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 twelve months. 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 Wall Street analysts have issued 12-month price objectives for Diamond Offshore Drilling's shares. Their DO share price targets range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $20.67 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price.
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Diamond Offshore Drilling saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 4,290,000 shares, a decrease of 11.2% from the April 15th total of 4,830,000 shares. Based on an average daily trading volume, of 1,550,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
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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 analysts' consensus estimates of $0.15 by $1.57. The offshore drilling services provider had revenue of $297.64 million for 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 quarter in the previous year, the business earned ($0.52) earnings per share.

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) and iShares U.S. Oil Equipment & Services ETF (IEZ).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 many different institutional and retail investors. Top institutional shareholders include Edmond DE Rothschild Holding S.A. (2.00%), Assenagon Asset Management S.A. (1.02%), Private Management Group Inc. (0.87%), Hosking Partners LLP (0.74%), Sei Investments Co. (0.15%) and Janney Montgomery Scott LLC (0.10%). Insiders that own company stock include David L Roland and Dominic A Savarino.
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