transocean merger rumors

dvelopper et amliorer nos produits et services. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. Transocean does not have a long track record of dividend growth. Search: Csx Merger Rumors. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. 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. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The transaction has been unanimously approved by the board of directors of each company. The respective items are ranked and graded into five groups: A, B, C, D and F. 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. 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 . The Price to Earnings ratio or P/E is price divided by earnings. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. Momentum Style - Learn more about the Momentum Style. The official website for the company is www.deepwater.com. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . 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. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. International Mexico S. de R.L. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. The cause of this is impossible to tell Transocean will pay approximately $2 . 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 . Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. . Since then, RIG stock has increased by 64.7% and is now trading at $7.51. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Close Menu. Transocean does not currently pay a dividend. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. A P/B of 1 means it's selling at its per share book value. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. A value greater than 1, in general, is not as good (overvalued to its growth rate). Growth traders and investors will tend to look for growth rates of 20% or higher. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The Momentum Score takes all of this and more into account. Accordingly, the company's. On average, they anticipate the company's stock price to reach $5.91 in the next year. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. September 19, 2007. We use cookies to understand how you use our site and to improve your experience. Real-time analyst ratings, insider transactions, earnings data, and more. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. 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. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. 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. Date of report (date of earliest event reported): February 15, 2023 . 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. To learn more, click here. In short, this is how much a company is worth. 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. Home; Topics. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The analyst urged Transocean to use the current market crisis to address these issues with its customers. In general, the lower the ratio is the better. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 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. This is also commonly referred to as the Asset Utilization ratio. The merger is not subject to any financing condition. One share of RIG stock can currently be purchased for approximately $7.51. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. As they say, 'price follows volume'. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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). What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Learn more about Zacks Equity Research reports. View RIG analyst ratings or view top-rated stocks. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). But they all have their place in the Growth style. Grand Cayman, Cayman. A D/E ratio of 1 means its debt is equivalent to its common equity. 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. ROE is always expressed as a percentage. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. And, of course, the 4 week change helps put the 1 week change into context. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. 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. 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). The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. That means these items are added back into the net income to produce this earnings number. It measures a company's ability to pay short-term obligations. Transocean (RIG) is a Great Momentum Stock: Should You Buy? Export data to Excel for your own analysis. 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 A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. 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. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. 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. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 8. 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). The analyzed items go beyond simple trend analysis. Like the P/E ratio, a lower number is considered better. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. It's calculated as earnings divided by price. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. Projected EPS Growth looks at the estimated growth rate for one year. 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. 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. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). 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. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. 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. 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 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. What is Transocean's stock price forecast for 2023? 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. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. It's packed with all of the company's key stats and salient decision making information. American Consumer News, LLC dba MarketBeat 2010-2023. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. It is essentially the inverse of the P/E ratio. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. It also enables us to reduce our cost per active rig, as we believe that we can efficiently merge the Ocean Rig operations into our existing structure with limited incremental shore-based expense. ZacksTrade and Zacks.com are separate companies. The company's mobile offshore drilling. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year.

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