transocean merger rumors transocean merger rumors

Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). On average, they predict the company's stock price to reach $5.91 in the next year. The median P/B ratio for stocks in the S&P is just over 3. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The Momentum Score takes all of this and more into account. The analyzed items go beyond simple trend analysis. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. It measures a company's ability to pay short-term obligations. Sandro Thoma Transocean Ltd. . It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. This measure is expressed as a percentage. 326 E 8th St #105, Sioux Falls, SD 57103 Sign in to your free account to enjoy all that MarketBeat has to offer. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. The merger cleared the DOJ after Compass . American Consumer News, LLC dba MarketBeat 2010-2023. 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. A value under 20 is generally considered good. 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. 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. The PEG ratio is the P/E ratio divided by its growth rate. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. One share of RIG stock can currently be purchased for approximately $7.51. The longer-term perspective helps smooth out short-term events. This is a medium-term price change metric (like the 4 week price change). 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 Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. The Daily Price Change displays the day's percentage price change using the most recently completed close. ZacksTrade and Zacks.com are separate companies. The transaction has been unanimously approved by the board of directors of each company. 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. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. Main Menu; Markets. Transocean has only been the subject of 3 research reports in the past 90 days. In general, the lower the ratio is the better. Grand Cayman, Cayman. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. Date of report (date of earliest event reported): February 15, 2023 . 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. Real-time analyst ratings, insider transactions, earnings data, and more. This is also referred to as the cash yield. Search: Transocean Merger Rumors. The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rigs common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. 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 . Santa Fe Supraco Indonesia, PT. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Transocean has received a consensus rating of Buy. 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. What other stocks do shareholders of Transocean own? At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The Price to Earnings ratio or P/E is price divided by earnings. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) But note, different industries have different margin rates that are considered good. This item is updated at 9 pm EST each day. 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. Washington, D.C. 20549. 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. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? $7.49 Their RIG share price forecasts range from $3.30 to $10.00. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Search: Csx Merger Rumors. 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 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. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. End date: 01/13 . Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. dvelopper et amliorer nos produits et services. 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. Transocean (RIG) Announces $488 Million Addition to Backlog. 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. Growth of $10,000.00. 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Value Style - Learn more about the Value Style. If a company's expenses are growing faster than their sales, this will reduce their margins. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. Once again, cash flow is net income plus depreciation and other non-cash charges. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. It's calculated as earnings divided by price. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Delayed quotes by FIS. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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 . Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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 . Above 1 means it assets are greater than its liabilities. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. Like earnings, a higher growth rate is better than a lower growth rate. 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. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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. In general, a lower number or multiple is usually considered better that a higher one. 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. It is the most commonly used metric for determining a company's value relative to its earnings. Zacks Ranks stocks can, and often do, change throughout the month. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. A D/E ratio of 1 means its debt is equivalent to its common equity. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. The consensus among Wall Street analysts is that investors should "buy" RIG shares. To see all exchange delays and terms of use please see Barchart's disclaimer. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. Close Menu. Transocean shares have a 52-week. What is a Good Dividend Yield? The monthly returns are then compounded to arrive at the annual return. 12.29% of the stock of Transocean is held by insiders. Accordingly, the company's. [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 started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. ROE values, like other values, can vary significantly from one industry to another. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. 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. Islands KY1-1003 +1 (345) 745-4505 . Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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. FORM 8-K. CURRENT REPORT. 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 . 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 Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Search: Csx Merger Rumors. 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. This shows the percentage of profit a company earns on its sales. 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. 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 analyst urged Transocean to use the current market crisis to address these issues with its customers. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. The scores are based on the trading styles of Value, Growth, and Momentum. 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 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. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. are strong. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. Growth Style - Learn more about the Growth Style. While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more.