transocean merger rumors

The offshore drilling services provider can be reached via phone at (141) 479-0500, via email at bradley.alexander@deepwater.com, or via fax at 41 71 323 27 750. 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. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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. 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. capital one merger rumors The merger cleared the DOJ after Compass . Sandro Thoma Transocean Ltd. . In the past three months, Transocean insiders have sold more of their company's stock than they have bought. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. This is a longer-term price change metric. The company employs 5,530 workers across the globe. By adding our high-specification floaters to Transocean's industry-leading fleet, the combined company will have the offshore industrys largest and most technically capable fleet of ultra-deepwater and harsh environment floaters. The Zacks database contains over 10,000 stocks. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Transocean Ltd. (RIG) Stock Price Today, Quote & News Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG.". Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. 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. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Above 1 means it assets are greater than its liabilities. 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 Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rigs net debt. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. What Makes Transocean (RIG) a Strong Momentum Stock: Buy Now? A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The Daily Price Change displays the day's percentage price change using the most recently completed close. These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. In this case, it's the cash flow growth that's being looked at. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. On Monday, two U.S. discount airlines announced plans to merge. This suggests that the stock has a possible downside of 16.5%. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. As the name suggests, it's calculated as sales divided by assets. 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). This includes personalizing content and advertising. Transocean-GlobalSantaFe Merger. 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 Zscaler, Inc Plummets, Is It Time To Buy The Dip? Current Cash Flow Growth measures the percent change in the year over year Cash Flow. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Ocean Rigs fleet is comprised of nine high-specification ultra-deepwater drillships and two harsh environment semisubmersibles. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. 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. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. 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. Earnings estimate revisions are the most important factor influencing stocks prices. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Pursuant to Section 13 or 15 (d) of. (1) Per Transoceans internal rig ranking model. House, 4th Floor. The stock has recently been. 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). 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. 2018_09_04_rig_8-k - Sec How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. - The Fly. ZacksTrade and Zacks.com are separate companies. The merger is not subject to any financing condition. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 They looked at 33 business publications from 2000 to 2010 and searched for key words relating to rumors (or rumours). 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. 8. 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. Shares of RIG stock can be purchased through any online brokerage account. A value greater than 1, in general, is not as good (overvalued to its growth rate). Zacks Style Scores Education - Learn more about the Zacks Style Scores. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Islands KY1-1003 +1 (345) 745-4505 . 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. 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. 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. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. The company was founded in 1926 and is based in Steinhausen,. Is First Trust Small Cap Growth AlphaDEX ETF (FYC) a Strong ETF Right Now? contact@marketbeat.com The cause of this is impossible to tell Transocean will pay approximately $2 . 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. RIG - 24/7 Wall St. 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. This is also referred to as the cash yield. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. That does not mean that all companies with large growth rates will have a favorable Growth Score. Cash flow can be found on the cash flow statement. 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. NASDAQ data is at least 15 minutes delayed. September 19, 2007. 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. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization currently in excess of $12.0 billion. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. FORM 8-K. CURRENT REPORT. A 'good' number would usually fall within the range of 1.5 to 3. 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. The 1 week price change reflects the collective buying and selling sentiment over the short-term. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) Transocean/R&B Falcon Merger To Create Largest Offshore Driller Seeing a stock's EPS change over 1 week is important. Many other growth items are considered as well. It's packed with all of the company's key stats and salient decision making information. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. 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. The Current Ratio is defined as current assets divided by current liabilities. On average, they predict the company's stock price to reach $5.91 in the next year. 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. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Offshore Drilling: These Rig Companies Could Be Takeover Candidates Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The Price to Sales ratio or P/S is calculated as price divided by sales. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. All rights reserved. Transocean has only been the subject of 3 research reports in the past 90 days. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. View institutional ownership trends. 12.29% of the stock of Transocean is held by insiders. Transocean faces possible 'liquidity crisis' amid debt repayment Visit Performance Disclosure for information about the performance numbers displayed above. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Citi is acting as exclusive financial advisor to Transocean, and King & Spalding LLP is acting as legal advisor to Transocean with respect to U.S. law. 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. 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. 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. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. So be sure to compare it to its group when comparing stocks in different industries. A P/B of 0.5 means its selling at half its book value. View our RIG earnings forecast. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. They read the articles and then traced the articles back to the article that . Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Form 8-K Transocean Ltd. For: Feb 15 We use cookies to understand how you use our site and to improve your experience. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. A D/E ratio of 1 means its debt is equivalent to its common equity. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. If you wish to go to ZacksTrade, click OK. Transocean Snags a Big Sell Rating as Earnings Recovery Is Pushed Out Minnesota's Senate Environment Climate and Legacy committee passed a measure concerning Sen. Lindsey . The analyzed items go beyond simple trend analysis. Their RIG share price forecasts range from $3.30 to $10.00.