transocean merger rumors

8. 8 brokerages have issued 12 month target prices for Transocean's shares. Transocean wins rig contract with TotalEnergies for work offshore Suriname Published 14 October 2022 19:55 GMT Rigs and Vessels Norway: Wintershall and OMV charter rig for minimum $437 million. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Theme Leveraged Finance & High Yield Bonds backing Transocean Ltd. surged across the stack today after the offshore drilling company said it had moved to resolve allegations that its efforts to stave off a bankruptcy filing had led it to default on $543 million of senior notes. Transocean Inc. 36C Dr. Roy's Drive, Bermuda. September 19, 2007. 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. -- Equal representation on 14-member board, chaired by Robert E. Rose. 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. Growth traders and investors will tend to look for growth rates of 20% or higher. 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. Search: Transocean Merger Rumors. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Many other growth items are considered as well. Net Margin is defined as net income divided by sales. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . Transocean's stock is owned by a variety of retail and institutional investors. It is the most commonly used metric for determining a company's value relative to its earnings. View the best growth stocks for 2023 here. below): Written communications pursuant to Rule 425 under . Current Cash Flow Growth measures the percent change in the year over year Cash Flow. The median P/B ratio for stocks in the S&P is just over 3. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. . So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Here's a preview of what to expect when these three firms report quarterly results after markets close Tuesday afternoon. What is Transocean's stock price forecast for 2023? 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. The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. (1) Per Transoceans internal rig ranking model. 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. View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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. 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. Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. NYSE and AMEX data is at least 20 minutes delayed. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. 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 (RIG) Incurs Wider-Than-Expected Loss in Q4. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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 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. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Transocean does not have a long track record of dividend growth. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. This suggests that the stock has a possible downside of 16.5%. Once again, cash flow is net income plus depreciation and other non-cash charges. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Announces Pricing of $525 Million of Secured Notes Due 2028, Transocean Ltd. The 20 day average establishes this baseline. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. Transocean has a P/B Ratio of 0.51. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. But, typically, an aggressive growth trader will be interested in the higher growth rates. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. They read the articles and then traced the articles back to the article that . 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 Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Real time prices by BATS. TransOcean 2: Rivals - Update 1.2 available. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . Accordingly, the company's. And margin rates can vary significantly across these different groups. Transocean does not currently pay a dividend. 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). * indicates the important links in the menu, After-Market: Our daily ratings and market update email newsletter. What other stocks do shareholders of Transocean own? Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Transocean (RIG) is a Great Momentum Stock: Should You Buy? A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. 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. Real-time analyst ratings, insider transactions, earnings data, and more. and Nauticus Robotics, Inc., a Texas corporation. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. 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. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. Momentum Style - Learn more about the Momentum Style. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. NYSE:RIG Transocean - RIG News Today $6.85 +0.10 (+1.48%) (As of 02/27/2023 12:00 AM ET) Compare Today's Range $6.61 $7.00 50-Day Range $4.27 $7.61 52-Week Range $2.32 $7.69 Volume 15.43 million shs Average Volume 25.78 million shs Market Capitalization $4.97 billion P/E Ratio N/A The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. A higher number means the more debt a company has compared to its capital structure. See what's happening in the market right now with MarketBeat's real-time news feed. 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. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. 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. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? The company was founded in 1926 and is based in Steinhausen,. That does not mean that all companies with large growth rates will have a favorable Growth Score. 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. Our testing substantiates this with the optimum range for price performance between 0-20. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. It is used to help gauge a company's financial health. The 52 week price change is a good reference point. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Search: Transocean Merger Rumors. This is a medium-term price change metric (like the 4 week price change). 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 . A ratio of 2 means its assets are twice that of its liabilities. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. It was another weak fleet status with an added backlog below $100 million, showing that the offshore drilling industry has not. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. In this case, it's the cash flow growth that's being looked at. Volume is a useful item in many ways. Value Style - Learn more about the Value Style. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. If you do not, click Cancel. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. One share of RIG stock can currently be purchased for approximately $7.51. Zscaler, Inc Plummets, Is It Time To Buy The Dip? This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? This allows the investor to be as broad or as specific as they want to be when selecting stocks. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. 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. 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. Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. 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 analyst urged Transocean to use the current market crisis to address these issues with its customers. The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. 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. But, it's made even more meaningful when looking at the longer-term 4 week percent change. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Johnny Depp Car Collection, Matt Spiceboy'' Loyd Net Worth, Travel Ball Softball Teams In Florida, Capital School District Superintendent Salary, Articles T