Transocean Trading Up Nearly 5%

Transocean LTD (RIG) has had a very strong move today, and continue to rip higher, now up more than 4.5% as it gets closer to the $73 per share mark and as ticker heads into today’s final hour of trade.

Shares of RIG currently trade at a trailing P/E of 9.45, a forward multiple of 10.13 and a P/E to Growth ratio of 1.66. More than 6 million RIG shares have already traded hands, which is in-line with its average daily volume.

The median Wall Street price target on the stock is $80.00 with a high target of $99.00

At last check, shares of RIG are up $3.17 to $72.82, a gain of 4.6%‎.

About Ron Haruni 1034 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

Be the first to comment

Leave a Reply

Your email address will not be published.