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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DO shares.
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3 brokers have issued 12 month price objectives for Diamond Offshore Drilling's shares. Their DO share price targets range from $20.00 to $21.00. On average, they expect the company's share price to reach $20.33 in the next year. This suggests a possible upside of 58.1% from the stock's current price.
View analysts price targets for DO or view top-rated stocks among Wall Street analysts.

Diamond Offshore Drilling saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,220,000 shares, a decline of 7.3% from the March 15th total of 4,550,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 4.2% of the shares of the stock are sold short.
View Diamond Offshore Drilling's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Diamond Offshore Drilling will be holding an earnings conference call on Wednesday, May 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Diamond Offshore Drilling Inc (NYSE:DO) posted its quarterly earnings results on Tuesday, February, 27th. The offshore drilling services provider reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $1.57. The offshore drilling services provider earned $297.64 million during the quarter, compared to analysts' expectations of $292 million. Diamond Offshore Drilling had a negative net margin of 4.23% and a negative trailing twelve-month return on equity of 5.04%. During the same period in the prior year, the company earned ($0.52) EPS.

ETFs with the largest weight of Diamond Offshore Drilling (NYSE:DO) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco Dorsey Wright Energy Momentum ETF (PXI), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS).iShares Micro-Cap ETF (IWC).

34 employees have rated Diamond Offshore Drilling Chief Executive Officer Marc Edwards on Glassdoor.com. Marc Edwards has an approval rating of 25% among the company's employees. This puts Marc Edwards in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamond Offshore Drilling investors own include Bank of America (BAC), Transocean (RIG), Intelsat (I), Cabot Oil & Gas (COG), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Synergy Pharmaceuticals (SGYP), Chaarat Gold (CGH) and Associated British Foods (ABF).

Diamond Offshore Drilling's stock is owned by a number of institutional and retail investors. Top institutional investors include Maryland Capital Advisors Inc. (0.00%). Insiders that own company stock include David L Roland and Dominic A Savarino.
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