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Transocean (RIG) Catches Eye: Stock Jumps 6.4%
Transocean Ltd. (RIG - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 167.9% in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Transocean. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road
Transocean currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the Oils-Energy sector may consider Sprague Resources LP , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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