transaction has been unanimously approved by the board of directors of each company. Transocean shares have a 52-week. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. -0.02 (-0.27%) For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Zacks Rank Education -- Learn more about the Zacks Rank What is Transocean's stock price forecast for 2023? Cash Flow is a measurement of a company's health. Zacks Style Scores Education - Learn more about the Zacks Style Scores. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Transocean has only been the subject of 3 research reports in the past 90 days. These returns cover a period from January 1, 1988 through January 2, 2023. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Real-time analyst ratings, insider transactions, earnings data, and more. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. 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. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. FREE Breaking News Alerts from StreetInsider.com! Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Transocean's stock is owned by a variety of retail and institutional investors. Transocean Completes Merger With GlobalSantaFe | Hart Energy This includes personalizing content and advertising. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. 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 . 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. It is the most commonly used metric for determining a company's value relative to its earnings. Growth traders and investors will tend to look for growth rates of 20% or higher. The scores are based on the trading styles of Value, Growth, and Momentum. NYSE and AMEX data is at least 20 minutes delayed. This suggests that the stock has a possible downside of 21.3%. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. This item is updated at 9 pm EST each day. A D/E ratio of 1 means its debt is equivalent to its common equity. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Transocean - RIG Stock Forecast, Price & News - MarketBeat How were Transocean's earnings last quarter? 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. And margin rates can vary significantly across these different groups. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The median P/B ratio for stocks in the S&P is just over 3. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. 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. The 52 week price change is a good reference point. In short, this is how much a company is worth. 2018_09_04_rig_8-k - Sec The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. 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. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Our daily ratings and market update email newsletter. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Sign in to your free account to enjoy all that MarketBeat has to offer. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. In-depth profiles and analysis for 20,000 public companies. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Like earnings, a higher growth rate is better than a lower growth rate. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Announces $392 Million Contract Award for Ultra-Deepwater Drillship. It's then divided by the number of shares outstanding to determine how much cash is generated per share. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. Sandro Thoma Transocean Ltd. . This allows the investor to be as broad or as specific as they want to be when selecting stocks.