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. Transocean has a P/B Ratio of 0.51. 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. contact@marketbeat.com A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. The new company, which will operate under the Transocean name, will combine the largest. A D/E ratio of 1 means its debt is equivalent to its common equity. Breaking News: NE latest news. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The median P/B ratio for stocks in the S&P is just over 3. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. This includes personalizing content and advertising. Their RIG share price forecasts range from $3.30 to $10.00. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Search: Csx Merger Rumors. 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 . Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. 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 merger is not subject to any financing condition. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Jan 7, 2021. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. In-depth profiles and analysis for 20,000 public companies. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Like earnings, a higher growth rate is better than a lower growth rate. Get daily stock ideas from top-performing Wall Street analysts. Zacks Ranks stocks can, and often do, change throughout the month. 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. The official website for the company is www.deepwater.com. 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 . Search: Transocean Merger Rumors. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. That means these items are added back into the net income to produce this earnings number. 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 Growth traders and investors will tend to look for growth rates of 20% or higher. 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 mesurer votre utilisation de nos sites et applications. 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). 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. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. How were Transocean's earnings last quarter? FORM 8-K. CURRENT REPORT. -- Equal representation on 14-member board, chaired by Robert E. Rose. Accordingly, the company's. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. In general, a lower number or multiple is usually considered better that a higher one. Cash Flow is a measurement of a company's health. On Monday, two U.S. discount airlines announced plans to merge. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. 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. But note, different industries have different margin rates that are considered good. Wall Street closes sharply higher, notches weekly gains as Treasury yields ease, Morgan Stanley reaffirms Top Pick on Apple (AAPL) stock, sees catalyst-rich event path, Amazon (AMZN) pausing construction on second HQ in Virginia - Bloomberg, Broadcom Q1 results & guidance beat estimates; analysts praise 'stellar' execution, Dell reverses early gains on soft outlook; analyst reactions mixed, Embark Trucks (EMBK) to reduce workforce, explore strategic alternatives including liquidation, Ford Motor (F) Declares $0.65 Special Dividend; 4.5% Yield, Crypto firms behind Tether used falsified documents to maintain banking system access - WSJ, Altamira Therapeutics (CYTO) Reports Study Showing Bentrio's Superior Nasal Residence Time and Rheological Properties, Desktop Metal (DM) jumps on chatter of deal with Apple, Midday movers: C3 AI, Costco, Zscaler and more, Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise, After-hours stock movers: C3.ai jumps on results, Zscaler falls, Macy's, Salesforce and Okta rise premarket; Silvergate, Tesla fall, After-hours movers: Salesforce surges on beat, Silvergate falls on 'going concern' warning, VPC Impact Acquisition (VPCB) to Redeem Public Shares, Live Oak Mobility Acquisition Corp (LOKMU) Announces Redemption of Public Shares and Dissolution, China Index Holdings (CIH) Sets Record Date for Dissemination of Transaction Statement for Going Private Transaction. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. This is also referred to as the cash yield. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. 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. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Search: Transocean Merger Rumors. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. 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. The analyst urged Transocean to use the current market crisis to address these issues with its customers. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. This is also commonly referred to as the Asset Utilization ratio. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. For one, part of trading is being able to get in and out of a stock easily. 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. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Transocean Ltd. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. The analyzed items go beyond simple trend analysis. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? The merger cleared the DOJ after Compass . The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. A 'good' number would usually fall within the range of 1.5 to 3. 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. Transocean's stock was trading at $4.56 at the start of the year. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. The company's mobile offshore drilling. 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. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. With Dividends Reinvested. In this case, it's the cash flow growth that's being looked at. It measures a company's ability to pay short-term obligations. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. 8. Export data to Excel for your own analysis. There are 17 Sectors, 60 different M Industries, and 265 X Industries. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. To see all exchange delays and terms of use please see Barchart's disclaimer. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. This suggests that the stock has a possible downside of 21.3%. 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. 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. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. We use cookies to understand how you use our site and to improve your experience. Learn more about Zacks Equity Research reports. During the same period in the previous year, the company posted ($0.19) EPS. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Grand Cayman, Cayman. Like most ratios, this number will vary from industry to industry. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Home; Topics. A P/B of 2 means it's selling at 2 times its book value. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. 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. Transocean Ltd. 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. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The company employs 5,530 workers across the globe. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean has only been the subject of 3 research reports in the past 90 days. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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 the most commonly used metric for determining a company's value relative to its earnings. Like the P/E ratio, a lower number is considered better. It's used by investors as a measure of financial health. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. 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. 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. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Earnings estimate revisions are the most important factor influencing stocks prices. 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. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. 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. Our daily ratings and market update email newsletter. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. View RIG analyst ratings or view top-rated stocks. A P/B of 1 means it's selling at its per share book value. 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 . And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. 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. 12.29% of the stock of Transocean is held by insiders. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. TransOcean 2: Rivals - Update 1.2 available. below): Written communications pursuant to Rule 425 under . Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. A ratio of 1 means a company's assets are equal to its liabilities. 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. 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. 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. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Both floaters are currently stacked. If a company's expenses are growing faster than their sales, this will reduce their margins. Delayed quotes by FIS. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry.