If you are looking for a stock in the Oil & Gas-Drilling industry, Transocean Ltd. ( RIG ) could be one to watch closely. Right now the company has a Zacks Rank #2 (Buy) and it has been seeing rising earnings estimate revisions as of late.
In fact, the full year consensus estimate has risen from $2.31/share to $3.27/share in the past 60 days, while ten estimates have gone higher for the time frame and none have gone lower. If that wasn't enough, RIG also has Style Score grades of 'B' on growth front and 'A' on value front so it could be worth considering from that perspective too.
But what is the Crowd saying about this stock?
Many times, broad investor perception of a security can have a large bearing on a stock's outlook. And thanks to social media sites like Twitter, we now have an easy way to see what the masses are thinking about stocks and how they might perform in the future.
According to MarketProphit.com , a financial Big Data social media analytics company, the moving average of the Crowd Sentiment Z-Score for RIG is 0.27, which shows social media momentum trending upward for this stock.
Generally speaking, moving averages of Crowd Sentiment Z-Scores with values above 0.2 is significant, so the rating for RIG today is indicative of broad positive Crowd opinion towards this stock in the near term. And when you add in the positive earnings estimate revisions to this story it definitely suggests that Transocean is a stock to put on your radar right now.
And for more data and insights on trending sentiment and buzz in social media for stocks you care about, make sure to check out marketprophit.com and their Z-Score system .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
