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Breaking News: NE latest news. - The Fly Our daily ratings and market update email newsletter. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. Like the P/E ratio, a lower number is considered better. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. Shares of JetBlue Airways ( JBLU -1.48%) surged by more than 5% in early trading on speculation that perhaps it could be the next . Noble-Maersk merger to create world's third-largest - Offshore Transocean shares have a 52-week. Cash flow itself is an important item on the income statement. Thursday's additional top analyst upgrades and downgrades included Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean and Vale. These contracts, worth a combined $1.24 billion, span multiple years. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. It's calculated as earnings divided by price. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo And margin rates can vary significantly across these different groups. 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. This suggests that the stock has a possible downside of 21.3%. Close Menu. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Merger Monday: 4 M&A Rumors Investors Are Focused On This Week 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. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. The analyst urged Transocean to use the current market crisis to address these issues with its customers. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Should I buy or sell Transocean stock right now? The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. 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. Like earnings, a higher growth rate is better than a lower growth rate. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Real time prices by BATS. Enterprise Value (EV) is Market Capitalization + Debt - Cash. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Seward & Kissel LLP is acting as legal advisor to Ocean Rig with respect to U.S. law. 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. View our RIG earnings forecast. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Tuesday's additional top analyst upgrades and downgrades were on Anheuser-Busch InBev, Citigroup, Discover Financial Services, Edison International, Goldman Sachs, Morgan Stanley, NextEra Energy, Tuesday's additional top analyst upgrades and downgrades included Cracker Barrel, Farfetch, Intel, Kodiak Sciences, Pinterest, Snowflake, Teladoc and more. FORM 8-K. CURRENT REPORT. According to analysts' consensus price target of $5.91, Transocean has a forecasted downside of 21.3% from its current price of $7.51. 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. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Search: Transocean Merger Rumors. The merger is not subject to any financing condition. Rumors - Latest News and breaking headlines - Benzinga BP - Royal Dutch Shell Plc .com 2018_09_04_rig_8-k - Sec The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Transocean (RIG) Stock Soars on New Contract Announcements Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. 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 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. Delayed quotes by FIS. 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. 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. Identify stocks that meet your criteria using seven unique stock screeners. There are currently 4 hold ratings and 4 buy ratings for the stock. The merger is not subject to any financing condition. Volume is a useful item in many ways. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. This is a medium-term price change metric. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. 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. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. 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. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Main Menu; Markets. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Since then, RIG stock has increased by 64.7% and is now trading at $7.51. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. 55.16% of the stock of Transocean is held by institutions. 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. Transocean has received a consensus rating of Buy. 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. Transocean Inc. (RIG) and GlobalSantaFe Corp. (GSF) said Monday they will merge in an all-stock deal. 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.. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. the Securities Exchange Act of 1934. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. Transocean/R&B Falcon Merger To Create Largest Offshore Driller 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 . Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The respective items are ranked and graded into five groups: A, B, C, D and F. 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 stocks with the highest probability of success.