Latest news with #OilAndGas
Reuters
18 hours ago
- Business
- Reuters
Baker Hughes nears $13.6 billion deal to buy Chart, edging out Flowserve, FT reports
July 28 (Reuters) - Oil and gas equipment supplier Baker Hughes (BKR.O), opens new tab is nearing a $13.6 billion cash deal to buy Chart Industries (GTLS.N), opens new tab, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing sources familiar with the matter. A potential deal would displace an agreement Chart made in June to combine with flow control systems maker Flowserve in a $19 billion all-stock merger. That agreement has now been terminated, the FT reported. Baker Hughes, Chart Industries and Flowserve did not immediately respond to Reuters requests for comment. Chart's stock, which had closed at $171.65 on Monday, climbed more than 17% to $202 in after-market trading following the FT report. Chart manufactures industrial equipment such as valves and measurement technology for gas and liquid molecule handling and had a market capitalization of $7.71 billion as of Monday's close, as per LSEG data. The deal with Baker Hughes would value Chart's equity at $210 per share, a 22% premium to its market value, giving it an equity value of about $10 billion, the report said. Baker Hughes' decision to make a higher bid for Chart forced the company's board to reconsider its deal with Flowserve, the FT said. The deal was likely to be announced in the coming days, FT added, citing sources who warned that the agreement was not final and the plans could change. Baker Hughes has been trying to leverage its industrial and energy technology portfolio to drive growth and expand its presence in the natural gas and LNG sectors.
Yahoo
18 hours ago
- Business
- Yahoo
Baker Hughes nears $13.6 billion deal to buy Chart over the head of rival suitor, FT reports
(Reuters) -Oil and gas equipment supplier Baker Hughes is close to a $13.6 billion cash deal to acquire U.S.-based equipment manufacturer Chart Industries (GTLS.N), the Financial Times reported on Monday, citing sources familiar with the matter. This potential acquisition would supersede an earlier agreement between Chart Industries and Flowserve, a flow control systems maker, which announced in June an all-stock merger valuing the combined company at about $19 billion. Baker Hughes, Chart Industries, and Flowserve did not immediately respond to Reuters request for comment . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
18 hours ago
- Business
- Reuters
Baker Hughes nears $13.6 billion deal to buy Chart over the head of rival suitor, FT reports
July 28 (Reuters) - Oil and gas equipment supplier Baker Hughes (BKR.O), opens new tab is close to a $13.6 billion cash deal to acquire U.S.-based equipment manufacturer Chart Industries (GTLS.N), the Financial Times reported on Monday, citing sources familiar with the matter. This potential acquisition would supersede an earlier agreement between Chart Industries and Flowserve(GTLS.N), opens new tab, a flow control systems maker, which announced in June an all-stock merger valuing the combined company at about $19 billion. Baker Hughes, Chart Industries, and Flowserve did not immediately respond to Reuters request for comment .
Yahoo
2 days ago
- Business
- Yahoo
Returns Are Gaining Momentum At Cadogan Energy Solutions (LON:CAD)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Cadogan Energy Solutions (LON:CAD) and its trend of ROCE, we really liked what we saw. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Cadogan Energy Solutions is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.018 = US$518k ÷ (US$31m - US$1.9m) (Based on the trailing twelve months to December 2024). Thus, Cadogan Energy Solutions has an ROCE of 1.8%. In absolute terms, that's a low return and it also under-performs the Oil and Gas industry average of 9.6%. See our latest analysis for Cadogan Energy Solutions Historical performance is a great place to start when researching a stock so above you can see the gauge for Cadogan Energy Solutions' ROCE against it's prior returns. If you'd like to look at how Cadogan Energy Solutions has performed in the past in other metrics, you can view this free graph of Cadogan Energy Solutions' past earnings, revenue and cash flow. The Trend Of ROCE Like most people, we're pleased that Cadogan Energy Solutions is now generating some pretax earnings. Historically the company was generating losses but as we can see from the latest figures referenced above, they're now earning 1.8% on their capital employed. Additionally, the business is utilizing 42% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. This could potentially mean that the company is selling some of its assets. What We Can Learn From Cadogan Energy Solutions' ROCE In the end, Cadogan Energy Solutions has proven it's capital allocation skills are good with those higher returns from less amount of capital. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 24% to shareholders. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term. If you'd like to know about the risks facing Cadogan Energy Solutions, we've discovered 2 warning signs that you should be aware of. While Cadogan Energy Solutions may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
3 days ago
- Business
- Yahoo
Ovintiv Second Quarter 2025 Earnings: Beats Expectations
Ovintiv (NYSE:OVV) Second Quarter 2025 Results Key Financial Results Revenue: US$2.30b (up 4.9% from 2Q 2024). Net income: US$307.0m (down 9.7% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). EPS: US$1.19 (down from US$1.28 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Ovintiv Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are up 3.4% from a week ago. Risk Analysis You should always think about risks. Case in point, we've spotted 4 warning signs for Ovintiv you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
