transocean merger rumors transocean merger rumors

This includes personalizing content and advertising. 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. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. And, of course, the 4 week change helps put the 1 week change into context. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. The merger is not subject to any financing condition. 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. Below, we examine the compound annual growth rate CAGR for short of an investment into Transocean shares, starting with a $10,000 purchase of RIG, presented on a split-history-adjusted basis factoring in the complete Transocean stock split history. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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. Compare Top Brokerages Here. And margin rates can vary significantly across these different groups. Like the P/E ratio, a lower number is considered better. 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). They read the articles and then traced the articles back to the article that . Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. 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. Breaking News: NE latest news. 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. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. 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). This allows the investor to be as broad or as specific as they want to be when selecting stocks. The merger cleared the DOJ after Compass . Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. A value greater than 1, in general, is not as good (overvalued to its growth rate). 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. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. Earnings estimate revisions are the most important factor influencing stocks prices. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Delayed quotes by FIS. A P/B of 0.5 means its selling at half its book value. Net Margin is defined as net income divided by sales. 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. Sandro Thoma Transocean Ltd. . During the same period in the previous year, the company posted ($0.19) EPS. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean Ltd. RIG News Today | Why did Transocean stock go up today? 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. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. . Get daily stock ideas from top-performing Wall Street analysts. Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. A higher number is better than a lower number. In general, the lower the ratio is the better. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. The Momentum Score takes all of this and more into account. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Of course, different industries will have different growth rates that are considered good. 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. Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. 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. This is also referred to as the cash yield. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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. In general, a lower number or multiple is usually considered better that a higher one. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Shares of RIG stock can be purchased through any online brokerage account. Transocean Ltd. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. below): Written communications pursuant to Rule 425 under . It's used by investors as a measure of financial health. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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,. Their RIG share price forecasts range from $3.30 to $10.00. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. With Dividends Reinvested. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The cause of this is impossible to tell Transocean will pay approximately $2 . Start date: 01/17/2013. Transocean (RIG) is a Great Momentum Stock: Should You Buy? (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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. Islands KY1-1003 +1 (345) 745-4505 . There are currently 4 hold ratings and 4 buy ratings for the stock. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Transocean has only been the subject of 3 research reports in the past 90 days. The scores are based on the trading styles of Value, Growth, and Momentum. Their RIG share price forecasts range from $3.30 to $10.00. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. 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. 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. But, it's made even more meaningful when looking at the longer-term 4 week percent change. A ratio of 2 means its assets are twice that of its liabilities. 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. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. ROE values, like other values, can vary significantly from one industry to another. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Get short term trading ideas from the MarketBeat Idea Engine. 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. 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. Cash flow itself is an important item on the income statement. The new company, which will operate under the Transocean name, will combine the largest. For one, part of trading is being able to get in and out of a stock easily. What other stocks do shareholders of Transocean own? Transocean has received a consensus rating of Buy. As they say, 'price follows volume'. Learn more about Zacks Equity Research reports. Washington, D.C. 20549. That does not mean that all companies with large growth rates will have a favorable Growth Score. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . If you wish to go to ZacksTrade, click OK. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. House, 4th Floor. [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 . No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Seeing a stock's EPS change over 1 week is important. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. The consensus among Wall Street analysts is that investors should "buy" RIG shares. -0.02 (-0.27%) 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. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. 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View our RIG earnings forecast. * indicates the important links in the menu, After-Market: Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited.