Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. Transocean Ltd. mesurer votre utilisation de nos sites et applications. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The 52 week price change is a good reference point. What is a Good Dividend Yield? This shows the percentage of profit a company earns on its sales. ROE values, like other values, can vary significantly from one industry to another. 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. In-depth profiles and analysis for 20,000 public companies. We use cookies to understand how you use our site and to improve your experience. 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. How good is it? 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 Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. Should I buy or sell Transocean stock right now? 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. Based upon closing prices for each. Transocean has only been the subject of 3 research reports in the past 90 days. FORM 8-K. CURRENT REPORT. These contracts, worth a combined $1.24 billion, span multiple years. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. As Transocean has already committed to voting its approximately 21.3 million common units in favor of the merger, a vote in favor of the merger by approximately 9.9 million (or approximately 50.1% . ZacksTrade and Zacks.com are separate companies. The PEG ratio is the P/E ratio divided by its growth rate. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The median P/B ratio for stocks in the S&P is just over 3. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Seeing a stock's EPS change over 1 week is important. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The new company, which will operate under the Transocean name, will combine the largest. 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.) Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 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. Sign in to your free account to enjoy all that MarketBeat has to offer. Compare Top Brokerages Here. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Home; Topics. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. There are currently 4 hold ratings and 4 buy ratings for the stock. A value greater than 1, in general, is not as good (overvalued to its growth rate). The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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. As the name suggests, it's calculated as sales divided by assets. A ratio of 2 means its assets are twice that of its liabilities. The company's mobile offshore drilling. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. A P/B of 0.5 means its selling at half its book value. Identify stocks that meet your criteria using seven unique stock screeners. During the same period in the previous year, the company posted ($0.19) EPS. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. And, of course, the 4 week change helps put the 1 week change into context. 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,. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. 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. 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. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Transocean's stock was trading at $4.56 at the start of the year. Search: Transocean Merger Rumors. 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Momentum Style - Learn more about the Momentum Style. 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. 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%). With Dividends Reinvested. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. But note, different industries have different margin rates that are considered good. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Main Menu; Markets. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Like the P/E ratio, a lower number is considered better. Washington, D.C. 20549. If a company's expenses are growing faster than their sales, this will reduce their margins. ROE is always expressed as a percentage. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. 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 It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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.
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