transocean merger rumors

Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 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. Transocean Merger Rumors And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. But they all have their place in the Growth 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Transocean, GlobalSantaFe in merger deal - ibtimes.com A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. The Daily Price Change displays the day's percentage price change using the most recently completed close. are strong. Ventura Makes Personal Testimony. 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 20 day average establishes this baseline. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. 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. Search: Transocean Merger Rumors. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance The 52 week price change is a good reference point. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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 Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Transocean has received a consensus rating of Buy. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Noble-Maersk merger to create world's third-largest - Offshore 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. Transocean Ltd. Breaking News: NE latest news. - The Fly 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. Get short term trading ideas from the MarketBeat Idea Engine. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. Transocean Ltd. RIG News Today | Why did Transocean stock go up today? - MarketBeat Why JetBlue Shares Are Up Today | The Motley Fool ROE is always expressed as a percentage. After the P/E ratio, it's one of the most common valuation metrics. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? One share of RIG stock can currently be purchased for approximately $7.51. Transocean Ltd. Announces Agreement to Acquire Ocean Rig It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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% . Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Transocean bonds surge as driller says it has cured default allegations But, it's made even more meaningful when looking at the longer-term 4 week percent change. 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. Search: Csx Merger Rumors. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Cash Flow is a measurement of a company's health. 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. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Value Style - Learn more about the Value Style. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. All of those stocks are classified into three groups: Sector, M Industry and X Industry. The new company, which will operate under the Transocean name, will combine the largest. dvelopper et amliorer nos produits et services. This item is updated at 9 pm EST each day. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. 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. View RIG analyst ratings or view top-rated stocks. The company employs 5,530 workers across the globe. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Transocean's stock is owned by a variety of retail and institutional investors. A high percentage of insider ownership can be a sign of company health. 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. A higher number is better than a lower number. 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. Santa Fe Supraco Indonesia, PT. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Transocean (RIG) Stock Soars on New Contract Announcements Like earnings, a higher growth rate is better than a lower growth rate. 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.) Sign in to your free account to enjoy all that MarketBeat has to offer. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. It is the most commonly used metric for determining a company's value relative to its earnings. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Get daily stock ideas from top-performing Wall Street analysts. It's used by investors as a measure of financial health. If a company's expenses are growing faster than their sales, this will reduce their margins. 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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. In general, a lower number or multiple is usually considered better that a higher one. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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). Like most ratios, this number will vary from industry to industry. Transocean Stock Split History 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%). The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Transocean faces possible 'liquidity crisis' amid debt repayment Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Cash flow itself is an important item on the income statement. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Transocean/R&B Falcon Merger To Create Largest Offshore Driller 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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. We use cookies to understand how you use our site and to improve your experience. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. The median P/B ratio for stocks in the S&P is just over 3. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. (844) 978-6257. The Momentum Score takes all of this and more into account. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Earnings estimate revisions are the most important factor influencing stocks prices. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Date of report (date of earliest event reported): February 15, 2023 . 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. 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). In-depth profiles and analysis for 20,000 public companies. $7.49 A P/B of 1 means it's selling at its per share book value. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. It's calculated as earnings divided by price. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". So be sure to compare it to its group when comparing stocks in different industries. This shows the percentage of profit a company earns on its sales. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. The merger is not subject to any financing condition. Transocean wraps up $2.7B Ocean Rig acquisition 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. 2018_09_04_rig_8-k - Sec But when compared to its growth rate, it does't have the earnings growth to justify its P/E. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. View which stocks are hot on social media with MarketBeat's trending stocks report. Our daily ratings and market update email newsletter. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. Transocean has a P/B Ratio of 0.51. 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. 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. What other stocks do shareholders of Transocean own? Transocean Beats Investors' Merger Suit Over Safety Record That means these items are added back into the net income to produce this earnings number. Seeing a stock's EPS change over 1 week is important. International Mexico S. de R.L. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. See rankings and related performance below. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out Transocean-GlobalSantaFe Merger - Compass Lexecon Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. They read the articles and then traced the articles back to the article that . contact@marketbeat.com This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. 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. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Like the P/E ratio, a lower number is considered better. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. 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 . Based upon closing prices for each. 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. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Main Menu; Markets. Transocean - Latest oil and gas news | Upstream Online 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. During the same period in the previous year, the company posted ($0.19) EPS. September 19, 2007. 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. 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 The 1 week price change reflects the collective buying and selling sentiment over the short-term. End date: 01/13 . Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. 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. With Dividends Reinvested. 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. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq and Nauticus Robotics, Inc., a Texas corporation. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. 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. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy . Accordingly, the company's. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not.