transocean merger rumorstransocean merger rumors

A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. 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. Sandro Thoma Transocean Ltd. . The income number is listed on a company's Income Statement. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. 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. The company's mobile offshore drilling. These contracts, worth a combined $1.24 billion, span multiple years. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Visit Performance Disclosure for information about the performance numbers displayed above. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. They read the articles and then traced the articles back to the article that . How good is it? A high percentage of insider ownership can be a sign of company health. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Accordingly, the company's. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. 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. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. 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. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Transocean shares have a 52-week. 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. 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. 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. Transocean's stock is owned by a variety of retail and institutional investors. and Nauticus Robotics, Inc., a Texas corporation. 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. 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 Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Growth of $10,000.00. Of course, different industries will have different growth rates that are considered good. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF] In case of mergers, some states required a unanimous vote of shareholders However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service . 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. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. A value greater than 1, in general, is not as good (overvalued to its growth rate). Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). There are currently 4 hold ratings and 4 buy ratings for the stock. This is a longer-term price change metric. Compare Top Brokerages Here. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. How were Transocean's earnings last quarter? A ratio of 1 means a company's assets are equal to its liabilities. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. And margin rates can vary significantly across these different groups. 326 E 8th St #105, Sioux Falls, SD 57103 But when compared to its growth rate, it does't have the earnings growth to justify its P/E. What other stocks do shareholders of Transocean own? -- Equal representation on 14-member board, chaired by Robert E. Rose. In general, the lower the ratio is the better. This longer-term historical perspective lets the user see how a company has grown over time. This is a medium-term price change metric (like the 4 week price change). Nous, Yahoo, faisons partie de la famille de marques Yahoo. Cash Flow is a measurement of a company's health. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. 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. Sign in to your free account to enjoy all that MarketBeat has to offer. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Close Menu. Like the P/E ratio, a lower number is considered better. The company was founded in 1926 and is based in Steinhausen,. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. $7.49 Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. So be sure to compare it to its group when comparing stocks in different industries. Both floaters are currently stacked. Transocean has a P/B Ratio of 0.51. 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 The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 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.) For example, a regional bank would be classified in the Finance Sector. The monthly returns are then compounded to arrive at the annual return. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. Main Menu; Markets. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. 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. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. A 'good' number would usually fall within the range of 1.5 to 3. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Many other growth items are considered as well. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Export data to Excel for your own analysis. Growth traders and investors will tend to look for growth rates of 20% or higher. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. During the same period in the previous year, the company posted ($0.19) EPS. 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. Zacks Premium - The way to access to the Zacks Rank. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. RIG News Today | Why did Transocean stock go up today? Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. It's also commonly referred to as a 'liquidity ratio'. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. Home; Topics. Should I buy or sell Transocean stock right now? M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Cash flow can be found on the cash flow statement. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. below): Written communications pursuant to Rule 425 under . The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. View RIG analyst ratings or view top-rated stocks. September 19, 2007. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. are strong. 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. 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. 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. 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. Transocean Ltd. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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,. In this case, it's the cash flow growth that's being looked at. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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. 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. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. Search: Transocean Merger Rumors. The 1 week price change reflects the collective buying and selling sentiment over the short-term. * indicates the important links in the menu, After-Market: 55.16% of the stock of Transocean is held by institutions. A higher number is better than a lower number. Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) If you wish to go to ZacksTrade, click OK. 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. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. FORM 8-K. CURRENT REPORT. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. A P/B of 1 means it's selling at its per share book value. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Get short term trading ideas from the MarketBeat Idea Engine. This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Our daily ratings and market update email newsletter. Zscaler, Inc Plummets, Is It Time To Buy The Dip? The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . The stock has recently been. 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 . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Transocean's stock was trading at $4.56 at the start of the year. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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. The merger cleared the DOJ after Compass . Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. Ventura Makes Personal Testimony. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The Daily Price Change displays the day's percentage price change using the most recently completed close. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. The company employs 5,530 workers across the globe. 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. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 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%). Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. 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. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. As the name suggests, it's calculated as sales divided by assets. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. 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 . 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 . A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. It measures a company's ability to pay short-term obligations. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The merger is not subject to any financing condition. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. 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. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. 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. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.)

Is Bonito Lake Open 2021, Kelly Lewis Therapist, Articles T