The company was founded in 1926 and is based in Steinhausen,. The Price to Earnings ratio or P/E is price divided by earnings. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The merger is not subject to any financing condition. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Transocean Ltd. Reports First Quarter 2021 Results Breaking News: NE latest news. - The Fly The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. 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. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). If you do not, click Cancel. 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 . Start date: 01/17/2013. The new company, which will operate under the Transocean name, will combine the largest. Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy . What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Transocean denies R&B merger speculation | TradeWinds The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. Earnings estimate revisions are the most important factor influencing stocks prices. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. 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. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. This suggests that the stock has a possible downside of 21.3%. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Export data to Excel for your own analysis. It's also commonly referred to as a 'liquidity ratio'. 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 . ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with 8. Jan 7, 2021. 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. Many other growth items are considered as well. ROE is always expressed as a percentage. Cash flow can be found on the cash flow statement. 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. But, typically, an aggressive growth trader will be interested in the higher growth rates. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger This is also commonly referred to as the Asset Utilization ratio. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. mesurer votre utilisation de nos sites et applications. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Schlumberger's Sedco, Transocean To Merge in $3.26 Billion Stock Deal Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. On average, they predict the company's stock price to reach $5.91 in the next year. 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. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . House, 4th Floor. This is a longer-term price change metric. -- Equal representation on 14-member board, chaired by Robert E. Rose. So the PEG ratio tells you what you're paying for each unit of earnings growth. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. See rankings and related performance below. The 52 week price change is a good reference point. Seeing a stock's EPS change over 1 week is important. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Transocean shares have a 52-week. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. below): Written communications pursuant to Rule 425 under . 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 With Dividends Reinvested. 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. See what's happening in the market right now with MarketBeat's real-time news feed. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. It is the most commonly used metric for determining a company's value relative to its earnings. Islands KY1-1003 +1 (345) 745-4505 . What is Transocean's stock price forecast for 2023? Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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