About Diamond Offshore Drilling (NYSE:DO)
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States and Mexico; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Indonesia and Vietnam; Europe, principally offshore the United Kingdom and Norway; East and West Africa; the Mediterranean, and the Middle East. The Company provides offshore drilling services to a customer base that includes independent oil and gas companies, and government-owned oil companies.
Industry, Sector and Symbol
Industry OIL MACH/SVC/DRILL
Sub-IndustryOil & Gas Drilling
Trailing P/E Ratio111.007929137796
Forward P/E Ratio-62.16
Sales & Book Value
Annual Sales$1.49 billion
Price / Sales1.44
Cash Flow$3.37 per share
Price / Cash4.61
Book Value$27.50 per share
Price / Book0.57
Net Income$18.34 million
Return on Equity2.96%
Return on Assets1.80%
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) posted its quarterly earnings results on Monday, February, 12th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.01. The offshore drilling services provider had revenue of $346.20 million for the quarter, compared to analyst estimates of $331.98 million. Diamond Offshore Drilling had a return on equity of 2.96% and a net margin of 1.23%. The firm's revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. View Diamond Offshore Drilling's Earnings History.
When will Diamond Offshore Drilling make its next earnings announcement?
Where is Diamond Offshore Drilling's stock going? Where will Diamond Offshore Drilling's stock price be in 2018?
19 brokers have issued 12-month price objectives for Diamond Offshore Drilling's shares. Their predictions range from $9.00 to $18.00. On average, they expect Diamond Offshore Drilling's share price to reach $13.30 in the next year. 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 is a leading offshore contract driller with services across the world. Most importantly, operational efficiency of the company’s fleet was 98.8% in the fourth quarter, compared to 94.3% in the third quarter of 2017. This was mainly due to high level of efficiency in ultra deepwater segment. Its shares outperformed the industry in the last six months. The excellent financial health of the company is also noteworthy. However the introduction of new and more stringent regulations following the Gulf of Mexico oil spill has made many projects less profitable. Moreover, the company reported fourth-quarter 2017 adjusted loss of 5 cents per share compared to the Zacks Consensus Estimate of a breakeven. The company reported earnings of 85 cents per share in the year-earlier quarter. The result was affected due to lower dayrates and rig utilization from deepwater floaters, mid-water floaters and jackups." (2/14/2018)
- 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 Patterson-UTI Energy (PTEN), RPC (RES), Weatherford International (WFT), Ocean Rig UDW Inc. New (ORIG), Nabors Industries (NBR), Liberty Oilfield Services (LBRT), Ensco (ESV), McDermott International (MDR), Oceaneering International (OII), Dril-Quip (DRQ), C&J Energy Services (CJ), Rowan Companies (RDC), Oil States International (OIS), Superior Energy Services (SPN), Select Energy Services (WTTR), Forum Energy Technologies (FET), NOW (DNOW) and Exterran Partners (USAC).
Who are Diamond Offshore Drilling's key executives?
Diamond Offshore Drilling's management team includes the folowing people:
- James S. Tisch, Chairman of the Board (Age 64)
- Marc G. R. Edwards, President, Chief Executive Officer, Director (Age 56)
- Scott Kornblau CPA, Acting Chief Financial Officer, Vice President, Treasurer (Age 46)
- Thomas M. Roth, Senior Vice President - Worldwide Operations (Age 61)
- Ronald Woll, Senior Vice President, Chief Commercial Officer (Age 49)
- Beth G. Gordon, Vice President, Controller (Age 61)
- David L. Roland, Senior Vice President, General Counsel, Secretary (Age 55)
- Edward Grebow, Lead Independent Director, Presiding Director (Age 67)
- Kenneth I. Siegel, Director (Age 59)
- Andrew H. Tisch, Director (Age 68)
Has Diamond Offshore Drilling been receiving favorable news coverage?
Headlines about DO stock have trended positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diamond Offshore Drilling earned a news impact score of 0.31 on Accern's scale. They also gave media stories about the offshore drilling services provider an impact score of 46.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Diamond Offshore Drilling's major shareholders?
Diamond Offshore Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.40%), Equity Investment Corp (2.88%), Majedie Asset Management Ltd (1.80%), Horseman Capital Management Ltd (1.46%), Schroder Investment Management Group (1.23%) and Bank of New York Mellon Corp (1.17%). Company insiders that own Diamond Offshore Drilling stock include Charles Fabrikant and Paul G Gaffney. View Institutional Ownership Trends for Diamond Offshore Drilling.
Which institutional investors are selling Diamond Offshore Drilling stock?
DO stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Equity Investment Corp, Pastel & Associes SA, Stoneridge Investment Partners LLC, Horseman Capital Management Ltd, Tensile Capital Management LLC, BlackRock Inc. and Majedie Asset Management Ltd. View Insider Buying and Selling for Diamond Offshore Drilling.
Which institutional investors are buying Diamond Offshore Drilling stock?
DO stock was purchased by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Gotham Asset Management LLC, Brandywine Global Investment Management LLC, Orbis Allan Gray Ltd, American Century Companies Inc., Robeco Institutional Asset Management B.V., First Trust Advisors LP and California Public Employees Retirement System. 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 $15.54.
How big of a company is Diamond Offshore Drilling?
Diamond Offshore Drilling has a market capitalization of $2.13 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 $0.14 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 (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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Diamond Offshore Drilling (NYSE:DO) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||1.53||1.57||1.76||1.81|
|Ratings Breakdown: ||10 Sell Rating(s)|
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|10 Sell Rating(s)|
10 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|7 Sell Rating(s)|
12 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|7 Sell Rating(s)|
11 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$13.30||$13.97||$14.49||$14.37|
|Price Target Upside: ||14.41% downside||1.70% downside||21.04% downside||7.82% upside|
Diamond Offshore Drilling (NYSE:DO) Consensus Price Target History
Diamond Offshore Drilling (NYSE:DO) Analyst Ratings History
(Data available from 3/24/2016 forward)
Diamond Offshore Drilling (NYSE:DO) Earnings History and Estimates Chart
Diamond Offshore Drilling (NYSE DO) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/12/2018||Q4 2017||($0.06)||($0.05)||$331.98 million||$346.20 million||View||Listen|
|10/30/2017||Q3 2017||$0.20||$0.25||$365.38 million||$366.02 million||View||N/A|
|7/31/2017||Q2 17||$0.24||$0.45||$381.50 million||$399.30 million||View||N/A|
|5/1/2017||Q1 2017||$0.12||$0.17||$366.03 million||$374.22 million||View||Listen|
|2/13/2017||Q416||$0.13||$0.27||$358.09 million||$391.87 million||View||Listen|
|10/31/2016||Q316||$0.07||$0.10||$365.03 million||$349.20 million||View||Listen|
|8/1/2016||Q216||$0.08||$0.16||$374.17 million||$388.75 million||View||Listen|
|5/2/2016||Q116||$0.27||$0.64||$411.98 million||$471.00 million||View||Listen|
|2/8/2016||Q415||$0.54||($1.79)||$515.63 million||$556.00 million||View||Listen|
|11/2/2015||Q315||$0.60||$1.01||$595.48 million||$609.70 million||View||Listen|
|8/3/2015||Q215||$0.48||$0.66||$599.35 million||$634.00 million||View||Listen|
|5/4/2015||Q115||$0.43||$0.50||$622.36 million||$620.00 million||View||Listen|
|2/9/2015||Q414||$0.66||$0.72||$679.25 million||$675.00 million||View||Listen|
|10/23/2014||Q314||$0.77||$0.96||$740.50 million||$738.00 million||View||Listen|
|7/24/2014||Q214||$0.58||$0.66||$690.33 million||$692.24 million||View||Listen|
|4/24/2014||Q114||$0.67||$0.93||$686.51 million||$709.00 million||View||Listen|
|2/6/2014||Q413||$0.80||$0.67||$705.35 million||$707.97 million||View||Listen|
|10/24/2013||Q313||$1.18||$1.22||$753.84 million||$691.00 million||View||Listen|
|7/25/2013||Q2 2013||$1.24||$1.33||$767.42 billion||$758.00 billion||View||Listen|
|4/25/2013||Q1 2013||$1.16||$1.27||$712.66 million||$730.00 million||View||Listen|
|2/5/2013||Q4 2012||$1.10||$1.12||$740.00 million||$751.00 million||View||Listen|
Diamond Offshore Drilling (NYSE:DO) Earnings Estimates
2018 EPS Consensus Estimate: ($0.26)
2019 EPS Consensus Estimate: ($0.30)
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Diamond Offshore Drilling (NYSE:DO) Dividend Information
|Most Recent Dividend:||12/1/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Diamond Offshore Drilling (NYSE:DO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Diamond Offshore Drilling (NYSE DO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.03%
Diamond Offshore Drilling (NYSE DO) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/28/2017||Charles Fabrikant||Director||Sell||1,500||$18.55||$27,825.00|| |
|12/28/2017||Charles Fabrikant||Director||Sell||1,500||$18.55||$27,825.00||1,000|| |
|5/22/2017||Paul G Gaffney||Director||Buy||4,000||$13.67||$54,680.00|| |
|6/30/2015||Edward Grebow||Director||Buy||1,000||$25.75||$25,750.00|| |
|3/18/2015||Corp Loews||Major Shareholder||Buy||218,781||$26.61||$5,821,762.41|| |
|3/13/2015||Corp Loews||Major Shareholder||Buy||685,373||$26.58||$18,217,214.34|| |
|12/8/2014||Corp Loews||Major Shareholder||Buy||289,205||$29.70||$8,589,388.50|| |
|12/8/2014||Paul G Gaffney||Director||Buy||1,000||$29.44||$29,440.00|| |
|12/2/2014||Corp Loews||Major Shareholder||Buy||410,395||$29.43||$12,077,924.85|| |
|11/6/2014||Corp Loews||Major Shareholder||Buy||1,180,000||$34.31||$40,485,800.00|| |
|9/15/2014||James S Tisch||Director||Sell||1,875||$39.70||$74,437.50|| |
|6/19/2014||Raymond S Troubh||Director||Sell||1,000||$49.41||$49,410.00|| |
|6/16/2014||James S Tisch||Director||Sell||1,875||$49.38||$92,587.50|| |
|5/16/2014||William Long||VP||Sell||1,252||$49.68||$62,199.36|| |
|5/8/2014||James Tisch||Director||Sell||1,875||$52.52||$98,475.00|| |
|3/11/2014||Paul Gaffney||Director||Buy||2,000||$48.00||$96,000.00||4,000|| |
|2/14/2014||Edward Grebow||Director||Buy||3,000||$46.52||$139,560.00||3,000|| |
|12/13/2013||Paul Gaffney||Director||Buy||1,000||$56.18||$56,180.00||2,000|| |
Diamond Offshore Drilling (NYSE DO) News Headlines
Diamond Offshore Drilling (NYSE:DO) SEC Filings
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Diamond Offshore Drilling (NYSE:DO) Income Statement, Balance Sheet and Cash Flow Statement
Diamond Offshore Drilling (NYSE DO) Stock Chart for Saturday, March, 24, 2018