transocean merger rumors transocean merger rumors

NASDAQ data is at least 15 minutes delayed. This measure is expressed as a percentage. September 19, 2007. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Transocean (RIG) Announces $488 Million Addition to Backlog. It's also commonly referred to as a 'liquidity ratio'. Islands KY1-1003 +1 (345) 745-4505 . Transocean has received a consensus rating of Buy. Both floaters are currently stacked. For example, a regional bank would be classified in the Finance Sector. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. Visit www.zacksdata.com to get our data and content for your mobile app or website. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. A value under 20 is generally considered good. 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. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. Our daily ratings and market update email newsletter. 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Like the P/E ratio, a lower number is considered better. Compare Top Brokerages Here. It's then divided by the number of shares outstanding to determine how much cash is generated per share. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. 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). Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. 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 Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. 8 equities research analysts have issued 1 year target prices for Transocean's shares. 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 The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. This is also referred to as the cash yield. Shares of RIG stock can be purchased through any online brokerage account. 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 . What is Transocean's stock price forecast for 2023? The company was founded in 1926 and is based in Steinhausen,. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. This allows the investor to be as broad or as specific as they want to be when selecting stocks. are strong. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. * indicates the important links in the menu, After-Market: de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. After the P/E ratio, it's one of the most common valuation metrics. Grand Cayman, Cayman. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. It's used by investors as a measure of financial health. Washington, D.C. 20549. Momentum Style - Learn more about the Momentum Style. Main Menu; Markets. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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 While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. It is essentially the inverse of the P/E ratio. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. The Zacks database contains over 10,000 stocks. 55.16% of the stock of Transocean is held by institutions. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Value Style - Learn more about the Value Style. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. 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. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship 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. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. We use cookies to understand how you use our site and to improve your experience. Transocean shares have a 52-week. 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. Growth traders and investors will tend to look for growth rates of 20% or higher. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Growth Style - Learn more about the Growth Style. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The cause of this is impossible to tell Transocean will pay approximately $2 aripiprazole 2 mg side effects fycompa A galactic merger would have altered the structure of PGC 6240 and would have also triggered an increased level of star formation, which would explain the composition of the globular clusters On this episode of the Sofa King Podcast, we talk about one . Transocean does not currently pay a dividend. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Learn more about Zacks Equity Research reports. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? A P/B of 1 means it's selling at its per share book value. NYSE and AMEX data is at least 20 minutes delayed. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. See rankings and related performance below. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Close Menu. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. 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 our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. In short, this is how much a company is worth. Their RIG share price forecasts range from $3.30 to $10.00. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. This is a medium-term price change metric. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. That does not mean that all companies with large growth rates will have a favorable Growth Score. The 20 day average establishes this baseline. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. What other stocks do shareholders of Transocean own? End date: 01/13 . 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. Cash Flow is a measurement of a company's health. As the name suggests, it's calculated as sales divided by assets. View which stocks are hot on social media with MarketBeat's trending stocks report. Many other growth items are considered as well. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. This item is updated at 9 pm EST each day. That means these items are added back into the net income to produce this earnings number. High institutional ownership can be a signal of strong market trust in this company. 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 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. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. 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 . Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. 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. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Identify stocks that meet your criteria using seven unique stock screeners.