On 11/27/07, Transocean Inc. [RIG] completed the reclassification of its stock and the merger transaction with GlobalSantaFe Corporation [GSF]. 12.29% of the stock of Transocean is held by insiders. Transocean Stock Split History EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. 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 . A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. Is Transocean (RIG) Outperforming Other Oils-Energy Stocks This Year? Transocean Ltd.'s (NYSE:RIG) Intrinsic Value Is Potentially 45% Above Its Share Price, Transocean Ltd. The merger cleared the DOJ after Compass . A value under 20 is generally considered good. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 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. In short, this is how much a company is worth. 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 A ratio of 1 means a company's assets are equal to its liabilities. The analyzed items go beyond simple trend analysis. 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 . Search: Csx Merger Rumors. During the same period in the previous year, the company posted ($0.19) EPS. NYSE and AMEX data is at least 20 minutes delayed. Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. 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. Transocean (RIG) Stock Soars on New Contract Announcements There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. 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. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . A 'good' number would usually fall within the range of 1.5 to 3. ICLUBcentral - Transocean Inc. [RIG] reclassification and merger with The Zacks database contains over 10,000 stocks. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 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 Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. View institutional ownership trends. 8. Cash flow itself is an important item on the income statement. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Transocean-GlobalSantaFe Merger. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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Upon completion of the merger, Transoceans and Ocean Rigs shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. Ventura Makes Personal Testimony. Transocean does not have a long track record of dividend growth. below): Written communications pursuant to Rule 425 under . 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. 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. On Monday, two U.S. discount airlines announced plans to merge. 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. The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. Volume is a useful item in many ways. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. The cause of this is impossible to tell Transocean will pay approximately $2 . This suggests that the stock has a possible downside of 16.5%. 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. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. Schlumberger merges drilling unit with Transocean - Jul. 12, 1999 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. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. The analyst urged Transocean to use the current market crisis to address these issues with its customers. STEINHAUSEN, Switzerland, May 03, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $99 million, $0.16 per diluted share, for. Baker Botts Lawyers/Offices Involved: Corporate: Doug Getten (Partner, Houston) and Jim Marshall (Partner, Houston) ABOUT BAKER BOTTS L.L.P. 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%). afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. There are 17 Sectors, 60 different M Industries, and 265 X Industries. 326 E 8th St #105, Sioux Falls, SD 57103 The official website for the company is www.deepwater.com. Based upon closing prices for each. 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. * indicates the important links in the menu, After-Market: Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. What is Transocean's stock price forecast for 2023? In general, a lower number or multiple is usually considered better that a higher one. Transocean/R&B Falcon Merger To Create Largest Offshore Driller In many ways, the market's action of repricing the offshore . There are currently 4 hold ratings and 4 buy ratings for the stock. No changes to Transoceans board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. On average, they anticipate the company's stock price to reach $5.91 in the next year. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. 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. In-depth profiles and analysis for 20,000 public companies. RIG News Today | Why did Transocean stock go up today? - MarketBeat For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. Transocean's stock was trading at $4.56 at the start of the year. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. Earnings for Transocean are expected to grow in the coming year, from ($0.25) to $0.22 per share. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Transocean : SpareBank 1 Markets 2023 Energy Conference World's Biggest Offshore Drilling Companies | Zeymarine Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. In this case, it's the cash flow growth that's being looked at.
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