Diamond Offshore Drilling Company Profile (NYSE:DO)

About Diamond Offshore Drilling

Diamond Offshore Drilling logoDiamond Offshore Drilling, Inc. is engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. Its fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water). Its Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. Its jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of its jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig. Its drillships and semisubmersible rigs include Ocean Greatwhite, Ocean Valor, Ocean Courage, Ocean BlackHornet, Ocean BlackRhino and others. It provides offshore drilling services to oils and gas companies and government-owned oil companies.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Exchange: NYSE
  • Symbol: DO
  • CUSIP: 25271C10
Key Metrics:
  • Previous Close: $18.79
  • 50 Day Moving Average: $22.14
  • 200 Day Moving Average: $22.64
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 17.57
  • P/E Growth: -0.36
  • Market Cap: $2.58B
  • Outstanding Shares: 137,169,000
  • Beta: 1.36
Additional Links:
Companies Related to Diamond Offshore Drilling:

Analyst Ratings

Consensus Ratings for Diamond Offshore Drilling (NYSE:DO) (?)
Ratings Breakdown: 4 Sell Ratings, 17 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 1.96)
Consensus Price Target: $22.16 (17.88% upside)

Analysts' Ratings History for Diamond Offshore Drilling (NYSE:DO)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016Citigroup Inc.Lower Price TargetNeutral$25.00 -> $21.00View Rating Details
8/17/2016Jefferies GroupReiterated RatingHold$22.00View Rating Details
8/16/2016NomuraBoost Price TargetReduce$16.00 -> $17.00View Rating Details
8/13/2016RBC Capital MarketsReiterated RatingSector Perform$29.00 -> $23.00View Rating Details
8/12/2016Royal Bank Of CanadaLower Price TargetSector Perform$29.00 -> $23.00View Rating Details
8/8/2016Barclays PLCBoost Price TargetUnderweight$14.00 -> $15.00View Rating Details
8/3/2016Credit Suisse Group AGReiterated RatingHold$18.00View Rating Details
8/2/2016FBR & CoReiterated RatingSellView Rating Details
6/30/2016Evercore ISIReiterated RatingHoldView Rating Details
6/19/2016Bank of America Corp.Initiated CoverageBuy$34.00 -> $24.32View Rating Details
5/31/2016KLR GroupUpgradeAccumulate -> Buy$33.00View Rating Details
5/3/2016Deutsche Bank AGBoost Price TargetHold$14.00 -> $17.00View Rating Details
5/2/2016BMO Capital MarketsReiterated RatingSellView Rating Details
5/3/2016SimmonsReiterated RatingHold$19.00 -> $19.25View Rating Details
4/11/2016Clarkson CapitalReiterated RatingNeutralView Rating Details
4/12/2016SusquehannaBoost Price Target$20.00 -> $22.00View Rating Details
3/21/2016Cowen and CompanyLower Price Target$21.00 -> $20.00View Rating Details
3/14/2016Seaport Global SecuritiesUpgradeNeutral -> Accumulate$17.00 -> $25.00View Rating Details
3/11/2016Piper Jaffray Cos.UpgradeUnderweight -> Neutral$16.50 -> $19.00View Rating Details
3/11/2016Goldman Sachs Group Inc.UpgradeSell -> Neutral$18.00 -> $24.00View Rating Details
2/9/2016JPMorgan Chase & Co.Boost Price TargetNeutral$19.00 -> $20.00View Rating Details
12/14/2015Howard WeilLower Price Target$26.00 -> $24.00View Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$27.00View Rating Details
11/3/2015Iberia CapitalUpgradeUnderperform -> Sector Perform$18.50 -> $22.00View Rating Details
10/8/2015KeyCorpInitiated CoverageSector WeightView Rating Details
9/1/2015Wells Fargo & Co.UpgradeUnderperform -> Market PerformView Rating Details
8/4/2015ScotiabankReiterated RatingSector Perform$33.00 -> $26.00View Rating Details
2/9/2015Zephirin GroupUpgradeHold -> BuyView Rating Details
2/3/2015Morgan StanleyDowngradeEqual Weight -> Underweight$29.50 -> $27.00View Rating Details
11/3/2014Nordea Equity ResearchLower Price TargetSell -> Strong Sell$30.00 -> $29.00View Rating Details
(Data available from 8/27/2014 forward)

Earnings

Earnings History for Diamond Offshore Drilling (NYSE:DO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
8/1/2016Q216$0.08$0.16$374.17 million$388.75 millionViewListenView Earnings Details
5/2/2016Q116$0.27$0.64$411.98 million$471.00 millionViewListenView Earnings Details
2/8/2016Q415$0.51($1.79)$515.63 million$556.00 millionViewListenView Earnings Details
11/2/2015Q315$0.60$1.01$595.48 million$609.70 millionViewListenView Earnings Details
8/3/2015Q215$0.48$0.66$599.35 million$634.00 millionViewListenView Earnings Details
5/4/2015Q115$0.43$0.50$622.36 million$620.00 millionViewListenView Earnings Details
2/9/2015Q414$0.65$0.72$679.25 million$675.00 millionViewListenView Earnings Details
10/23/2014Q314$0.79$0.38$740.50 million$738.00 millionViewListenView Earnings Details
7/24/2014Q214$0.58$0.58$690.33 million$692.24 millionViewListenView Earnings Details
4/24/2014Q114$0.64$0.93$686.51 million$709.00 millionViewListenView Earnings Details
2/6/2014Q413$0.80$0.67$705.35 million$707.97 millionViewListenView Earnings Details
10/24/2013Q313$1.18$1.22$753.84 million$691.00 millionViewListenView Earnings Details
7/25/2013Q2 2013$1.24$1.33$767.42 billion$758.00 billionViewListenView Earnings Details
4/25/2013Q1 2013$1.16$1.27$712.66 million$730.00 millionViewListenView Earnings Details
2/5/2013Q4 2012$1.10$1.12$740.00 million$751.00 millionViewListenView Earnings Details
10/18/2012$1.02$1.28ViewN/AView Earnings Details
7/19/2012$0.91$1.09ViewN/AView Earnings Details
4/19/2012$1.00$1.33ViewN/AView Earnings Details
2/2/2012$1.00$1.36ViewN/AView Earnings Details
10/20/2011$1.47$1.85ViewN/AView Earnings Details
7/21/2011$1.90$1.92ViewN/AView Earnings Details
4/21/2011$1.43$1.80ViewN/AView Earnings Details
2/3/2011$1.47$1.74ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Diamond Offshore Drilling (NYSE:DO)
Current Year EPS Consensus Estimate: $1.19 EPS
Next Year EPS Consensus Estimate: $1.07 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167($0.07)$0.30$0.17
Q2 20166($0.16)$0.00($0.06)
Q3 20167$0.12$0.22$0.16
Q4 20166$0.07$0.29$0.22
Q1 20173$0.31$0.46$0.40
Q2 20173$0.21$0.38$0.31
Q3 20173$0.22$0.32$0.27
Q4 20174($0.10)$0.18$0.06
Q1 20181$0.10$0.10$0.10
Q2 20181$0.11$0.11$0.11
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Diamond Offshore Drilling (NYSE:DO)
Annual Dividend:$0.13
Dividend Yield:0.69%
Payout Ratio:-2.91% (Based on Trailing 12 Months of Earnings)
10.92% (Based on Current Year Consensus EPS Estimate)
12.15% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:0.00% (3 Year Average)

Dividend History for Diamond Offshore Drilling (NYSE:DO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/2/2015quarterly$0.132.13%11/10/201511/13/201512/1/2015
8/3/2015quarterly$0.132.36%8/12/20158/14/20159/1/2015
5/4/2015quarterly$0.135/13/20155/15/20156/1/2015
2/9/2015quarterly$0.132/18/20152/20/20153/2/2015
10/23/2014special$0.7511/3/201411/5/201412/1/2014
7/24/2014special$0.758/4/20148/6/20149/2/2014
4/24/2014special$0.755/5/20145/7/20146/2/2014
2/6/2014quarterly$0.131.06%2/14/20142/19/20143/3/2014
2/6/2014special$0.751.06%2/14/20142/19/20143/3/2014
10/24/2013quarterly$0.130.82%11/1/201311/5/201312/2/2013
10/24/2013special$0.750.82%11/1/201311/5/201312/2/2013
7/25/2013quarterly$0.130.72%8/2/20138/6/20139/3/2013
7/25/2013special$0.750.72%8/2/20138/6/20139/3/2013
4/26/2013quarterly$0.130.73%5/3/20135/7/20136/3/2013
4/25/2013special$0.750.73%5/3/20135/7/20136/3/2013
2/6/2013quarterly$0.130.68%2/14/20132/19/20133/1/2013
2/5/2013special$0.750.68%2/14/20132/19/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Diamond Offshore Drilling (NYSE:DO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/30/2015Edward GrebowDirectorBuy1,000$25.75$25,750.00View SEC Filing  
3/18/2015Corp LoewsMajor ShareholderBuy218,781$26.61$5,821,762.41View SEC Filing  
3/13/2015Corp LoewsMajor ShareholderBuy685,373$26.58$18,217,214.34View SEC Filing  
12/8/2014Corp LoewsMajor ShareholderBuy289,205$29.70$8,589,388.50View SEC Filing  
12/8/2014Paul G GaffneyDirectorBuy1,000$29.44$29,440.00View SEC Filing  
12/2/2014Corp LoewsMajor ShareholderBuy410,395$29.43$12,077,924.85View SEC Filing  
11/6/2014Corp LoewsMajor ShareholderBuy1,180,000$34.31$40,485,800.00View SEC Filing  
9/15/2014James S TischDirectorSell1,875$39.70$74,437.50View SEC Filing  
6/19/2014Raymond S TroubhDirectorSell1,000$49.41$49,410.00View SEC Filing  
6/16/2014James S TischDirectorSell1,875$49.38$92,587.50View SEC Filing  
5/16/2014William LongVPSell1,252$49.68$62,199.36View SEC Filing  
5/8/2014James TischDirectorSell1,875$52.52$98,475.00View SEC Filing  
3/11/2014Paul GaffneyDirectorBuy2,000$48.00$96,000.00View SEC Filing  
2/14/2014Edward GrebowDirectorBuy3,000$46.52$139,560.00View SEC Filing  
12/13/2013Paul GaffneyDirectorBuy1,000$56.18$56,180.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Diamond Offshore Drilling (NYSE:DO)
DateHeadline
News IconThe Statistics Don't Lie: Diamond Offshore Drilling, Inc. (NYSE:DO) Earnings Preview - The Voice Registrar (NYSE:DO)
voiceregistrar.com - August 25 at 9:56 PM
finance.yahoo.com logoDiamond Offshore draws upside trade (NYSE:DO)
finance.yahoo.com - August 25 at 9:38 AM
News IconAnalysts Valuations For Two Stocks: Diamond Offshore Drilling Inc (NYSE:DO), Tenet Healthcare Corp (NYSE:THC) - The Voice Registrar (NYSE:DO)
voiceregistrar.com - August 24 at 7:23 AM
istreetwire.com logoStocks in Review: Dynegy Inc. (DYN), Diamond Offshore Drilling, Inc. (DO), Deere & Company (DE) - iStreetWire (NYSE:DO)
istreetwire.com - August 18 at 10:01 PM
benzinga.com logoOffshore Drillers Reviewed By Jefferies - Benzinga (NYSE:DO)
www.benzinga.com - August 17 at 4:51 PM
realistinvestor.com logoAnalysts See Diamond Offshore Drilling, Inc. (NYSE:DO) Reporting EPS Of $0.26 (NYSE:DO)
www.realistinvestor.com - August 16 at 4:44 PM
thecountrycaller.com logoTransocean LTD (RIG), Diamond Offshore Drilling Inc (DO) And Others Receive Price Target Cuts From RBC - TCC (NYSE:DO)
www.thecountrycaller.com - August 15 at 10:09 PM
finance.yahoo.com logoDiamond Offshore: Strong Fundamentals Will Take Stock Higher (NYSE:DO)
finance.yahoo.com - August 15 at 4:48 PM
schaeffersresearch.com logoAnalyst Downgrades: Manitowoc Company Inc, Transocean LTD, and Diamond Offshore Drilling Inc - Schaeffers Research (blog) (NYSE:DO)
www.schaeffersresearch.com - August 12 at 4:40 PM
marketnewsvideo.com logoBrinker International Larger Than S&P 500 Component Diamond Offshore Drilling (NYSE:DO)
www.marketnewsvideo.com - August 11 at 10:31 PM
thestreet.com logoThese Oilfield Services Stocks Are Slumping With Price of Oil (NYSE:DO)
www.thestreet.com - August 11 at 8:30 AM
News IconNotable Stock Broker Reports on Diamond Offshore Drilling Inc (NYSE:DO) - The Voice Registrar (NYSE:DO)
voiceregistrar.com - August 10 at 10:52 PM
capitalcube.com logoETF’s with exposure to Diamond Offshore Drilling, Inc. : August 9, 2016 (NYSE:DO)
www.capitalcube.com - August 9 at 3:18 PM
fool.com logoJuly Was a Miserable Month for Offshore Drillers, Here's Why (NYSE:DO)
www.fool.com - August 9 at 1:25 PM
equities.com logoDiamond Offshore Drilling Inc. (DO) Pops 2.8% for August 08 ... - Equities.com (NYSE:DO)
www.equities.com - August 9 at 8:27 AM
equities.com logoDiamond Offshore Drilling Inc. (DO) Pops 2.8% for August 08 (NYSE:DO)
www.equities.com - August 8 at 10:01 PM
fool.com logoMotley Fool Answers: This Is the "New Normal" for Retirement in the U.S. (NYSE:DO)
www.fool.com - August 8 at 4:47 PM
capitalcube.com logoDiamond Offshore Drilling, Inc. :DO-US: Earnings Analysis: Q2, 2016 By the Numbers : August 8, 2016 (NYSE:DO)
www.capitalcube.com - August 8 at 4:47 PM
fortune.com logoAnalyst Ratings On Watch List: Diamond Offshore Drilling Inc (NYSE:DO), Harman International Industries Inc./DE ... - Review Fortune (NYSE:DO)
reviewfortune.com - August 5 at 9:55 PM
finance.yahoo.com logoDIAMOND OFFSHORE DRILLING INC Financials (NYSE:DO)
finance.yahoo.com - August 5 at 4:41 PM
istreetwire.com logoTrader's Buzzers: Diamond Offshore Drilling (DO), MFA Financial (MFA), QLogic (QLGC) - iStreetWire (NYSE:DO)
istreetwire.com - August 4 at 10:23 PM
marketrealist.com logoWhich Oilfield Services Stocks Lead in Short Interest? (NYSE:DO)
marketrealist.com - August 3 at 4:48 PM
streetupdates.com logoLast Analysts Rating Review: Weatherford International plc (NYSE:WFT) , Diamond Offshore Drilling, Inc. (NYSE:DO) - Street Updates (NYSE:DO)
www.streetupdates.com - August 2 at 10:13 PM
News IconStocks Attain Market Attention- Williams Partners (NYSE:WPZ), Diamond Offshore Drilling (NYSE:DO) - Seneca Globe (NYSE:DO)
www.senecaglobe.com - August 2 at 9:29 AM
istreetwire.com logoStocks in Review: National Oilwell Varco, Inc. (NOV), Diamond Offshore Drilling, Inc. (DO), Mondelez International ... - iStreetWire (NYSE:DO)
istreetwire.com - August 2 at 9:29 AM
News IconVigorous Movers' Roundup- Hasbro (NASDAQ:HAS), Diamond Offshore Drilling (NYSE:DO), Diamond Resorts ... - Seneca Globe (NYSE:DO)
www.senecaglobe.com - August 2 at 9:29 AM
nasdaq.com logoDiamond Offshore Drilling Inc. Q2 Profit Drops 75% - Nasdaq (NYSE:DO)
www.nasdaq.com - August 2 at 9:29 AM
marketrealist.com logoWhat You Should Know about Ensco’s New Blend-and-Extend Contracts (NYSE:DO)
marketrealist.com - August 2 at 9:29 AM
zacks.com logoDiamond Offshore (DO) Beats on Q2 Earnings & Revenues (NYSE:DO)
www.zacks.com - August 1 at 4:37 PM
247wallst.com logoHow Impairment Charges Stifled Diamond Offshore Earnings (NYSE:DO)
247wallst.com - August 1 at 4:37 PM
blogs.barrons.com logoDiamond Offshore: If This is the Most Defensive Offshore Driller… (NYSE:DO)
blogs.barrons.com - August 1 at 4:37 PM
nasdaq.com logoDiamond Offshore Drilling Inc. Q2 Profit Drops 75% (NYSE:DO)
www.nasdaq.com - August 1 at 4:37 PM
finance.yahoo.com logoDiamond Offshore Drilling posts 2Q loss (NYSE:DO)
finance.yahoo.com - August 1 at 4:37 PM
seekingalpha.com logoDiamond Offshore Drilling Q2 Report And Fleet Status Update (NYSE:DO)
seekingalpha.com - August 1 at 4:37 PM
News IconDiamond Offshore Drilling Inc (NYSE:DO): Analyst's Estimations - Post Registrar (NYSE:DO)
postregistrar.com - August 1 at 9:31 AM
News IconAnalysts Valuations For Diamond Offshore Drilling Inc (NYSE:DO) - The Voice Registrar (NYSE:DO)
voiceregistrar.com - July 29 at 4:46 PM
ft.com logo[$$] Oil price slide pushes energy stocks down (NYSE:DO)
ad.doubleclick.net - July 29 at 4:11 PM
thestreet.com logoHere's Why Diamond Offshore Drilling Is an Awful Stock Right Now (NYSE:DO)
www.thestreet.com - July 29 at 3:08 PM
finance.yahoo.com logoCalls drill for gains in Diamond Offshore (NYSE:DO)
finance.yahoo.com - July 29 at 3:06 PM
finance.yahoo.com logoWhat's in Store for Oil Drilling Earnings on Aug 1: ATW, DO (NYSE:DO)
finance.yahoo.com - July 29 at 9:34 AM
finance.yahoo.com logoDiamond Offshore (DO): What to Expect in Q2 Earnings? - Yahoo Finance (NYSE:DO)
finance.yahoo.com - July 28 at 3:21 PM
investorplace.com logoTrade of the Day: Diamond Offshore Drilling Inc (NYSE:DO) - Investorplace.com (NYSE:DO)
investorplace.com - July 28 at 3:21 PM
equities.com logoDiamond Offshore Drilling Inc. (DO) Falls 3.13% for July 27 (NYSE:DO)
www.equities.com - July 28 at 9:40 AM
investorplace.com logoTrade of the Day: Diamond Offshore Drilling Inc (NYSE:DO) (NYSE:DO)
investorplace.com - July 28 at 8:33 AM
finance.yahoo.com logoDiamond Offshore Drilling, Inc. (NYSE:DO)
finance.yahoo.com - July 27 at 10:20 PM
nasdaq.com logoDO Crosses Below Key Moving Average Level (NYSE:DO)
www.nasdaq.com - July 27 at 4:46 PM
zacks.com logoDiamond Offshore (DO): What to Expect in Q2 Earnings? (NYSE:DO)
www.zacks.com - July 27 at 9:55 AM
thestreet.com logoEnergy Stocks Such as This Are Dangerous, So Ignore the Optimism (NYSE:DO)
www.thestreet.com - July 26 at 3:42 PM
News IconUpcoming Earnings Report: Diamond Offshore Drilling, Inc. (NYSE:DO) - The Voice Registrar (NYSE:DO)
voiceregistrar.com - July 25 at 3:56 PM
seekingalpha.com logoDiamond Offshore: Improving Offshore Prospects Are Tailwinds (NYSE:DO)
seekingalpha.com - July 25 at 9:21 AM

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Diamond Offshore Drilling (NYSE:DO) Chart for Saturday, August, 27, 2016


Last Updated on 8/27/2016 by MarketBeat.com Staff