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After Earnings, Is Transocean Stock the Best Energy Play?

Key Points

  • Transocean stock just reported its latest quarterly earnings figures, which point to more bullish developments in the company, such as backlog and demand.
  • Wall Street sees double-digit upside ahead as tailwinds in the global economy buildup.
  • Institutional capital has recently been bought in, siding with Warren Buffett's view of the energy sector.
  • Five stocks to consider instead of Transocean.
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Should You Invest $1,000 in Transocean Right Now?

Before you consider Transocean, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transocean wasn't on the list.

While Transocean currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Gabriel Osorio-Mazilli
About The Author

Gabriel Osorio-Mazilli

Contributing Author

Value Stocks, Asian Markets, Macro Economics

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Energy Select Sector SPDR Fund (XLE)N/A$79.17+0.4%3.61%16.23Moderate Buy$79.17
Occidental Petroleum (OXY)
4.6721 of 5 stars
$37.90+0.6%2.53%15.53Hold$56.71
Transocean (RIG)
4.6347 of 5 stars
$2.22-1.8%27.03%-3.04Hold$4.59
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