With a price-to-earnings (or "P/E") ratio of 70.7x Transocean Holdings Bhd. ( KLSE:TOCEAN ) may be sending very bearish...
Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise in the number of wells drilled offshore.