transocean merger rumors

What is Jeremy D. Thigpen's approval rating as Transocean's CEO? M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo 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. 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. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. It is used to help gauge a company's financial health. Like most ratios, this number will vary from industry to industry. A higher number means the more debt a company has compared to its capital structure. As they say, 'price follows volume'. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. The Momentum Score takes all of this and more into account. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. It's calculated as earnings divided by price. RIG News Today | Why did Transocean stock go up today? ROE is always expressed as a percentage. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. 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. Growth Style - Learn more about the Growth Style. These returns cover a period from January 1, 1988 through January 2, 2023. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its 8 equities research analysts have issued 1 year target prices for Transocean's shares. View RIG analyst ratings or view top-rated stocks. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This includes personalizing content and advertising. Once again, cash flow is net income plus depreciation and other non-cash charges. It measures a company's ability to pay short-term obligations. These contracts, worth a combined $1.24 billion, span multiple years. Real-time analyst ratings, insider transactions, earnings data, and more. 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 . - The Fly. So be sure to compare it to its group when comparing stocks in different industries. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. The official website for the company is www.deepwater.com. -0.02 (-0.27%) The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. But note, different industries have different margin rates that are considered good. and Nauticus Robotics, Inc., a Texas corporation. As the name suggests, it's calculated as sales divided by assets. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. During the same period in the previous year, the company posted ($0.19) EPS. It's also commonly referred to as a 'liquidity ratio'. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. NYSE and AMEX data is at least 20 minutes delayed. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. For example, a regional bank would be classified in the Finance Sector. Cash flow itself is an important item on the income statement. Date of report (date of earliest event reported): February 15, 2023 . It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Transocean has only been the subject of 3 research reports in the past 90 days. If a company's expenses are growing faster than their sales, this will reduce their margins. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 8. Seeing a stock's EPS change over 1 week is important. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Learn more about Zacks Equity Research reports. 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 . Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? And, of course, the 4 week change helps put the 1 week change into context. Pursuant to Section 13 or 15 (d) of. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). Transocean Ltd. The merger cleared the DOJ after Compass . 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.) Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Value Style - Learn more about the Value Style. 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. 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. Transocean-GlobalSantaFe Merger. 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. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. Our testing substantiates this with the optimum range for price performance between 0-20. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Real time prices by BATS. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). Enterprise Value (EV) is Market Capitalization + Debt - Cash. So the PEG ratio tells you what you're paying for each unit of earnings growth. Get short term trading ideas from the MarketBeat Idea Engine. The Daily Price Change displays the day's percentage price change using the most recently completed close. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. In general, a lower number or multiple is usually considered better that a higher one. Jan 7, 2021. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. Please log in to your account or sign up in order to add this asset to your watchlist. This measure is expressed as a percentage. $7.49 What other stocks do shareholders of Transocean own? 12.29% of the stock of Transocean is held by insiders. The scores are based on the trading styles of Value, Growth, and Momentum. Search: Transocean Merger Rumors. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. 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. Search: Csx Merger Rumors. Search: Csx Merger Rumors. 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. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. A ratio of 1 means a company's assets are equal to its liabilities. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. This suggests that the stock has a possible downside of 16.5%. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. (844) 978-6257. Shares of RIG stock can be purchased through any online brokerage account. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Their RIG share price forecasts range from $3.30 to $10.00. 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. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. 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. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4. 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. 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). Export data to Excel for your own analysis. There are currently 4 hold ratings and 4 buy ratings for the stock. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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. In many ways, the market's action of repricing the offshore . We use cookies to understand how you use our site and to improve your experience. 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 $2.7 billion, inclusive of Ocean Rigs net debt. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. For one, part of trading is being able to get in and out of a stock easily. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. The 52 week price change is a good reference point. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). 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. 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. This is a longer-term price change metric. mesurer votre utilisation de nos sites et applications. This is a medium-term price change metric. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. That means these items are added back into the net income to produce this earnings number. Transocean (NYSE:RIG) Shares Gap Down to $6.75, Transocean (RIG) Incurs Wider-Than-Expected Loss in Q4, Recent 3.7% pullback isn't enough to hurt long-term Transocean (NYSE:RIG) shareholders, they're still up 91% over 1 year, Transocean (NYSE:RIG) Price Target Increased to $6.00 by Analysts at Susquehanna, Transocean (NYSE:RIG) PT Lowered to $6.00, Transocean (NYSE:RIG) Stock Price Down 12.7% Following Weak Earnings, Transocean (RIG) Q4 2022 Earnings Call Transcript, BREAKING: Tiny biotech successfully treats blindness, Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates.

Kyle The Challenge Chin Implant, James Goldcrown Prints Uk, Articles T