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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? A P/B of 2 means it's selling at 2 times its book value. 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. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 On average, they anticipate the company's stock price to reach $5.91 in the next year. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 2018_09_04_rig_8-k - Sec As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Like most ratios, this number will vary from industry to industry. So the PEG ratio tells you what you're paying for each unit of earnings growth. But they all have their place in the Growth style. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Please log in to your account or sign up in order to add this asset to your watchlist. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. In short, this is how much a company is worth. If you do not, click Cancel. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. ANALYSIS-Mixed view on effect of Transocean merger | Reuters 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 . Zacks Style Scores Education - Learn more about the Zacks Style Scores. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Sign in to your free account to enjoy all that MarketBeat has to offer. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. 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 $2.7 billion, inclusive of Ocean Rig's net debt, subject to, subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary Date of report (date of earliest event reported): February 15, 2023 . Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. 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). According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. View which stocks are hot on social media with MarketBeat's trending stocks report. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. Cash Flow is net income plus depreciation and other non-cash charges. How good is it? 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. Transocean faces possible 'liquidity crisis' amid debt repayment FREE Breaking News Alerts from StreetInsider.com! 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Noble-Maersk merger to create world's third-largest - Offshore are strong. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Transocean has a P/B Ratio of 0.51. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. But, it's made even more meaningful when looking at the longer-term 4 week percent change. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo This suggests that the stock has a possible downside of 16.5%. Transocean : SpareBank 1 Markets 2023 Energy Conference Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Net Margin is defined as net income divided by sales. 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. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. In general, a lower number or multiple is usually considered better that a higher one. (1) Per Transoceans internal rig ranking model. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. Why JetBlue Shares Are Up Today | The Motley Fool Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. 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. 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. 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. 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. High institutional ownership can be a signal of strong market trust in this company. 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. It is used to help gauge a company's financial health. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. In-depth profiles and analysis for 20,000 public companies. contact@marketbeat.com Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 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 Minnesota Steps Closer To Legalizing Cannabis: Former Gov. 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. 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. Cash Flow is a measurement of a company's health. 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. See rankings and related performance below. 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. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Transocean wraps up $2.7B Ocean Rig acquisition Transocean - RIG Stock Forecast, Price & News - MarketBeat A P/B of 1 means it's selling at its per share book value. Transocean does not currently pay a dividend. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. To see all exchange delays and terms of use please see Barchart's disclaimer. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 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. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. www.sec.gov Transocean, Globalsantafe To Merge - MarineLink Should I buy or sell Transocean stock right now? 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. End date: 01/13 . Santa Fe Supraco Indonesia, PT. World's Biggest Offshore Drilling Companies | Zeymarine ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with But, typically, an aggressive growth trader will be interested in the higher growth rates. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. Transocean Ltd. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Luigs and the midwater floater Songa Delta. Shares of RIG stock can be purchased through any online brokerage account. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. The median P/B ratio for stocks in the S&P is just over 3. Accordingly, the company's. The Price to Earnings ratio or P/E is price divided by earnings. TransOcean 2: Rivals - Update 1.2 available. 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. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. We use cookies to understand how you use our site and to improve your experience. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). 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. It is essentially the inverse of the P/E ratio. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. 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. A higher number means the more debt a company has compared to its capital structure. 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%). Transocean-GlobalSantaFe Merger. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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. Transocean Ltd. Announces Agreement to Acquire Ocean Rig 8. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Transocean Merger Sparks Consolidation Talk for Other Drillers Our testing substantiates this with the optimum range for price performance between 0-20. Search: Csx Merger Rumors. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. ZacksTrade and Zacks.com are separate companies. Momentum Style - Learn more about the Momentum Style. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. A higher number is better than a lower number. 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.) On average, they predict the company's stock price to reach $5.91 in the next year. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. A ratio of 1 means a company's assets are equal to its liabilities. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. 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% . Once again, cash flow is net income plus depreciation and other non-cash charges. The 1 week price change reflects the collective buying and selling sentiment over the short-term. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. All rights reserved. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Home; Topics. 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. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink Their RIG share price forecasts range from $3.30 to $10.00. This suggests that the stock has a possible downside of 21.3%. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it 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. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . If a company's expenses are growing faster than their sales, this will reduce their margins. Transocean Ltd. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. Growth traders and investors will tend to look for growth rates of 20% or higher. RIG - 24/7 Wall St. 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 cause of this is impossible to tell Transocean will pay approximately $2 . 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 Like earnings, a higher growth rate is better than a lower growth rate. 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Close Menu. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Many other growth items are considered as well. The transaction has been unanimously approved by the board of directors of each company. Export data to Excel for your own analysis. - The Fly. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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).
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