transocean merger rumors

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. So the PEG ratio tells you what you're paying for each unit of earnings growth. 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. They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Explaining the rationale for the transaction, Transocean in September said the deal would increase "Transocean's . 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. How were Transocean's earnings last quarter? 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. 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. 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. 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). 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 . Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Shares of RIG stock can be purchased through any online brokerage account. 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. Breaking News: NE latest news. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Get short term trading ideas from the MarketBeat Idea Engine. The median P/B ratio for stocks in the S&P is just over 3. TransOcean 2: Rivals - Update 1.2 available. Get daily stock ideas from top-performing Wall Street analysts. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. Transocean has a P/B Ratio of 0.51. 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. ZacksTrade and Zacks.com are separate companies. The PEG ratio is the P/E ratio divided by its growth rate. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). A P/B of 1 means it's selling at its per share book value. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. 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). 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. Insiders that own company stock include David A Tonnel, Edward R Muller, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens. These returns cover a period from January 1, 1988 through January 2, 2023. Like the P/E ratio, a lower number is considered better. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. View our RIG earnings forecast. 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. 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. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Transocean has received a consensus rating of Buy. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? It's packed with all of the company's key stats and salient decision making information. 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 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 Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. A value under 20 is generally considered good. 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. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Of course, different industries will have different growth rates that are considered good. 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. Search: Csx Merger Rumors. Transocean's stock was trading at $4.56 at the start of the year. If you do not, click Cancel. This item is updated at 9 pm EST each day. 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. 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. 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 services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. ("Transocean") by which, upon the closing of the merger, Ocean Rig will become a . The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. $7.49 It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. As they say, 'price follows volume'. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The 52 week price change is a good reference point. With Dividends Reinvested. Our daily ratings and market update email newsletter. 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. 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. A P/B of 2 means it's selling at 2 times its book value. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. The Current Ratio is defined as current assets divided by current liabilities. Jan 7, 2021. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. The cause of this is impossible to tell Transocean will pay approximately $2 . Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. - The Fly. This suggests that the stock has a possible downside of 21.3%. Main Menu; Markets. Cash Flow is net income plus depreciation and other non-cash charges. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. Zacks Ranks stocks can, and often do, change throughout the month. 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. The Momentum Score takes all of this and more into account. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. 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. Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Learn more about Zacks Equity Research reports. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Real time prices by BATS. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Servios e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. 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. A P/B of 0.5 means its selling at half its book value. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. 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. Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. This allows the investor to be as broad or as specific as they want to be when selecting stocks. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. 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. It's used by investors as a measure of financial health. In short, this is how much a company is worth. The company was founded in 1926 and is based in Steinhausen,. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Momentum Style - Learn more about the Momentum Style. Transocean does not have a long track record of dividend growth. In general, the lower the ratio is the better. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. dvelopper et amliorer nos produits et services. 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. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. This shows the percentage of profit a company earns on its sales. 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. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. All of those stocks are classified into three groups: Sector, M Industry and X Industry. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. As the name suggests, it's calculated as sales divided by assets. 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. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . Sandro Thoma Transocean Ltd. . 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. 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 . Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. That does not mean that all companies with large growth rates will have a favorable Growth Score. Growth traders and investors will tend to look for growth rates of 20% or higher. 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. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). Transocean had a negative trailing twelve-month return on equity of 5.85% and a negative net margin of 24.12%. International Mexico S. de R.L. In-depth profiles and analysis for 20,000 public companies. On Monday, two U.S. discount airlines announced plans to merge. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Enterprise Value (EV) is Market Capitalization + Debt - Cash. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Like earnings, a higher growth rate is better than a lower growth rate. Bobby Willig, Meg Guerin-Calvert, Jay Ezrielev, David Fenichel and a Compass Lexecon team were retained by counsel for the parties to assist in an economic analysis of the merger of Transocean and GlobalSantaFe, two large oil and gas contractors. This suggests that the stock has a possible downside of 16.5%. It's then divided by the number of shares outstanding to determine how much cash is generated per share. For one, part of trading is being able to get in and out of a stock easily. (844) 978-6257. View the best growth stocks for 2023 here. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Pursuant to Section 13 or 15 (d) of. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. 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) 0.6996 . 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

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