transocean merger rumors
In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. The cause of this is impossible to tell Transocean will pay approximately $2 . Like most ratios, this number will vary from industry to industry. Sign in to your free account to enjoy all that MarketBeat has to offer. Value Style - Learn more about the Value Style. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Luigs and the midwater floater Songa Delta. Learn more about Zacks Equity Research reports. 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. 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. Sandro Thoma Transocean Ltd. . The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. -- Equal representation on 14-member board, chaired by Robert E. Rose. What is a Good Dividend Yield? Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. We use cookies to understand how you use our site and to improve your experience. A ratio of 2 means its assets are twice that of its liabilities. 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. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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 Their RIG share price forecasts range from $3.30 to $10.00. This includes personalizing content and advertising. Islands KY1-1003 +1 (345) 745-4505 . Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. Transocean (RIG) is a Great Momentum Stock: Should You Buy? -0.02 (-0.27%) Breaking News: NE latest news. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 7:58 PM ET. 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 . This item is updated at 9 pm EST each day. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Real-time analyst ratings, insider transactions, earnings data, and more. With Dividends Reinvested. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. Transocean-GlobalSantaFe Merger. 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. On average, they anticipate the company's stock price to reach $5.91 in the next year. Seeing a stock's EPS change over 1 week is important. But, it's made even more meaningful when looking at the longer-term 4 week percent change. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. What is Transocean's stock price forecast for 2023? 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. After the P/E ratio, it's one of the most common valuation metrics. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. How were Transocean's earnings last quarter? Start date: 01/17/2013. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. [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 . A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. 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. The merger is not subject to any financing condition. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Transocean's stock is owned by a variety of retail and institutional investors. The scores are based on the trading styles of Value, Growth, and Momentum. 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., 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. This allows the investor to be as broad or as specific as they want to be when selecting stocks. This is a medium-term price change metric. 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 . 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. 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Zacks Style Scores Education - Learn more about the Zacks Style Scores. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Ventura Makes Personal Testimony. View which stocks are hot on social media with MarketBeat's trending stocks report. On Monday, two U.S. discount airlines announced plans to merge. In short, this is how much a company is worth. Cash Flow is net income plus depreciation and other non-cash charges. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. The merger cleared the DOJ after Compass . This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. View our RIG earnings forecast. This is a longer-term price change metric. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. A P/B of 0.5 means its selling at half its book value. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). The income number is listed on a company's Income Statement. If a company's expenses are growing faster than their sales, this will reduce their margins. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. One share of RIG stock can currently be purchased for approximately $7.51. 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. Washington, D.C. 20549. The PEG ratio is the P/E ratio divided by its growth rate. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . But, typically, an aggressive growth trader will be interested in the higher growth rates. 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. Pursuant to Section 13 or 15 (d) of. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. So the PEG ratio tells you what you're paying for each unit of earnings growth. View the best growth stocks for 2023 here. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. mesurer votre utilisation de nos sites et applications. 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. International Mexico S. de R.L. A value greater than 1, in general, is not as good (overvalued to its growth rate). The Price to Earnings ratio or P/E is price divided by earnings. 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 . 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. 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,. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 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. Get short term trading ideas from the MarketBeat Idea Engine. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Of course, different industries will have different growth rates that are considered good. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo The 1 week price change reflects the collective buying and selling sentiment over the short-term. This is also commonly referred to as the Asset Utilization ratio. Search: Csx Merger Rumors. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. 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. They read the articles and then traced the articles back to the article that . The analyzed items go beyond simple trend analysis. Transocean does not have a long track record of dividend growth. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. In general, a lower number or multiple is usually considered better that a higher one. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 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.
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