5 Hot Oil Stocks To Buy Now

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In this article, we will be taking a look at 5 hot oil stocks to buy now. To read our detailed analysis of the energy sector, you can go directly to see the 11 Hot Oil Stocks To Buy Now.

5. Transocean Ltd (NYSE:RIG)

Average 3-Month Volume as of January 9: 15.2 million

Number of Hedge Fund Holders: 47

As of November 28, Doug Becker, an analyst at Capital One, holds an Overweight rating and an $8 price target on shares of Transocean Ltd (NYSE:RIG).

Transocean Ltd (NYSE:RIG) is an oil and gas drilling company based in Steinhausen, Switzerland. The company provides offshore contract drilling services for oil and gas wells across the globe. It contracts its mobile offshore drilling rigs, equipment, and crews to drill oil and gas wells.

A total of 47 hedge funds were long Transocean Ltd (NYSE:RIG) in the third quarter, with a total stake value of $1.2 billion.

Follow Transocean Ltd. (NYSE:RIG)

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