Gabelli Maintains Buy on Transocean

Gabelli is out with its report today on Transocean RIG, maintaining Buy. In its report, Gabelli writes, "We continue to recommend purchasing Transocean shares and believe the stock is attractively valued trading at 9.8x our 2012 EPS estimate and 5.8 x our 2012 EBITDA estimate of $4.5 billion." At the time of posting, shares of RIG were trading pre-market at $56.22, down 1.82% from Monday's close.