Diamond Offshore Drilling (DO) Stock Price, News & Analysis

Company Overview

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $13.99 to $13.99
• 50-Day Range: $0.73 to $0.94
• 52-Week Range: $0.67 to $11.41
• Volume: N/A
• Average Volume: 1.62 million shs
• Market Capitalization: $1.44 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.00
• Consensus Rating: Buy

Diamond Offshore Drilling Stock Analysis - MarketRank™

Diamond Offshore Drilling scored higher than 55% of companies evaluated by MarketBeat, and ranked 163rd out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Diamond Offshore Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Diamond Offshore Drilling has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 329.79%

Earnings Growth

Earnings for Diamond Offshore Drilling are expected to grow by 329.79% in the coming year, from $0.47 to $2.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Diamond Offshore Drilling is -31.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Diamond Offshore Drilling is -31.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Diamond Offshore Drilling has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Diamond Offshore Drilling does not currently pay a dividend.

Dividend Growth

Diamond Offshore Drilling does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DO.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Diamond Offshore Drilling this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for DO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Diamond Offshore Drilling insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $479,740.00 in company stock.

Percentage Held by Insiders

Only 0.74% of the stock of Diamond Offshore Drilling is held by insiders.

Percentage Held by Institutions

90.82% of the stock of Diamond Offshore Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DO Stock Analysis - Frequently Asked Questions

How were Diamond Offshore Drilling's earnings last quarter?

Diamond Offshore Drilling Inc (NYSE:DO) posted its quarterly earnings data on Tuesday, August, 6th. The offshore drilling services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. The company's quarterly revenue was down 7.9% compared to the same quarter last year.

Who are Diamond Offshore Drilling's major shareholders?

Top institutional shareholders of Diamond Offshore Drilling include Jane Street Group LLC, Wolverine Trading LLC, Walleye Capital LLC and PEAK6 Investments LLC. Insiders that own company stock include Bernie G Wolford, David L Roland and Dominic A Savarino.
View institutional ownership trends.

What other stocks do shareholders of Diamond Offshore Drilling own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Diamond Offshore Drilling investors own include Meta Platforms (META), Advanced Micro Devices (AMD), NVIDIA (NVDA), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Oil & Gas Drilling
• Current Symbol: NYSE:DO
• CUSIP: 25271C10
• CIK: 949039
• Web: www.diamondoffshore.com
• Phone: 281-492-5300
• Fax: 281-492-5316
• Employees: 2,140
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.00
• High Stock Price Target: $22.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +50.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.44)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 29.77
• P/E Growth: N/A
• Net Income: $-44,710,000.00
• Net Margins: -25.21%
• Pretax Margin: 3.20%
• Return on Equity: -35.74%
• Return on Assets: -14.33%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 1.77
• Quick Ratio: 1.77

Sales & Book Value

• Annual Sales: $1.06 billion
• Price / Sales: 1.37
• Cash Flow: $0.69 per share
• Price / Cash Flow: 20.15
• Book Value: $6.50 per share
• Price / Book: 2.15

Miscellaneous

• Outstanding Shares: 103,210,000
• Free Float: 101,723,000
• Market Cap: $1.44 billion
• Optionable: Optionable
• Beta: 1.39