transocean merger rumors

Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. 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.. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Like most ratios, this number will vary from industry to industry. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Transocean (RIG) Announces $488 Million Addition to Backlog. 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). Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. The proposed $18 billion merger of offshore oil and gas drilling contractors Transocean Inc <RIG.N> and GlobalSantaFe Corp <GSF.N> may spark consolidation, but opinion is split on whether the link . The 1 week price change reflects the collective buying and selling sentiment over the short-term. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! A P/B of 2 means it's selling at 2 times its book value. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. 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. 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 'good' number would usually fall within the range of 1.5 to 3. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Seeing a stock's EPS change over 1 week is important. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. (844) 978-6257. 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 an integral part of the Zacks Rank and a critical part in effective stock evaluation. [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 . Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. are strong. Offshore Drilling: These Rig Companies Could Be Takeover Candidates A higher number is better than a lower number. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. 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 . 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. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". 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. What other stocks do shareholders of Transocean own? Transocean Inc. and GlobalSantaFe Corporation Agree to Combine When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. 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. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Transocean, Globalsantafe To Merge - MarineLink Like earnings, a higher growth rate is better than a lower growth rate. Search: Transocean Merger Rumors. - The Fly. Identify stocks that meet your criteria using seven unique stock screeners. It is essentially the inverse of the P/E ratio. Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. And margin rates can vary significantly across these different groups. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. 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). Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Both floaters are currently stacked. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. In many ways, the market's action of repricing the offshore . Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. Transocean Ltd. (RIG) Latest Stock News & Headlines - Yahoo! The company's mobile offshore drilling. See rankings and related performance below. 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. This longer-term historical perspective lets the user see how a company has grown over time. TransOcean 2: Rivals - Update 1.2 available. Enterprise Value (EV) is Market Capitalization + Debt - Cash. 12.29% of the stock of Transocean is held by insiders. capital one merger rumors It measures a company's ability to pay short-term obligations. Zacks Premium - The way to access to the Zacks Rank. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. Real time prices by BATS. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. The company's press release can be found here. They read the articles and then traced the articles back to the article that . Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. The longer-term perspective helps smooth out short-term events. Breaking News: NE latest news. - The Fly Transocean (RIG) Reports Q4 Loss, Lags Revenue Estimates, Transocean (RIG) Expands Its Backlog to $8.5 billion, Transocean (RIG) Bets on GSR for Deep-Sea Mineral Exploration. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Baker Botts Represents Transocean in Nauticus Robotics' SPAC Merger and Transocean Ltd. This measure is expressed as a percentage. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". Please log in to your account or sign up in order to add this asset to your watchlist.

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