transocean merger rumors

Rumors Merger Transocean - vku.fatturaelettronica.piacenza.it 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. 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 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Both floaters are currently stacked. The Daily Price Change displays the day's percentage price change using the most recently completed close. Transocean does not currently pay a dividend. 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. Value Style - Learn more about the Value Style. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. Transocean, Globalsantafe To Merge - MarineLink All rights reserved. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. ROE is always expressed as a percentage. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. Receive RIG Stock News and Ratings via Email, March 4, 2023|Legacy Research (Affiliate) (Ad), Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, February 24, 2023|americanbankingnews.com. Transocean was founded in 1926 and is based in Steinhausen, Switzerland. Transocean has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week 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. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. Transocean ( RIG) surged more than 18% today on news the company signed two new contracts. High institutional ownership can be a signal of strong market trust in this company. 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. Transocean Partners - Products, Competitors, Financials, Employees There are 17 Sectors, 60 different M Industries, and 265 X Industries. It's also commonly referred to as a 'liquidity ratio'. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. ANALYSIS-Mixed view on effect of Transocean merger | Reuters With Dividends Reinvested. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . On average, they anticipate the company's stock price to reach $5.91 in the next year. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. RIG - 24/7 Wall St. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The offshore drilling services provider earns $-621,000,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Net Margin is defined as net income divided by sales. 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 of the items you'll see in this category might look very familiar, while other items might be quite new to some. Zacks Rank Education -- Learn more about the Zacks Rank One share of RIG stock can currently be purchased for approximately $7.51. A higher number is better than a lower number. This item is updated at 9 pm EST each day. 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. Transocean Ltd. 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. 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 median P/B ratio for stocks in the S&P is just over 3. Identify stocks that meet your criteria using seven unique stock screeners. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. A value under 20 is generally considered good. 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. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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). World's Biggest Offshore Drilling Companies | Zeymarine Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd Sign in to your free account to enjoy all that MarketBeat has to offer. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink Many other growth items are considered as well. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. It's used by investors as a measure of financial health. The company's mobile offshore drilling. Zacks Style Scores Education - Learn more about the Zacks Style Scores. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. 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. The scores are based on the trading styles of Value, Growth, and Momentum. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. 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/R&B Falcon Merger To Create Largest Offshore Driller 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. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. But note, different industries have different margin rates that are considered good. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. $7.49 So the PEG ratio tells you what you're paying for each unit of earnings growth. View the best growth stocks for 2023 here. Jan 7, 2021. The merger is not subject to any financing condition. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. contact@marketbeat.com This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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. Date of report (date of earliest event reported): February 15, 2023 . 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. This shows the percentage of profit a company earns on its sales. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. A 'good' number would usually fall within the range of 1.5 to 3. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. In-depth profiles and analysis for 20,000 public companies. Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Wall Street closes sharply higher, notches weekly gains as Treasury yields ease, Morgan Stanley reaffirms Top Pick on Apple (AAPL) stock, sees catalyst-rich event path, Amazon (AMZN) pausing construction on second HQ in Virginia - Bloomberg, Broadcom Q1 results & guidance beat estimates; analysts praise 'stellar' execution, Dell reverses early gains on soft outlook; analyst reactions mixed, Embark Trucks (EMBK) to reduce workforce, explore strategic alternatives including liquidation, Ford Motor (F) Declares $0.65 Special Dividend; 4.5% Yield, Crypto firms behind Tether used falsified documents to maintain banking system access - WSJ, Altamira Therapeutics (CYTO) Reports Study Showing Bentrio's Superior Nasal Residence Time and Rheological Properties, Desktop Metal (DM) jumps on chatter of deal with Apple, Midday movers: C3 AI, Costco, Zscaler and more, Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise, After-hours stock movers: C3.ai jumps on results, Zscaler falls, Macy's, Salesforce and Okta rise premarket; Silvergate, Tesla fall, After-hours movers: Salesforce surges on beat, Silvergate falls on 'going concern' warning, VPC Impact Acquisition (VPCB) to Redeem Public Shares, Live Oak Mobility Acquisition Corp (LOKMU) Announces Redemption of Public Shares and Dissolution, China Index Holdings (CIH) Sets Record Date for Dissemination of Transaction Statement for Going Private Transaction. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. For one, part of trading is being able to get in and out of a stock easily. Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. 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. 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. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. Delayed quotes by FIS. 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Transocean Merger Rumors So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? On average, they predict the company's stock price to reach $5.91 in the next year. Form 8-K Transocean Ltd. For: Feb 15 The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. 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. 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). They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? If you wish to go to ZacksTrade, click OK. TransOcean 2: Rivals - Update 1.2 available. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 What is a Good Dividend Yield? 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. View RIG analyst ratings or view top-rated stocks. Volume is a useful item in many ways. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. 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. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. (1) Per Transoceans internal rig ranking model. In short, this is how much a company is worth. GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), ("Ocean Rig" or the "Company"), an international contractor of offshore deepwater drilling. 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. 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. A higher number means the more debt a company has compared to its capital structure. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) 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 Transocean Merger Sparks Consolidation Talk for Other Drillers Transocean Merger Rumors - zgy.protesidentali.novara.it This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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.