transocean merger rumors

Compare Top Brokerages Here. ROE is always expressed as a percentage. 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. Transocean shares have a 52-week. 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 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 In general, a lower number or multiple is usually considered better that a higher one. Transocean does not have a long track record of dividend growth. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. The Daily Price Change displays the day's percentage price change using the most recently completed close. 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. Top institutional shareholders include Contrarius Investment Management Ltd (4.30%), Van ECK Associates Corp (3.48%), Morgan Stanley (2.54%), Dimensional Fund Advisors LP (2.32%), Two Sigma Investments LP (2.05%) and Two Sigma Advisers LP (1.91%). On Monday, two U.S. discount airlines announced plans to merge. But when compared to its growth rate, it does't have the earnings growth to justify its P/E. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. 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. There are currently 4 hold ratings and 4 buy ratings for the stock. As Transocean has already committed to voting its approximately 21.3 million common units in favor of the merger, a vote in favor of the merger by approximately 9.9 million (or approximately 50.1% . The company's press release can be found here. Real-time analyst ratings, insider transactions, earnings data, and more. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. That means these items are added back into the net income to produce this earnings number. A P/B of 0.5 means its selling at half its book value. 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. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. RIG News Today | Why did Transocean stock go up today? - MarketBeat Transocean Merger Rumors - zgy.protesidentali.novara.it 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. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. 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. A high percentage of insider ownership can be a sign of company health. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. 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 2018_09_04_rig_8-k - Sec The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. Close Menu. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). View which stocks are hot on social media with MarketBeat's trending stocks report. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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. 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 Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Transocean's stock was trading at $4.56 at the start of the year. Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. Like most ratios, this number will vary from industry to industry. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. dvelopper et amliorer nos produits et services. Zacks Rank Education -- Learn more about the Zacks Rank Transocean's stock is owned by a variety of retail and institutional investors. How were Transocean's earnings last quarter? Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. The analyzed items go beyond simple trend analysis. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. (844) 978-6257. But they all have their place in the Growth style. Transocean Completes Merger With GlobalSantaFe | Hart Energy Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The longer-term perspective helps smooth out short-term events. Transocean, GlobalSantaFe in merger deal - ibtimes.com 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.. 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 . Visit Performance Disclosure for information about the performance numbers displayed above. 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. Specifically, they have bought $0.00 in company stock and sold $698,560.00 in company stock. Should I buy or sell Transocean stock right now? Transocean Inc. and GlobalSantaFe Corporation Agree to Combine The company employs 5,530 workers across the globe. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. In the past three months, Transocean insiders have sold more of their company's stock than they have bought. 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. RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch When evaluating a stock, it can be useful to compare it to its industry as a point of reference. These returns cover a period from January 1, 1988 through January 2, 2023. Transocean owns and operates a fleet of 48 mobile offshore drilling units that offer services for energy companies. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The offshore drilling services provider reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.30. 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. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. International Mexico S. de R.L. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. In-depth profiles and analysis for 20,000 public companies. 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). For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Transocean does not currently pay a dividend. See what's happening in the market right now with MarketBeat's real-time news feed. In this case, it's the cash flow growth that's being looked at. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. mesurer votre utilisation de nos sites et applications. 8. Search: Transocean Merger Rumors. Search: Csx Merger Rumors. The analyst urged Transocean to use the current market crisis to address these issues with its customers. Transocean (RIG) Stock Soars on New Contract Announcements 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. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. 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.

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