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Transocean (RIG) Catches Eye: Stock Jumps 6.4%

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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. The stock picked up sharply from the near-flat trend of $9.54 to $10.51 in the past one month time frame.

The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Transocean currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  

A better-ranked stock in the Oil and Gas - Drilling industry is Key Energy Services, Inc. (KEG - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is RIG going up? Or down? Predict to see what others think: Up or Down

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