Back to top

Image: Bigstock

Transocean (RIG) Looks Good: Stock Adds 12.5% in Session

Read MoreHide Full Article
Transocean Ltd. RIG was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.04 to $1.40 in the past one-month time frame.
 
The company has seen no estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
 
Transocean currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Transocean Ltd. Price
Investors interested in the Oil and Gas - Drilling industry may consider Precision Drilling Corporation PDS, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
 
Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year. 

These 7 were selected because of their superior potential for immediate breakout. 

See these time-sensitive tickers now >>