transocean merger rumors transocean merger rumors

EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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. 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. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Cash Flow is net income plus depreciation and other non-cash charges. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. -- Equal representation on 14-member board, chaired by Robert E. Rose. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. The Zacks database contains over 10,000 stocks. 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. Once again, cash flow is net income plus depreciation and other non-cash charges. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Transocean Ltd. But, it's made even more meaningful when looking at the longer-term 4 week percent change. 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%). The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. This item is updated at 9 pm EST each day. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! This suggests that the stock has a possible downside of 21.3%. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. 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 Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. And, of course, the 4 week change helps put the 1 week change into context. Volume is a useful item in many ways. 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. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. dvelopper et amliorer nos produits et services. 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. Jan 7, 2021. 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. If you do not, click Cancel. (844) 978-6257. 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. Like earnings, a higher growth rate is better than a lower growth rate. mesurer votre utilisation de nos sites et applications. Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. On average, they anticipate the company's stock price to reach $5.91 in the next year. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 326 E 8th St #105, Sioux Falls, SD 57103 ROE is always expressed as a percentage. contact@marketbeat.com Visit Performance Disclosure for information about the performance numbers displayed above. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. To see all exchange delays and terms of use please see Barchart's disclaimer. In many ways, the market's action of repricing the offshore . - The Fly. September 19, 2007. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. ROE values, like other values, can vary significantly from one industry to another. 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. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. The 52 week price change is a good reference point. The median P/B ratio for stocks in the S&P is just over 3. RIG News Today | Why did Transocean stock go up today? 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. 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). A D/E ratio of 1 means its debt is equivalent to its common equity. One share of RIG stock can currently be purchased for approximately $7.51. As they say, 'price follows volume'. Our daily ratings and market update email newsletter. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. In addition, Transocean Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). 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. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Main Menu; Markets. Enterprise Value (EV) is Market Capitalization + Debt - Cash. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. A P/B of 0.5 means its selling at half its book value. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Santa Fe Supraco Indonesia, PT. A higher number means the more debt a company has compared to its capital structure. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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. Enterprise Value / Earnings Before Interest, Taxes, Depreciation and Amortization is a valuation metric used to measure a company's value and is helpful in comparing one stock to another. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. Zacks Ranks stocks can, and often do, change throughout the month. The company's mobile offshore drilling. 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 . Our testing substantiates this with the optimum range for price performance between 0-20. American Consumer News, LLC dba MarketBeat 2010-2023. 12.29% of the stock of Transocean is held by insiders. 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% . It's used by investors as a measure of financial health. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Transocean has received a consensus rating of Buy. But note, different industries have different margin rates that are considered good. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Export data to Excel for your own analysis. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. The company was founded in 1926 and is based in Steinhausen,. 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 owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. 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 . That does not mean that all companies with large growth rates will have a favorable Growth Score. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). 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. $7.49 Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. A ratio of 1 means a company's assets are equal to its liabilities. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean shares have a 52-week. If a company's expenses are growing faster than their sales, this will reduce their margins. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. Both floaters are currently stacked. Transocean (RIG) is a Great Momentum Stock: Should You Buy? The Price to Sales ratio or P/S is calculated as price divided by sales. Delayed quotes by FIS. Close Menu. 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. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Zacks Rank Education -- Learn more about the Zacks Rank Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. * indicates the important links in the menu, After-Market: 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 Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The recent price decline of 9.5% in Transocean Ltd.'s (NYSE:RIG) stock may have disappointed insiders who bought US$54m worth of shares at an average price of US$4.19 in the past 12 months.. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. 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. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. 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. In general, the lower the ratio is the better. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. It's then divided by the number of shares outstanding to determine how much cash is generated per share. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. It's packed with all of the company's key stats and salient decision making information. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? In-depth profiles and analysis for 20,000 public companies. It is essentially the inverse of the P/E ratio. For example, a regional bank would be classified in the Finance Sector. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. This is a medium-term price change metric (like the 4 week price change). 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. 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. Accordingly, the company's. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. 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,. 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. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. 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. Transocean (RIG) Announces $488 Million Addition to Backlog. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Shares of RIG stock can be purchased through any online brokerage account. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. We use cookies to understand how you use our site and to improve your experience. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? 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. 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. A ratio of 2 means its assets are twice that of its liabilities. What is a Good Dividend Yield? Visit www.zacksdata.com to get our data and content for your mobile app or website. NYSE and AMEX data is at least 20 minutes delayed. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Sandro Thoma Transocean Ltd. . As the name suggests, it's calculated as sales divided by assets. 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). Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Washington, D.C. 20549. To learn more, click here. A P/B of 2 means it's selling at 2 times its book value. This is also referred to as the cash yield. 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. 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 is an existing investor in Nauticus Robotics and is investing in the PIPE. The official website for the company is www.deepwater.com. This measure is expressed as a percentage. View our RIG earnings forecast. The longer-term perspective helps smooth out short-term events. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. and Nauticus Robotics, Inc., a Texas corporation. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Real time prices by BATS. The Daily Price Change displays the day's percentage price change using the most recently completed close. Strength Seen in Transocean (RIG): Can Its 6.9% Jump Turn into More Strength? These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. These contracts, worth a combined $1.24 billion, span multiple years. 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 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 . There are 17 Sectors, 60 different M Industries, and 265 X Industries. Start date: 01/17/2013. Search: Transocean Merger Rumors. 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.