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Should You Buy Transocean LTD (RIG) in Oil & Gas Drilling Industry?

Tuesday, January 12, 2021 03:23 PM | InvestorsObserver Analysts

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Should You Buy Transocean LTD (RIG) in Oil & Gas Drilling Industry?

Transocean LTD (RIG) is near the top in its industry group according to InvestorsObserver. RIG gets an overall rating of 26. That means it scores higher than 26 percent of stocks. Transocean LTD gets a 91 rank in the Oil & Gas Drilling industry. Oil & Gas Drilling is number 145 out of 148 industries.

Overall Score - 26
RIG has an Overall Score of 26. Find out what this means to you and get the rest of the rankings on RIG!

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies that have relatively similar businesses can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the top stocks in that sector.

These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

What's Happening With Transocean LTD Stock Today?

Transocean LTD (RIG) stock is trading at $3.25 as of 3:20 PM on Tuesday, Jan 12, a gain of $0.49, or 17.75% from the previous closing price of $2.76. The stock has traded between $2.80 and $3.28 so far today. Volume today is elevated. So far 51,956,859 shares have traded compared to average volume of 37,712,584 shares.

Click Here to get the full Stock Score Report on Transocean LTD (RIG) Stock.

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