News Breaks |
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| February 15, 2013 |
| 06:02 EDT |  | RIG | Transocean downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank downgraded Transocean to Sell citing the recent rally in shares and pressure on downtime following the company's fleet update. The firm keeps a $49 price target for shares. |
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News For RIG From The Last 14 Days Check below for free stories on RIG the last two weeks. |
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| May 21, 2013 |
| 16:25 EDT |  | RIG | Transocean announces first quarterly dividend installment of 56c per share
Transocean announced the schedule for the first installment of its U.S. dollar-denominated dividend of $2.24 per share, or approximately $807M in the aggregate, from additional paid-in capital. The first installment of 56c per share, or approximately $202M, is based upon the number of currently outstanding shares and represents the first of four quarterly installments totaling $2.24 per share, which was approved by shareholders at the company's Annual General Meeting held on May 17. The dividend will be paid on June 19 to shareholders of record on May 31. The ex-dividend date is May 29. |
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| 07:36 EDT |  | RIG | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link |
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| May 17, 2013 |
| 13:53 EDT | | RIG | Transocean holders approve dividend, reject Icahn proposal
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| 13:50 EDT | | RIG | Icahn nominee wins seat on Transocean board
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| 12:28 EDT |  | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link |
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| 11:48 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
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| May 16, 2013 |
| 12:47 EDT |  | RIG | Transocean EPS estimates lowered at Wells Fargo
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| May 15, 2013 |
| 16:48 EDT | | RIG | Icahn gives quarterly update on stakes
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| May 13, 2013 |
| 05:20 EDT | | RIG | Transocean Chairman J. Michael Talbert announces retirement plans
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| May 9, 2013 |
| 07:29 EDT | | RIG | Transocean comments on reports from proxy advisors support for board nominees
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| May 8, 2013 |
| 16:35 EDT | | RIG | Transocean sees annualized savings of $300M from cost reductions
Transocean said that based on preliminary analysis, it currently anticipates achieving annualized savings associated with its initial phase of its cost reduction initiative of approximately $300M. The expected reduction in onshore costs includes, among other items, the consolidation of facilities, the streamlining of business functions and processes, as well as elimination of processes, programs and tasks that are not central to supporting our core business of operating our rigs safely and efficiently. |
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| 16:33 EDT |  | RIG | Transocean reports Q1 adjusted EPS 93c, consensus $1.00
Reports Q1 revenue $2.2B, consensus $2.36B. Total rig utilization was 80% in Q1 compared with 79% in Q4. Contract backlog was $28.5B as of the April 18 Fleet Status Report. Since April 18m additional contracts totaling $199M were secured. |
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| 15:29 EDT | | RIG | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c. |
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