Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. 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. 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. For example, a regional bank would be classified in the Finance Sector. On average, they predict the company's stock price to reach $5.91 in the next year. are strong. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 55.16% of the stock of Transocean is held by institutions. And, of course, the 4 week change helps put the 1 week change into context. The income number is listed on a company's Income Statement. By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The transaction has been unanimously approved by the board of directors of each company. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 8 brokerages have issued 12 month target prices for Transocean's shares. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. The company employs 5,530 workers across the globe. mesurer votre utilisation de nos sites et applications. 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). The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. We use cookies to understand how you use our site and to improve your experience. On Monday, two U.S. discount airlines announced plans to merge. 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. Cash Flow is a measurement of a company's health. 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. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. 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. 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. 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. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. Earnings estimate revisions are the most important factor influencing stocks prices. Visit Performance Disclosure for information about the performance numbers displayed above. 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. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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% . Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Transocean has received a consensus rating of Buy. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. 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. The company's press release can be found here. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Get short term trading ideas from the MarketBeat Idea Engine. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). -- Equal representation on 14-member board, chaired by Robert E. Rose. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Transocean's stock is owned by a variety of retail and institutional investors. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. They read the articles and then traced the articles back to the article that . It's used by investors as a measure of financial health. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The Price to Sales ratio or P/S is calculated as price divided by sales. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Search: Csx Merger Rumors. Start date: 01/17/2013. 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. After the P/E ratio, it's one of the most common valuation metrics. Like earnings, a higher growth rate is better than a lower growth rate. Cash flow can be found on the cash flow statement. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Bhd., Songa Offshore Management Limited, Songa Offshore Pte. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. That does not mean that all companies with large growth rates will have a favorable Growth Score. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. This is also commonly referred to as the Asset Utilization ratio. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Transocean's stock was trading at $4.56 at the start of the 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. Once again, cash flow is net income plus depreciation and other non-cash charges. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Seeing a stock's EPS change over 1 week is important. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Identify stocks that meet your criteria using seven unique stock screeners. 326 E 8th St #105, Sioux Falls, SD 57103 Our daily ratings and market update email newsletter. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Their RIG share price forecasts range from $3.30 to $10.00. Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. 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. This includes personalizing content and advertising. 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. 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. It measures a company's ability to pay short-term obligations. 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. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. The Momentum Score takes all of this and more into account. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). 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 ROE is always expressed as a percentage. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Like the P/E ratio, a lower number is considered better. Zacks Ranks stocks can, and often do, change throughout the month. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Zacks Premium - The way to access to the Zacks Rank. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. View RIG analyst ratings or view top-rated stocks. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Both floaters are currently stacked. Growth traders and investors will tend to look for growth rates of 20% or higher. 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 . This is the Air Japan corporate website, where you can view Corporate Information, Flight Routes, Safety/Flight Information, and CSR Information, etc 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 BP and Transocean . Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. End date: 01/13 . This longer-term historical perspective lets the user see how a company has grown over time. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. The company was founded in 1926 and is based in Steinhausen,. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? And like the P/E ratio, a lower number is typically considered 'better' than a higher number. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. 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. The PEG ratio is the P/E ratio divided by its growth rate. 7:58 PM ET. 8. The company's mobile offshore drilling. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Based upon closing prices for each. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Our testing substantiates this with the optimum range for price performance between 0-20. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. With Dividends Reinvested. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. 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. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Zscaler, Inc Plummets, Is It Time To Buy The Dip? All rights reserved. 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. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . 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. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. A P/B of 1 means it's selling at its per share book value. 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. Enterprise Value (EV) is Market Capitalization + Debt - Cash. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Luigs and the midwater floater Songa Delta. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Zacks Style Scores Education - Learn more about the Zacks Style Scores. A high percentage of insider ownership can be a sign of company health. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . 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 intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. Export data to Excel for your own analysis. During the same period in the previous year, the company posted ($0.19) EPS. Compare Top Brokerages Here. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. A P/B of 0.5 means its selling at half its book value. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. A higher number means the more debt a company has compared to its capital structure. Get daily stock ideas from top-performing Wall Street analysts. So be sure to compare it to its group when comparing stocks in different industries. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Washington, D.C. 20549. 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 X Industry values displayed in this column are the median values for all of the stocks within their respective industry. There are 17 Sectors, 60 different M Industries, and 265 X Industries. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Momentum Style - Learn more about the Momentum Style. Delayed quotes by FIS. Search: Transocean Merger Rumors. Please log in to your account or sign up in order to add this asset to your watchlist. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. The stock has recently been. 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. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Growth Style - Learn more about the Growth Style. 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. Like most ratios, this number will vary from industry to industry. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. FORM 8-K. CURRENT REPORT. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Search: Csx Merger Rumors. The Zacks database contains over 10,000 stocks. View institutional ownership trends. Transocean-GlobalSantaFe Merger. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The official website for the company is www.deepwater.com. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Cash Flow is net income plus depreciation and other non-cash charges. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 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.) Transocean Ltd. See rankings and related performance below. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 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. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Transocean has a P/B Ratio of 0.51. Grand Cayman, Cayman. Projected EPS Growth looks at the estimated growth rate for one year. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) It's packed with all of the company's key stats and salient decision making information. * indicates the important links in the menu, After-Market: Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, How major US stock indexes fared Friday 3/3/2023, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, Chief Administrative & Information Officer, EVP. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Accordingly, the company's. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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. ROE values, like other values, can vary significantly from one industry to another.