Should I buy or sell Diamond Offshore Drilling stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DO shares. View DO analyst ratings or view top-rated stocks .

What is Diamond Offshore Drilling's stock price target for 2024?

3 Wall Street analysts have issued 12-month target prices for Diamond Offshore Drilling's stock. Their DO share price targets range from $20.00 to $20.00. On average, they expect the company's share price to reach $20.00 in the next year. This suggests a possible upside of 51.6% from the stock's current price. View analysts price targets for DO or view top-rated stocks among Wall Street analysts .

Are investors shorting Diamond Offshore Drilling?

Diamond Offshore Drilling saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,440,000 shares, an increase of 39.4% from the October 31st total of 1,750,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 1.8 days. Approximately 2.4% of the shares of the company are sold short. View Diamond Offshore Drilling's Short Interest .

When is Diamond Offshore Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our DO earnings forecast .

How were Diamond Offshore Drilling's earnings last quarter?

Diamond Offshore Drilling Inc (NYSE:DO) released its quarterly earnings results on Monday, November, 6th. The offshore drilling services provider reported ($1.36) EPS for the quarter. The offshore drilling services provider had revenue of $244.96 million for the quarter. Diamond Offshore Drilling had a net margin of 4.95% and a trailing twelve-month return on equity of 7.09%.

What ETFs hold Diamond Offshore Drilling's stock?

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) , Strategas Macro Thematic Opportunities ETF (SAMT) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , iShares U.S. Oil Equipment & Services ETF (IEZ) , AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) , First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS) . iShares Micro-Cap ETF (IWC) .

What is Marc Edwards' approval rating as Diamond Offshore Drilling's CEO?

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.

What other stocks do shareholders of Diamond Offshore Drilling own?

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) .

Who are Diamond Offshore Drilling's major shareholders?

Diamond Offshore Drilling's stock is owned by a variety of institutional and retail investors. Top institutional investors include KGH Ltd (6.35%), Wellington Management Group LLP (4.24%), Victory Capital Management Inc. (3.27%), Shenkman Capital Management Inc. (2.23%), Highland Peak Capital LLC (1.60%) and FMR LLC (1.48%). View institutional ownership trends .

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

Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $12.75
▼
$13.29
50-Day Range: $0.73
▼
$0.94
52-Week Range: $0.67
▼
$11.41

Volume: 1.35 million shs
Average Volume: 1.32 million shs
Market Capitalization: $1.35 billion

P/E Ratio: 31.42
Dividend Yield: N/A
Price Target: $20.00

Diamond Offshore Drilling MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.6% Upside
$20.00 Price Target
Short Interest: Healthy
2.42% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Selling Shares
$65,050 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Oils/Energy Sector

165th out of 238 stocks

Drilling Oil & Gas Wells Industry

8th out of 12 stocks

3.5

Analyst's Opinion

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 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Diamond Offshore Drilling has a forecasted upside of 51.6% from its current price of $13.20.
Amount of Analyst Coverage
Diamond Offshore Drilling has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.42% of the float of Diamond Offshore Drilling has been sold short.
Short Interest Ratio / Days to Cover
Diamond Offshore Drilling has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Diamond Offshore Drilling has recently increased by 39.43%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DO.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Diamond Offshore Drilling this week, compared to 0 articles on an average week.
Search Interest
10 people have searched for DO on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Diamond Offshore Drilling to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

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 $65,050.00 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
89.22% 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.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Diamond Offshore Drilling is 31.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Diamond Offshore Drilling is 31.42, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.02.
Price to Book Value per Share Ratio
Diamond Offshore Drilling has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Diamond Offshore Drilling Stock (NYSE:DO)

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.

November 28, 2023 | msn.com

Diamond Offshore on the rise as Capital One starts at Overweight

November 13, 2023 | finance.yahoo.com

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT

December 1, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

November 8, 2023 | finance.yahoo.com

Diamond Offshore Drilling, Inc. (NYSE:DO) Q3 2023 Earnings Call Transcript

November 7, 2023 | msn.com

Valaris, Diamond Offshore CEOs see tightening offshore drilling rig market

November 7, 2023 | finance.yahoo.com

Diamond Offshore Drilling Inc (DO) Reports Q3 2023 Results and Announces Contract Awards of ...

November 6, 2023 | finance.yahoo.com

Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million

October 17, 2023 | finance.yahoo.com

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2023 RESULTS

December 1, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

October 9, 2023 | uk.style.yahoo.com

Diamond Offshore Drilling, Inc.'s (NYSE:DO) Intrinsic Value Is Potentially 55% Above Its Share Price

September 12, 2023 | finance.yahoo.com

Diamond Offshore Announces $500 Million Private Placement of Senior Secured Second Lien Notes Due 2030

August 8, 2023 | finanznachrichten.de

Diamond Offshore Drilling, Inc.: Diamond Offshore Reports Second Quarter 2023 Results

August 8, 2023 | finance.yahoo.com

Diamond Offshore Reports Second Quarter 2023 Results

August 5, 2023 | seekingalpha.com

Diamond Offshore Drilling: Priced For Growth And Perfection

July 27, 2023 | baystreet.ca

Offshore Oil Stocks Flying As Investors Bet On A Deep Water Boom

July 18, 2023 | finance.yahoo.com

DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2023 RESULTS

July 18, 2023 | finance.yahoo.com

DO - Diamond Offshore Drilling, Inc.

July 12, 2023 | gurufocus.com

KGH Ltd Acquires Significant Stake in Diamond Offshore Drilling Inc

June 11, 2023 | finance.yahoo.com

Why Investors Shouldn't Be Surprised By Diamond Offshore Drilling, Inc.'s (NYSE:DO) P/S

June 2, 2023 | msn.com

Diamond Offshore shrinks headquarters footprint as it recommits to Houston's Energy Corridor

June 1, 2023 | bizjournals.com

In Energy Corridor, Diamond Offshore leaves longtime HQ for Eldridge office campus

May 29, 2023 | benzinga.com

Diamond Offshore Drilling Stock (NYSE:DO), Insider Trading Activity

May 25, 2023 | finance.yahoo.com

ChampionX Stock Among Oil Leaders, Earns Strength Rating Upgrade

May 10, 2023 | finanznachrichten.de

Diamond Offshore Drilling, Inc.: Diamond Offshore Reports First Quarter 2023 Results and Announces Contract Awards of $212 Million

May 8, 2023 | finance.yahoo.com

Diamond Offshore Reports First Quarter 2023 Results and Announces Contract Awards of $212 Million

May 7, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Diamond Offshore Drilling's earnings report

April 29, 2023 | marketwatch.com

8-K: DIAMOND OFFSHORE DRILLING, INC.

See More Headlines

Receive DO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Diamond Offshore Drilling and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 11/06/2023
Today: 12/01/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Drilling oil & gas wells
Sub-Industry: Oil & Gas Drilling
Sector: Oils/Energy
Current Symbol: NYSE:DO
CUSIP: 25271C10
CIK: 949039
Web: www.diamondoffshore.com
Phone: 281-492-5300
Fax: 281-492-5316
Employees: 2,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.00
High Stock Price Target: $20.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +51.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.42
Trailing P/E Ratio: 31.42
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-103,210,000.00
Net Margins: 4.95%
Pretax Margin: -7.04%
Return on Equity: 7.09%
Return on Assets: 3.30%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 1.84
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $841.28 million
Price / Sales: 1.60
Cash Flow: $0.00 per share
Price / Cash Flow: 4,787.25
Book Value: $7.69 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 102,320,000
Free Float: 101,565,000
Market Cap: $1.35 billion
Optionable: Optionable
Beta: 1.60

Beginner's Guide to Pot Stock Investing

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Key Executives

Mr. Ronald Woll (Age 54)
Exec. VP & COO
Comp: $2.72M
Mr. Dominic A. Savarino (Age 51)
VP & Chief Accounting and Tax Officer
Comp: $983.92k
Mr. David Lynn Roland (Age 60)
Sr. VP, Gen. Counsel & Sec.
Comp: $1.11M
Mr. Bernie G. Wolford (Age 62)
Pres, CEO & Director
Mr. Tim Osburn
Chief Information Officer
Samir Ali
VP of Investor Relations & Corp. Devel.
Mr. Aaron Sobel
VP of HR
Mr. Karl S. Sellers
Sr. VP of Technical Services
Mr. Jon L. Richards (Age 48)
Sr. VP of Worldwide Operations
Mr. Stephen Glenn Elwood
Sr. VP of Tax

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DO Stock Analysis - Frequently Asked Questions

Should I buy or sell Diamond Offshore Drilling stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DO shares.
View DO analyst ratings or view top-rated stocks.
What is Diamond Offshore Drilling's stock price target for 2024?: 3 Wall Street analysts have issued 12-month target prices for Diamond Offshore Drilling's stock. Their DO share price targets range from $20.00 to $20.00. On average, they expect the company's share price to reach $20.00 in the next year. This suggests a possible upside of 51.6% from the stock's current price.
View analysts price targets for DO or view top-rated stocks among Wall Street analysts.
Are investors shorting Diamond Offshore Drilling?: Diamond Offshore Drilling saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,440,000 shares, an increase of 39.4% from the October 31st total of 1,750,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 1.8 days. Approximately 2.4% of the shares of the company are sold short.
View Diamond Offshore Drilling's Short Interest.
When is Diamond Offshore Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our DO earnings forecast.
How were Diamond Offshore Drilling's earnings last quarter?: Diamond Offshore Drilling Inc (NYSE:DO) released its quarterly earnings results on Monday, November, 6th. The offshore drilling services provider reported ($1.36) EPS for the quarter. The offshore drilling services provider had revenue of $244.96 million for the quarter. Diamond Offshore Drilling had a net margin of 4.95% and a trailing twelve-month return on equity of 7.09%.

What ETFs hold Diamond Offshore Drilling's stock?: 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), Strategas Macro Thematic Opportunities ETF (SAMT), Invesco Dorsey Wright Energy Momentum ETF (PXI), iShares U.S. Oil Equipment & Services ETF (IEZ), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS).iShares Micro-Cap ETF (IWC).
What is Marc Edwards' approval rating as Diamond Offshore Drilling's CEO?: 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.
What other stocks do shareholders of Diamond Offshore Drilling own?: 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).
Who are Diamond Offshore Drilling's major shareholders?: Diamond Offshore Drilling's stock is owned by a variety of institutional and retail investors. Top institutional investors include KGH Ltd (6.35%), Wellington Management Group LLP (4.24%), Victory Capital Management Inc. (3.27%), Shenkman Capital Management Inc. (2.23%), Highland Peak Capital LLC (1.60%) and FMR LLC (1.48%).
View institutional ownership trends.

This page (NYSE:DO) was last updated on 12/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Diamond Offshore Drilling MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Diamond Offshore Drilling Stock (NYSE:DO)

DO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

DO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™