Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

GlobalData : Deal activity in global oil and gas industry largely driven by themes, says GlobalData

share with twitter share with LinkedIn share with facebook
09/22/2020 | 05:10am EDT
22 Sep 2020
Deal activity in global oil and gas industry largely driven by themes, says GlobalData
Posted in Oil & Gas

Mergers and acquisitions (M&A) activity across the oil and gas sector reached US$224.4bn in deal value in 2019, reflecting growths of 29% and 159% compared to 2018 and 2017, respectively. The main themes that drove this activity were shale, emerging economies, China impact and subsea, according to GlobalData, a leading data and analytics company.

GlobalData's theme report: 'M&A in Oil & Gas (2017-Q1 2020)' analyses the key themes that were influential in enabling M&A and asset transactions within the oil and gas sector from 2017 to Q1 2020.

Snigdha Parida, M&A Analyst at GlobalData, comments: 'Deal activity was also influenced by the need to make strategic partnerships to overcome the regulatory challenges, gain access to IoT, cloud or other emerging technologies and diversify into renewable energy. The growing importance of sustainability, combined with volatile oil prices and diminishing resources resulted in M&A for diversification.

'The equipment and services industry witnessed most of the technology-driven deals in the sector. Tightening profit margins and resources that are increasingly difficult to reach have, in part, made investments into technologies a necessity.'

In 2020, the COVID-19 pandemic has emerged as a new theme that has adversely impacted the oil and gas sector. The pandemic is likely to impact deals' activities in the short-term.

Parida adds: 'Low prices coupled with a prospect of low demand will not augur well for the sector and force to rethink on project timelines and cost-cutting across value chain. Buyers are wary of M&A deals while conserving cash for the future and possible target companies may also be reluctant to sell off at depressed prices.'

In Q1 2020, a total of 14 M&A deals with a transaction value of US$50m or more were announced in the global oil and gas space. These deals had a combined transaction value of US$4.2bn, which was down by 80% when compared to Q4 2019 and 95% down when compared to Q1 2019.

In Q1 2020, GlobalData's oil and gas index fell by 43%. The index remains 28% below January 2020 levels, turning many oil and gas companies into attractive bid targets.

Parida concludes: 'Presently, the COVID-19 pandemic has created uncertainties in global energy demand that has compelled the oil and gas companies to evaluate their capital discipline and refrain from M&As. However, in the medium-term, the market correction could create attractive M&A opportunities in the sector.'

Disclaimer

GlobalData plc published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 08:09:01 UTC


share with twitter share with LinkedIn share with facebook
All news about GLOBALDATA PLC
12:00pGLOBALDATA : Strong demand for ventilators drove robust growth for manufacturers..
PU
03:55aGLOBALDATA : Hino, Traton e-mobility joint venture to boost global electric comm..
PU
10/29GLOBALDATA : Kirkland & Ellis was top M&A legal adviser in global TMT sector for..
PU
10/29GLOBALDATA : Goldman Sachs was top M&A financial adviser in global TMT sector fo..
PU
10/29GLOBALDATA : Goldman Sachs and Itau Unibanco were top M&A financial advisers by ..
PU
10/29GLOBALDATA : White & Case and Veirano Advogados were top M&A legal advisers by v..
PU
10/29GLOBALDATA : Goldman Sachs and PwC were top M&A financial advisers by value and ..
PU
10/29GLOBALDATA : Simpson Thacher & Bartlett and Kirkland & Ellis were top M&A legal ..
PU
10/29Ralph Lauren warns resurgence in virus cases could derail recovery
RE
10/29GLOBALDATA : Mori Hamada & Matsumoto, AZB & Partners top M&A legal advisers by v..
PU
More news
Financials
Sales 2020 182 M 236 M 236 M
Net income 2020 23,0 M 29,8 M 29,8 M
Net Debt 2020 41,0 M 53,1 M 53,1 M
P/E ratio 2020 87,5x
Yield 2020 1,00%
Capitalization 1 858 M 2 398 M 2 405 M
EV / Sales 2020 10,4x
EV / Sales 2021 9,77x
Nbr of Employees 3 355
Free-Float 26,5%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 1 418,50 GBX
Last Close Price 1 575,00 GBX
Spread / Highest target 3,94%
Spread / Average Target -9,94%
Spread / Lowest Target -23,8%
EPS Revisions
Managers
NameTitle
Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBALDATA PLC22.09%2 398
S&P GLOBAL INC.19.30%78 373
THOMSON REUTERS CORPORATION11.78%38 609
RELX PLC-19.16%38 275
WOLTERS KLUWER7.35%21 466
EQUIFAX INC.-0.40%16 976