transocean merger rumors

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. Please log in to your account or sign up in order to add this asset to your watchlist. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. RIG News Today | Why did Transocean stock go up today? The Zacks database contains over 10,000 stocks. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. Rumors - Latest News and breaking headlines - Benzinga Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? A 'good' number would usually fall within the range of 1.5 to 3. Delayed quotes by FIS. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Insiders who placed huge bets on Transocean Ltd. (NYSE:RIG - Nasdaq Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, 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 srocks with the highest probability of success. It's then divided by the number of shares outstanding to determine how much cash is generated per share. This suggests that the stock has a possible downside of 16.5%. This is also commonly referred to as the Asset Utilization ratio. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Santa Fe Supraco Indonesia, PT. Grand Cayman, Cayman. 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. After the P/E ratio, it's one of the most common valuation metrics. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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. The consensus among Wall Street analysts is that investors should "buy" RIG shares. 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. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. 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. Many other growth items are considered as well. Search: Csx Merger Rumors. Their RIG share price forecasts range from $3.30 to $10.00. 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. It measures a company's ability to pay short-term obligations. Projected EPS Growth looks at the estimated growth rate for one year. How good is it? MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 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. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. 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 Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. Zacks Style Scores Education - Learn more about the Zacks Style Scores. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Zacks Premium - The way to access to the Zacks Rank. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. What is Transocean's stock price forecast for 2023? Real time prices by BATS. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. 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. 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. Sign in to your free account to enjoy all that MarketBeat has to offer. On average, they predict the company's stock price to reach $5.91 in the next year. Transocean, Globalsantafe To Merge - MarineLink 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 Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. The Momentum Score takes all of this and more into account. A high percentage of insider ownership can be a sign of company health. Transocean (RIG) Stock Soars on New Contract Announcements Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. Zacks Ranks stocks can, and often do, change throughout the month. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine [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 . Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . FREE Breaking News Alerts from StreetInsider.com! The merger cleared the DOJ after Compass . They read the articles and then traced the articles back to the article that . Transocean-GlobalSantaFe Merger - Compass Lexecon 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. The merger is not subject to any financing condition. Should I buy or sell Transocean stock right now? This item is updated at 9 pm EST each day. A P/B of 2 means it's selling at 2 times its book value. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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. 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. 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. 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 . Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Zacks Rank Education -- Learn more about the Zacks Rank It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. 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. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). 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. 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. capital one merger rumors This allows the investor to be as broad or as specific as they want to be when selecting stocks. Noble-Maersk merger to create world's third-largest - Offshore It's packed with all of the company's key stats and salient decision making information. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. 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. September 19, 2007. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger 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% . 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 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. Search: Transocean Merger Rumors. 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 It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. 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. 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 . Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. 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. 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. 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. 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. The monthly returns are then compounded to arrive at the annual return. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Get short term trading ideas from the MarketBeat Idea Engine. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. Cash flow can be found on the cash flow statement. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries.

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