transocean merger rumors

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. 8 brokerages have issued 12 month target prices for Transocean's shares. In short, this is how much a company is worth. Noble-Maersk merger to create world's third-largest - Offshore Search: Transocean Merger Rumors. How good is it? The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. 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. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Like the P/E ratio, a lower number is considered better. It measures a company's ability to pay short-term obligations. 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 had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! NASDAQ data is at least 15 minutes delayed. As the name suggests, it's calculated as sales divided by assets. capital one merger rumors 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 . Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. Transocean (RIG) Announces $488 Million Addition to Backlog. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? The PEG ratio is the P/E ratio divided by its growth rate. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Cash flow itself is an important item on the income statement. And margin rates can vary significantly across these different groups. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. What is a Good Dividend Yield? 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. 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. In-depth profiles and analysis for 20,000 public companies. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. Home; Topics. Transocean-GlobalSantaFe Merger - Compass Lexecon TransOcean - Official Website The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. World's Biggest Offshore Drilling Companies | Zeymarine A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. View which stocks are hot on social media with MarketBeat's trending stocks report. Transocean : SpareBank 1 Markets 2023 Energy Conference Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. This includes personalizing content and advertising. Transocean, Globalsantafe To Merge - MarineLink House, 4th Floor. $7.49 Transocean bonds surge as driller says it has cured default allegations Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. 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. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A P/B of 2 means it's selling at 2 times its book value. If you do not, click Cancel. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. In general, a lower number or multiple is usually considered better that a higher one. Jan 7, 2021. On Monday, two U.S. discount airlines announced plans to merge. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Santa Fe Supraco Indonesia, PT. Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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. Their RIG share price forecasts range from $3.30 to $10.00. 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. 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. ROE is always expressed as a percentage. 7:58 PM ET. 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. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Like earnings, a higher growth rate is better than a lower growth rate. The 20 day average establishes this baseline. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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%. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. In general, the lower the ratio is the better. Momentum Style - Learn more about the Momentum Style. They read the articles and then traced the articles back to the article that . This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Transocean Merger Rumors - zgy.protesidentali.novara.it Both floaters are currently stacked. ROE values, like other values, can vary significantly from one industry to another. Volume is a useful item in many ways. Search: Csx Merger Rumors. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. What is Transocean's stock price forecast for 2023? Seeing a stock's EPS change over 1 week is important. For one, part of trading is being able to get in and out of a stock easily. Pursuant to Section 13 or 15 (d) of. Luigs and the midwater floater Songa Delta. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It's calculated as earnings divided by price. Ventura Makes Personal Testimony. Transocean Ltd. Announces Agreement to Acquire Ocean Rig Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq A higher number means the more debt a company has compared to its capital structure. Transocean does not currently pay a dividend. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. and Nauticus Robotics, Inc., a Texas corporation. This is a medium-term price change metric. A high percentage of insider ownership can be a sign of company health. Transocean Stock Split History Identify stocks that meet your criteria using seven unique stock screeners. Above 1 means it assets are greater than its liabilities. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 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. 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. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. 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). Should I buy or sell Transocean stock right now? 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. 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. 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Transocean Inc. 36C Dr. Roy's Drive, Bermuda. A 'good' number would usually fall within the range of 1.5 to 3. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Transocean Mergers and Acquisitions Summary | Mergr The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Delayed quotes by FIS. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. 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. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. The monthly returns are then compounded to arrive at the annual return. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. The company's press release can be found here. Shares of RIG stock can be purchased through any online brokerage account. The company was founded in 1926 and is based in Steinhausen,. are strong. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. 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. 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. The 52 week price change is a good reference point. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it dvelopper et amliorer nos produits et services. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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 . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The Current Ratio is defined as current assets divided by current liabilities. Transocean faces possible 'liquidity crisis' amid debt repayment Please log in to your account or sign up in order to add this asset to your watchlist. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra Rumors - Latest News and breaking headlines - Benzinga According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. 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. 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 Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. This item is updated at 9 pm EST each day. mesurer votre utilisation de nos sites et applications. NYSE and AMEX data is at least 20 minutes delayed. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The company employs 5,530 workers across the globe. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? That means these items are added back into the net income to produce this earnings number. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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. 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. - The Fly. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. 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. How were Transocean's earnings last quarter? 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. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. Export data to Excel for your own analysis. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. 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. 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. Visit Performance Disclosure for information about the performance numbers displayed above. 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. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). Transocean Merger Sparks Consolidation Talk for Other Drillers View RIG analyst ratings or view top-rated stocks. Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. 55.16% of the stock of Transocean is held by institutions. Based upon closing prices for each. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Transocean Partners - Products, Competitors, Financials, Employees High institutional ownership can be a signal of strong market trust in this company. Our testing substantiates this with the optimum range for price performance between 0-20. 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. Search: Transocean Merger Rumors. 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Net Margin is defined as net income divided by sales. Transocean has only been the subject of 3 research reports in the past 90 days. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. 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. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. But, it's made even more meaningful when looking at the longer-term 4 week percent change. This shows the percentage of profit a company earns on its sales. The transaction has been unanimously approved by the board of directors of each company. 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. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. View institutional ownership trends. This is a medium-term price change metric (like the 4 week price change). Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. The consensus among Wall Street analysts is that investors should "buy" RIG shares. FREE Breaking News Alerts from StreetInsider.com! The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, 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) 0.6996 . 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.

Teryl Rothery Eye Injury, John Aldridge Obituary, Married Val Sweeting Husband, Articles T