A 'good' number would usually fall within the range of 1.5 to 3. 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 Offshore Drilling: These Rig Companies Could Be Takeover Candidates It's used by investors as a measure of financial health. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger The company was founded in 1926 and is based in Steinhausen,. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. View RIG analyst ratings or view top-rated stocks. What is a Good Dividend Yield? 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. 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. The transaction has been unanimously approved by the board of directors of each company. Earnings estimate revisions are the most important factor influencing stocks prices. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 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 . Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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. If you do not, click Cancel. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. The official website for the company is www.deepwater.com. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Jan 7, 2021. Transocean Ltd. Announces Agreement to Acquire Ocean Rig On average, they anticipate the company's stock price to reach $5.91 in the next year. This is a longer-term price change metric. In general, a lower number or multiple is usually considered better that a higher one. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . 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. 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. Rumors - Latest News and breaking headlines - Benzinga Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. What is Transocean's stock price forecast for 2023? The Price to Sales ratio or P/S is calculated as price divided by sales. This suggests that the stock has a possible downside of 16.5%. The scores are based on the trading styles of Value, Growth, and Momentum. The merger cleared the DOJ after Compass . Transocean has a P/B Ratio of 0.51. * indicates the important links in the menu, After-Market: The company's press release can be found here. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. . Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Transocean Merger Rumors What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Breaking News: NE latest news. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. The 52 week price change is a good reference point. It is used to help gauge a company's financial health. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 8 brokerages have issued 12 month target prices for Transocean's shares. 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. Search: Transocean Merger Rumors. 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 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. View our RIG earnings forecast. After the P/E ratio, it's one of the most common valuation metrics. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. below): Written communications pursuant to Rule 425 under . 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 . View institutional ownership trends. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? Enterprise Value (EV) is Market Capitalization + Debt - Cash. World's Biggest Offshore Drilling Companies | Zeymarine 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Get daily stock ideas from top-performing Wall Street analysts. RIG News Today | Why did Transocean stock go up today? are strong. Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. ANALYSIS-Mixed view on effect of Transocean merger | Reuters Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). 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). Projected EPS Growth looks at the estimated growth rate for one year. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. View the best growth stocks for 2023 here. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. 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. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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. dvelopper et amliorer nos produits et services. 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 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%). 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. Zacks Ranks stocks can, and often do, change throughout the month. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. FREE Breaking News Alerts from StreetInsider.com! So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Grand Cayman, Cayman. Should I buy Transocean (RIG) - Zacks - Zacks Investment Research The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. Seeing a stock's EPS change over 1 week is important. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Many other growth items are considered as well. It is essentially the inverse of the P/E ratio. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. RIG - 24/7 Wall St. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Premium - The way to access to the Zacks Rank. Transocean shares have a 52-week. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. It's packed with all of the company's key stats and salient decision making information. 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. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Transocean Ltd. 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. If you wish to go to ZacksTrade, click OK. Search: Transocean Merger Rumors. Shares of RIG stock can be purchased through any online brokerage account. How were Transocean's earnings last quarter? BP - Royal Dutch Shell Plc .com View which stocks are hot on social media with MarketBeat's trending stocks report. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! Above 1 means it assets are greater than its liabilities. Export data to Excel for your own analysis. Santa Fe Supraco Indonesia, PT. And, of course, the 4 week change helps put the 1 week change into context. 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. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. The respective items are ranked and graded into five groups: A, B, C, D and F. 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. 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