transocean merger rumors

It's packed with all of the company's key stats and salient decision making information. Please log in to your account or sign up in order to add this asset to your watchlist. This is a longer-term price change metric. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. TransOcean 2: Rivals - Update 1.2 available. Transocean shares have a 52-week. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Transocean Merger Sparks Consolidation Talk for Other Drillers Transocean's stock was trading at $4.56 at the start of the year. 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. View the best growth stocks for 2023 here. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Cash flow itself is an important item on the income statement. The merger cleared the DOJ after Compass . * indicates the important links in the menu, After-Market: 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,. Form 8-K Transocean Ltd. For: Feb 15 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. The merger is not subject to any financing condition. This item is updated at 9 pm EST each day. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. 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 Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. How good is it? Grand Cayman, Cayman. 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 Transocean Beats Investors' Merger Suit Over Safety Record The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Transocean Ltd. Announces Agreement to Acquire Ocean Rig P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. 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. Cash Flow is a measurement of a company's health. 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. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. 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. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Earnings estimate revisions are the most important factor influencing stocks prices. This is also referred to as the cash yield. In general, the lower the ratio is the better. This is a medium-term price change metric. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra 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.. Above 1 means it assets are greater than its liabilities. . The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. Transocean-GlobalSantaFe Merger. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. View institutional ownership trends. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. We use cookies to understand how you use our site and to improve your experience. Transocean has a P/B Ratio of 0.51. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. The Daily Price Change displays the day's percentage price change using the most recently completed close. One share of RIG stock can currently be purchased for approximately $7.51. Within each 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 stocks with the highest probability of success. 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. (1) Per Transoceans internal rig ranking model. 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. 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 . While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. - The Fly. 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. During the same period in the previous year, the company posted ($0.19) EPS. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 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. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. If you do not, click Cancel. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. To learn more, click here. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. 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. 7:58 PM ET. The longer-term perspective helps smooth out short-term events. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . The merger is not subject to any financing condition. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Transocean Ltd. (RIG) Stock Price Today, Quote & News 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. High institutional ownership can be a signal of strong market trust in this company. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. In-depth profiles and analysis for 20,000 public companies. 55.16% of the stock of Transocean is held by institutions. Sandro Thoma Transocean Ltd. . Transocean Ltd. Announces Agreement to Acquire Ocean Rig 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean Ltd. (RIG) Stock Forum & Discussion - Yahoo Finance Transocean - RIG Stock Forecast, Price & News - MarketBeat Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. 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. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. After the P/E ratio, it's one of the most common valuation metrics. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Transocean Ltd. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). American Consumer News, LLC dba MarketBeat 2010-2023. 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. The Momentum Score takes all of this and more into account. Transocean-GlobalSantaFe Merger - Compass Lexecon Both floaters are currently stacked. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. 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. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. In short, this is how much a company is worth. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. 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. 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. The analyst urged Transocean to use the current market crisis to address these issues with its customers. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. ROE is always expressed as a percentage. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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 Merger Rumors The transaction has been unanimously approved by the board of directors of each company. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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). For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. These returns cover a period from January 1, 1988 through January 2, 2023. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Zacks Premium - The way to access to the Zacks Rank. A P/B of 1 means it's selling at its per share book value. -- Equal representation on 14-member board, chaired by Robert E. Rose. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Transocean (RIG) Announces $488 Million Addition to Backlog. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? 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. 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. Search: Transocean Merger Rumors. 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.

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