Transocean Ltd. (RIG - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% 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 trend for the company—as the stock is now up 16.3% in the past one-month time frame.
The company has seen six positive and one negative estimate revision in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved up over the same time frame, 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 #3 (Hold) while its Earnings ESP is positive.
Transocean Ltd. Price and Consensus
A better-ranked stock in the Oils and Energy sector is Atento SA (ATTO - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is RIG going up? Or down? Predict to see what others think: Up or Down
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>