30 Mar

transocean merger rumors

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 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. FREE Breaking News Alerts from StreetInsider.com! Please log in to your account or sign up in order to add this asset to your watchlist. 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. Transocean's stock was trading at $4.56 at the start of the year. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Transocean has received a consensus rating of Buy. American Consumer News, LLC dba MarketBeat 2010-2023. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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%). Dear Community, the latest update for TransOcean 2: Rivals just set sail today! (844) 978-6257. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 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. 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. Both floaters are currently stacked. Compare Top Brokerages Here. View RIG analyst ratings or view top-rated stocks. How were Transocean's earnings last quarter? Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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. 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 merger is not subject to any financing condition. Search: Csx Merger Rumors. A P/B of 2 means it's selling at 2 times its book value. Transocean Merger Sparks Consolidation Talk for Other Drillers Their RIG share price forecasts range from $3.30 to $10.00. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. A ratio of 1 means a company's assets are equal to its liabilities. Pursuant to Section 13 or 15 (d) of. If a company's expenses are growing faster than their sales, this will reduce their margins. The analyst urged Transocean to use the current market crisis to address these issues with its customers. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Transocean bonds surge as driller says it has cured default allegations 2018_09_04_rig_8-k - Sec DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . Like the P/E ratio, a lower number is considered better. End date: 01/13 . [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 . 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. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. Value Style - Learn more about the Value Style. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean's stock is owned by a variety of retail and institutional investors. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. Momentum Style - Learn more about the Momentum Style. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. capital one merger rumors The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. And, of course, the 4 week change helps put the 1 week change into context. That does not mean that all companies with large growth rates will have a favorable Growth Score. But, typically, an aggressive growth trader will be interested in the higher growth rates. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Luigs and the midwater floater Songa Delta. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week Transocean faces possible 'liquidity crisis' amid debt repayment The longer-term perspective helps smooth out short-term events. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) are strong. View which stocks are hot on social media with MarketBeat's trending stocks report. Transocean : SpareBank 1 Markets 2023 Energy Conference capital one merger rumors 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. 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. As they say, 'price follows volume'. 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. Cash flow itself is an important item on the income statement. 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. A P/B of 0.5 means its selling at half its book value. Transocean Ltd. (RIG) Stock Price Today, Quote & News There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Search: Transocean Merger Rumors. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. What is Transocean's stock price forecast for 2023? Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. FORM 8-K. CURRENT REPORT. 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. 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. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Delayed quotes by FIS. 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. Transocean Merger Rumors - zgy.protesidentali.novara.it This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The PEG ratio is the P/E ratio divided by its growth rate. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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. 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. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. 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. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. What Predicts That A Company Merger Rumor Will Come True? - Forbes Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. If you do not, click Cancel. Real time prices by BATS. High institutional ownership can be a signal of strong market trust in this company. RIG News Today | Why did Transocean stock go up today? 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. 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.