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%.