|Bid||5.98 x 800|
|Ask||5.99 x 3100|
|Day's Range||5.76 - 6.07|
|52 Week Range||5.28 - 14.47|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.34|
"The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s confirmation that it did not plan further interest rate hikes in 2019 allayed investor fears and drove U.S. markets substantially higher in the first quarter of the year. Global markets followed suit pretty much across the board […]
Comstock Resources (CRK) agreed to buy Cover Park Energy for $2.2 billion. Meanwhile, Royal Dutch Shell (RDS.A) pledged to return at least $125 billion to its shareholders between 2021 and 2025.
As stocks pullback from record highs, lowered market valuations are making a number of companies look like strong potential takeover targets.
Although total rig count in the United States increases through the week till May 31, the tally may fall in the coming weeks owing to declining capital spending by U.S. explorers and a drop in oil prices.
Charles Lemonides, chief investment officer of ValueWorks, which manages about $220 million for private and institutional clients in New York, named two oil-services companies he has invested in for the long term. Flynn said that when the price of oil was rising in late 2017 and early 2018, oil-services companies were “ramping up,” but then “got caught leaning the wrong way” as a reversal in price action led to a significant decline in the U.S. shale rig count.
Royal Dutch Shell (RDS.A) started production at its Appomattox GoM platform. Meanwhile, Rattler Midstream Partners raised $665 million in the year's biggest energy IPO so far.
The Zacks Analyst Blog Highlights: Schlumberger, Diamond Offshore, Transocean, Devon and Pioneer
Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The tally for oil drilling rigs in the United States not only declines for three successive weeks, but also touches the lowest mark since March 2018.
Oil drilling rig count in the United States not only declines for two weeks in a row, but also touches the lowest mark since March 2018.
Transocean Ltd. (RIG) announced today that Transocean Sentry Limited (“Transocean Sentry”), a wholly owned indirect subsidiary of Transocean, has priced an offering of U.S. $525 million in aggregate principal amount of senior secured notes due 2023 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc. and wholly owned indirect subsidiaries that own the harsh environment semisubmersible drilling rigs Transocean Endurance and Transocean Equinox, and will be secured by a lien on each of the rigs and certain other related assets. Transocean Sentry expects to receive aggregate net proceeds of approximately $517 million from the offering, after deducting the initial purchasers’ discount and estimated offering costs.
The company has filed building permits for all 11 floors of the building that will soon be at the center of its U.S. business.
Moody's Investors Service ("Moody's") assigned a B1 rating to Transocean Sentry Limited's (a wholly owned indirect subsidiary of Transocean Inc.) proposed $500 million senior secured notes due 2023 (Sentry Notes). Concurrently, Moody's affirmed Transocean Inc.'s (Transocean) B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), Caa1 rating on the priority guaranteed senior unsecured notes (PGNs) and Caa2 senior unsecured notes rating. Moody's also affirmed the B1 rating on Transocean Guardian Limited's 2024 notes (Guardian notes), Transocean Pontus Limited's 2025 notes (Pontus notes) and Transocean Poseidon Limited's 2027 notes (Poseidon Notes).
Transocean Ltd. (RIG) announced today that Transocean Sentry Limited (“Transocean Sentry”), a wholly owned indirect subsidiary of Transocean, commenced a private offering of U.S. $500 million in aggregate principal amount of senior secured notes due 2023 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc. and wholly owned indirect subsidiaries that own the harsh environment semisubmersible drilling rigs Transocean Endurance and Transocean Equinox, and will be secured by a lien on each of the rigs and certain other related assets.
Switzerland-based Transocean Ltd. (NYSE: RIG) is expanding its revolving credit agreement as its annual costs grow after two large 2018 acquisitions. The expansion was performed as part of a clause in Transocean’s revolving credit facility that allowed it to grow by up to $500 million, according to the filing, so there is still room for another $140 million expansion. Transocean's main U.S. office is in Houston.
Transocean Ltd. (RIG) announced today that it has amended the terms of its Revolving Credit Facility dated June 22, 2018 (“the Facility”) to increase the capacity of the Facility to $1.36 billion from $1.0 billion. The Facility contains an accordion provision permitting an increase in capacity of up to $500 million. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.