transocean merger rumors transocean merger rumors

Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Transocean : SpareBank 1 Markets 2023 Energy Conference Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Transocean Merger Sparks Consolidation Talk for Other Drillers The merger is not subject to any financing condition. But note, different industries have different margin rates that are considered good. 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 combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. . A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Their RIG share price forecasts range from $3.30 to $10.00. Transocean denies R&B merger speculation | TradeWinds 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. It's calculated as earnings divided by price. capital one merger rumors 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. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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. How were Transocean's earnings last quarter? The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. 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. Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, 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 srocks with the highest probability of success. This suggests that the stock has a possible downside of 21.3%. 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. 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Of course, different industries will have different growth rates that are considered good. Our testing substantiates this with the optimum range for price performance between 0-20. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Transocean Partners - Products, Competitors, Financials, Employees The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Transocean's stock was trading at $4.56 at the start of the year. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 8 brokerages have issued 12 month target prices for Transocean's shares. So the PEG ratio tells you what you're paying for each unit of earnings growth. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. 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 . Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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. View institutional ownership trends. RIG - 24/7 Wall St. The PEG ratio is the P/E ratio divided by its growth rate. Get short term trading ideas from the MarketBeat Idea Engine. These contracts, worth a combined $1.24 billion, span multiple years. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Compare Top Brokerages Here. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Islands KY1-1003 +1 (345) 745-4505 . The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . We use cookies to understand how you use our site and to improve your experience. So be sure to compare it to its group when comparing stocks in different industries. 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. 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. Search: Transocean Merger Rumors. 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. 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. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Value Style - Learn more about the Value Style. Shares of RIG stock can be purchased through any online brokerage account. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Washington, D.C. 20549. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. What is a Good Dividend Yield? 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. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. Search: Csx Merger Rumors. 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.) Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Our daily ratings and market update email newsletter. Transocean (RIG) Stock Soars on New Contract Announcements Growth traders and investors will tend to look for growth rates of 20% or higher. Transocean's stock is owned by a variety of retail and institutional investors. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Home; Topics. The Price to Earnings ratio or P/E is price divided by earnings. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The 1 week price change reflects the collective buying and selling sentiment over the short-term. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Transocean, Globalsantafe To Merge - MarineLink 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. Transocean does not have a long track record of dividend growth. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, 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. 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. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Zacks Rank Education -- Learn more about the Zacks Rank Based upon closing prices for each. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. View which stocks are hot on social media with MarketBeat's trending stocks report. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. 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). (1) Per Transoceans internal rig ranking model. One share of RIG stock can currently be purchased for approximately $7.51. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Seeing a stock's EPS change over 1 week is important. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! 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,. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. All rights reserved. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq Should I buy or sell Transocean stock right now? It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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). The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Search: Csx Merger Rumors. Transocean Ltd. (RIG) Stock Price Today, Quote & News This is a medium-term price change metric (like the 4 week price change). The Price to Sales ratio or P/S is calculated as price divided by sales. 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. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. The analyzed items go beyond simple trend analysis. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. On Monday, two U.S. discount airlines announced plans to merge. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. On average, they anticipate the company's stock price to reach $5.91 in the next year. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. 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 . Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Sandro Thoma Transocean Ltd. . Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd 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. In this case, it's the cash flow growth that's being looked at. House, 4th Floor. 2018_09_04_rig_8-k - Sec 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. 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. 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. In-depth profiles and analysis for 20,000 public companies. 12.29% of the stock of Transocean is held by insiders. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Get daily stock ideas from top-performing Wall Street analysts. Transocean Beats Investors' Merger Suit Over Safety Record Transocean Completes Merger With GlobalSantaFe | Hart Energy 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.. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. It is the most commonly used metric for determining a company's value relative to its earnings. The 52 week price change is a good reference point. A P/B of 1 means it's selling at its per share book value. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. All of those stocks are classified into three groups: Sector, M Industry and X Industry. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. * indicates the important links in the menu, After-Market: Start date: 01/17/2013. In many ways, the market's action of repricing the offshore . In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 7:58 PM ET. 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. 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. The income number is listed on a company's Income Statement. Breaking News: NE latest news. - The Fly afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. In short, this is how much a company is worth. What is Transocean's stock price forecast for 2023? This is a longer-term price change metric. The longer-term perspective helps smooth out short-term events. 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. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. A P/B of 2 means it's selling at 2 times its book value. TransOcean 2: Rivals - Update 1.2 available. 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Accordingly, the company's. Export data to Excel for your own analysis. 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. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd 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). It is used to help gauge a company's financial health. To see all exchange delays and terms of use please see Barchart's disclaimer. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. View the best growth stocks for 2023 here. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. 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. A value under 20 is generally considered good. American Consumer News, LLC dba MarketBeat 2010-2023. Above 1 means it assets are greater than its liabilities. A ratio of 2 means its assets are twice that of its liabilities. Identify stocks that meet your criteria using seven unique stock screeners. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. September 19, 2007. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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 RIG News Today | Why did Transocean stock go up today? - MarketBeat 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). Form 8-K Transocean Ltd. For: Feb 15 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. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Earnings estimate revisions are the most important factor influencing stocks prices. It is essentially the inverse of the P/E ratio. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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. 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. How good is it? It's also commonly referred to as a 'liquidity ratio'. Date of report (date of earliest event reported): February 15, 2023 .