Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:DO
CUSIP25271C10
Phone281-492-5300
Debt
Debt-to-Equity Ratio0.53
Current Ratio4.23
Quick Ratio4.23
Price-To-Earnings
Trailing P/E Ratio19.60
Forward P/E Ratio-14.84
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.49 billion
Price / Sales1.47
Cash Flow$2.8978 per share
Price / Cash5.48
Book Value$27.50 per share
Price / Book0.58
Profitability
EPS (Most Recent Fiscal Year)$0.82
Net Income$18.34 million
Net Margins-5.57%
Return on Equity-1.06%
Return on Assets-0.64%
Miscellaneous
Employees2,400
Outstanding Shares137,430,000
Market Cap$2.53 billion
Diamond Offshore Drilling (NYSE:DO) Frequently Asked Questions
What is Diamond Offshore Drilling's stock symbol?
Diamond Offshore Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "DO."
How were Diamond Offshore Drilling's earnings last quarter?
Diamond Offshore Drilling Inc (NYSE:DO) released its quarterly earnings data on Monday, July, 30th. The offshore drilling services provider reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.06. The offshore drilling services provider earned $268.90 million during the quarter, compared to analysts' expectations of $279.83 million. Diamond Offshore Drilling had a negative net margin of 5.57% and a negative return on equity of 1.06%. The firm's quarterly revenue was down 32.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. View Diamond Offshore Drilling's Earnings History.
When is Diamond Offshore Drilling's next earnings date?
What price target have analysts set for DO?
17 brokerages have issued twelve-month target prices for Diamond Offshore Drilling's shares. Their forecasts range from $9.00 to $26.00. On average, they expect Diamond Offshore Drilling's share price to reach $15.5714 in the next year. This suggests that the stock has a possible downside of 2.2%. View Analyst Price Targets for Diamond Offshore Drilling.
What is the consensus analysts' recommendation for Diamond Offshore Drilling?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 8 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Diamond Offshore Drilling.
What are Wall Street analysts saying about Diamond Offshore Drilling stock?
Here are some recent quotes from research analysts about Diamond Offshore Drilling stock:
- 1. According to Zacks Investment Research, "Diamond Offshore’s technologically advanced and versatile drilling fleet enables it to stay ahead of its peers in a market, where offshore rig demand is expected to surge through 2025. At the end of the second quarter of 2018, the company had a total contracted backlog of $2.2 billion, reflecting 23 rig years of work. This not only reflects steady demand from clients but also offers an unmatched level of earnings and cash flow visibility. The cost-control initiatives of Diamond Offshore are also promising. However, the companyis facing pressure on top line. While oil prices have improved over the last year, the company’s revenues have failed to register a positive change. In the trailing 12 months the company’s revenues fell 14.1%. It has also expressed concern relating to reduced EBITDA margin as customers try to seal the deal at the ongoing rates for future works. Therefore a cautious stance should be maintained on the stock." (8/10/2018)
- 2. FBR & Co analysts commented, "This morning, October 30, 2017, DO reported 3Q17 earnings and released its latest fleet status report. GAAP EPS came in at $0.08. Excluding an after-tax loss of $0.17/ share related to debt refinancing, the company’s recurring EPS was $0.25, beating the Street’s estimate of $0.19. DO’s revenue for the quarter of $366.0 million was led by beats in Ultra-Deepwater Floaters ($275.9 million vs. $267.2 million) and Deepwater Floaters ($35.6 million vs. $34.1 million). Turning to the FSR, DO announced additional terms for the Ocean Apex in Australia and for the Ocean Patriot in the North Sea." (10/30/2017)
Who are some of Diamond Offshore Drilling's key competitors?
Some companies that are related to Diamond Offshore Drilling include Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN), Ensco (ESV), Ocean Rig UDW (ORIG), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Seadrill Partners (SDLP), Pioneer Energy Services (PES) and Independence Contract Drilling (ICD).
Who are Diamond Offshore Drilling's key executives?
Diamond Offshore Drilling's management team includes the folowing people:
- Mr. Marc Gerard Rex Edwards, Pres, CEO & Director (Age 57)
- Mr. Scott Lee Kornblau, VP, Acting CFO & Treasurer (Age 47)
- Mr. Thomas M. Roth, Sr. VP of Worldwide Operations (Age 62)
- Mr. David Lynn Roland, Sr. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Ronald Woll, Sr. VP & Chief Commercial Officer (Age 50)
Has Diamond Offshore Drilling been receiving favorable news coverage?
Media coverage about DO stock has been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news stories about the offshore drilling services provider an impact score of 46.32 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Diamond Offshore Drilling.
Who are Diamond Offshore Drilling's major shareholders?
Diamond Offshore Drilling's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.06%), Contrarius Investment Management Ltd (6.02%), FMR LLC (3.97%), Manning & Napier Group LLC (2.25%), Dimensional Fund Advisors LP (2.20%) and Wells Fargo & Company MN (1.22%). Company insiders that own Diamond Offshore Drilling stock include Charles Fabrikant, David L Roland, Marc Gerard Rex Edwards and Paul G Gaffney. View Institutional Ownership Trends for Diamond Offshore Drilling.
Which major investors are selling Diamond Offshore Drilling stock?
DO stock was sold by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, California Public Employees Retirement System, BlackRock Inc., Marshall Wace LLP, Pastel & Associes SA, Hikari Power Ltd, Federated Investors Inc. PA and James Investment Research Inc.. Company insiders that have sold Diamond Offshore Drilling company stock in the last year include Charles Fabrikant, David L Roland and Marc Gerard Rex Edwards. View Insider Buying and Selling for Diamond Offshore Drilling.
Which major investors are buying Diamond Offshore Drilling stock?
DO stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Wells Fargo & Company MN, Schwab Charles Investment Management Inc., Dorsey Wright & Associates, Bank of America Corp DE, Canada Pension Plan Investment Board, Employees Retirement System of Texas and Renaissance Technologies LLC. View Insider Buying and Selling for Diamond Offshore Drilling.
How do I buy shares of Diamond Offshore Drilling?
Shares of DO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Diamond Offshore Drilling's stock price today?
One share of DO stock can currently be purchased for approximately $15.92.
How big of a company is Diamond Offshore Drilling?
Diamond Offshore Drilling has a market capitalization of $2.53 billion and generates $1.49 billion in revenue each year. The offshore drilling services provider earns $18.34 million in net income (profit) each year or $0.82 on an earnings per share basis. Diamond Offshore Drilling employs 2,400 workers across the globe.
How can I contact Diamond Offshore Drilling?
Diamond Offshore Drilling's mailing address is 15415 KATY FREEWAY, HOUSTON TX, 77094. The offshore drilling services provider can be reached via phone at 281-492-5300 or via email at [email protected]
MarketBeat Community Rating for Diamond Offshore Drilling (NYSE DO)
MarketBeat's community ratings are surveys of what our community members think about Diamond Offshore Drilling and other stocks. Vote "Outperform" if you believe DO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DO will underperform the S&P 500 over the long term. You may vote once every thirty days.
