transocean merger rumors

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. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Search: Transocean Merger Rumors. Visit www.zacksdata.com to get our data and content for your mobile app or website. Wednesday's top analyst upgrades and downgrades included Adobe, Apple, FedEx, HCA Healthcare, Kraft Heinz, Peloton Interactive, Sirius XM, Tesla, Transocean and Veeco Instruments. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . View which stocks are hot on social media with MarketBeat's trending stocks report. Transocean-GlobalSantaFe Merger. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. 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. All of those stocks are classified into three groups: Sector, M Industry and X Industry. In general, a lower number or multiple is usually considered better that a higher one. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. Shareholders say 'yes' to $2.7B Transocean-Ocean Rig merger Transocean does not have a long track record of dividend growth. . The company employs 5,530 workers across the globe. During the same period in the previous year, the company posted ($0.19) EPS. 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 site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Here's a look at three companies reporting June-quarter earnings after markets close Monday, August 2. That does not mean that all companies with large growth rates will have a favorable Growth Score. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with 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. View RIG analyst ratings or view top-rated stocks. The firm notes these levels are notably below the average day rates secured by Transocean, which would operate the fourth-largest overall . Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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. In short, this is how much a company is worth. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. dvelopper et amliorer nos produits et services. Transocean Beats Investors' Merger Suit Over Safety Record Islands KY1-1003 +1 (345) 745-4505 . Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. View our RIG earnings forecast. Identify stocks that meet your criteria using seven unique stock screeners. Ventura Makes Personal Testimony. 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. N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . 7:58 PM ET. 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). As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. 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 . 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. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. It's packed with all of the company's key stats and salient decision making information. Accordingly, the company's. 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. 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. Noble-Maersk merger to create world's third-largest - Offshore 8. Minnesota Steps Closer To Legalizing Cannabis: Former Gov. On average, they predict the company's stock price to reach $5.91 in the next year. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transocean started at buy with $7.50 stock price target at Benchmark Jan. 19, 2023 at 6:30 a.m. 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 . What is a Good Dividend Yield? 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. 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. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. Oil giant Shell set to unveil record profits of more than 30bn as households and businesses grapple with sky-high energy bills. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. Transocean's stock is owned by a variety of retail and institutional investors. (1) Per Transoceans internal rig ranking model. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. mesurer votre utilisation de nos sites et applications. Transocean - Latest oil and gas news | Upstream Online The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. These contracts, worth a combined $1.24 billion, span multiple years. RIG News Today | Why did Transocean stock go up today? Transocean (RIG) Agrees to Acquire Ocean Rig UDW Inc. (ORIG) for Approx Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). 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. 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. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. 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%).

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