This represents a 20.4% premium to Ocean Rigs ten-day volume weighted average share price. Cash Flow is a measurement of a company's health. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. Zacks Premium - The way to access to the Zacks Rank. 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. capital one merger rumors The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. 2018_09_04_rig_8-k - Sec 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. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Schlumberger Ltd. agreed to combine its offshore contract-drilling operations with Transocean Offshore Inc. in a $3.26 billion stock transaction that creates the world's largest offshore-energy . 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. Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Transocean Ltd. To Acquire Transocean Partners LLC - MarineLink The merger cleared the DOJ after Compass . 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. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. NYSE and AMEX data is at least 20 minutes delayed. 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. This is a medium-term price change metric (like the 4 week price change). Transocean Ltd. Announces Agreement to Acquire Ocean Rig Topics; See All Markets; Biofuels; Crack Spread; Crude Oil; Frac Spread; Liquefied Natural Gas; Natural Gas; Natural Gas . As such, Lamar McKay, the president and chairman of BP, has alluded that the blame belongs there (despite BP accepting responsibility for the cleanup) Corporate Profile Transocean name and trade on the New York Stock Exchange under Transoceans symbol RIG Josh Brown agreed that "each one of these has been a boondoggle," and then, using tangled . 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. The P/E ratio of Transocean is -8.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Upon consummation, this transaction will be of significant benefit to the stakeholders of both companies.". The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Search: Transocean Merger Rumors. Once again, cash flow is net income plus depreciation and other non-cash charges. 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. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. A value greater than 1, in general, is not as good (overvalued to its growth rate). Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Net Margin is defined as net income divided by sales. 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. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. 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. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. In general, a lower number or multiple is usually considered better that a higher one. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Noble-Maersk merger to create world's third-largest - Offshore 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. Home; Topics. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. 326 E 8th St #105, Sioux Falls, SD 57103 Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results 12.29% of the stock of Transocean is held by insiders. 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 . Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Transocean-GlobalSantaFe Merger. . mesurer votre utilisation de nos sites et applications. below): Written communications pursuant to Rule 425 under . The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. It's calculated as earnings divided by price. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. Transocean Rumors Merger - vtm.fatturaelettronica.piacenza.it Momentum Style - Learn more about the Momentum Style. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. Luigs and the midwater floater Songa Delta. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). This measure is expressed as a percentage. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Above 1 means it assets are greater than its liabilities. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. World's Biggest Offshore Drilling Companies | Zeymarine RIG Stock Price | Transocean Ltd. Stock Quote (U.S.: NYSE) - MarketWatch Transocean Ltd. Reports First Quarter 2021 Results A ratio of 1 means a company's assets are equal to its liabilities. If a company's expenses are growing faster than their sales, this will reduce their margins. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. It's packed with all of the company's key stats and salient decision making information. 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. It's used by investors as a measure of financial health. A high percentage of insider ownership can be a sign of company health. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Transocean's stock was trading at $4.56 at the start of the year. Nous, Yahoo, faisons partie de la famille de marques Yahoo. ET by Tomi Kilgore Transocean stock price target raised to $4.50 from $3.30 at Susquehanna Nov.. Both floaters are currently stacked. Learn more about Zacks Equity Research reports. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. On Monday, two U.S. discount airlines announced plans to merge. 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. It's also commonly referred to as a 'liquidity ratio'. 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. 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. High institutional ownership can be a signal of strong market trust in this company. 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. Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. Zscaler, Inc Plummets, Is It Time To Buy The Dip? View analysts price targets for RIG or view top-rated stocks among Wall Street analysts. 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 cause of this is impossible to tell Transocean will pay approximately $2 .
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