CWCO vs. GWRS: Which Stock Should Value Investors Buy Now?
Transocean Ltd. RIG 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.
Transocean Ltd. Price
Transocean Ltd. Price | Transocean Ltd. Quote
A better-ranked stock in the Oil and Gas - Drilling industry is Key Energy Services, Inc. KEG, 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
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Transocean Ltd. (RIG) : Free Stock Analysis Report
Key Energy Services, Inc. (KEG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research