NYSE:DO - Diamond Offshore Drilling Stock Price, Forecast & News

Diamond Offshore Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "DO."

Diamond Offshore Drilling Inc (NYSE:DO) posted its quarterly earnings data on Monday, October, 28th. The offshore drilling services provider reported ($0.67) earnings per share for the quarter, beating analysts' consensus estimates of ($0.68) by $0.01. The offshore drilling services provider earned $254 million during the quarter, compared to analyst estimates of $244.43 million. Diamond Offshore Drilling had a negative net margin of 38.60% and a negative return on equity of 10.44%. The company's revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) earnings per share. View Diamond Offshore Drilling's Earnings History.

Diamond Offshore Drilling is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Diamond Offshore Drilling.

Diamond Offshore Drilling will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

17 brokers have issued 12-month price targets for Diamond Offshore Drilling's shares. Their forecasts range from $3.50 to $11.00. On average, they expect Diamond Offshore Drilling's share price to reach $7.46 in the next year. This suggests a possible upside of 46.1% from the stock's current price. View Analyst Price Targets 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 4 sell ratings, 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Diamond Offshore Drilling.

News articles about DO stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Diamond Offshore Drilling earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the offshore drilling services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Diamond Offshore Drilling.

Diamond Offshore Drilling saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 33,540,000 shares, an increase of 7.5% from the December 15th total of 31,190,000 shares. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is presently 12.3 days. Approximately 24.4% of the shares of the company are sold short. View Diamond Offshore Drilling's Current Options Chain.

Some companies that are related to Diamond Offshore Drilling include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Nabors Industries (NBR), PARKER DRILLING/SH PAR $ (PKD), Unit (UNT), Pioneer Energy Services (PES) and Vantage Drilling (VTGDF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamond Offshore Drilling investors own include Transocean (RIG), Bank of America (BAC), Intelsat (I), Fossil Group (FOSL), Cabot Oil & Gas (COG), Synergy Pharmaceuticals (SGYP), AMC Entertainment (AMC), Ciena (CIEN), Chaarat Gold (CGH) and Associated British Foods (ABF).

Diamond Offshore Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.85%), Triad Investment Management (0.21%), Foundation Resource Management Inc. (0.21%), CWM Advisors LLC (0.02%), Louisiana State Employees Retirement System (0.02%) and Huntington National Bank (0.01%). Company insiders that own Diamond Offshore Drilling stock include David L Roland, Marc Gerard Rex Edwards, Paul G Gaffney and Scott Lee Kornblau. View Institutional Ownership Trends for Diamond Offshore Drilling.

DO stock was sold by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc. and Louisiana State Employees Retirement System. Company insiders that have sold Diamond Offshore Drilling company stock in the last year include Paul G Gaffney and Scott Lee Kornblau. View Insider Buying and Selling for Diamond Offshore Drilling.

DO stock was acquired by a variety of institutional investors in the last quarter, including Triad Investment Management, Manning & Napier Group LLC, Huntington National Bank, Nisa Investment Advisors LLC and CWM Advisors LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of DO stock can currently be purchased for approximately $5.11.

Diamond Offshore Drilling has a market capitalization of $703.60 million and generates $1.08 billion in revenue each year. The offshore drilling services provider earns $-180,270,000.00 in net income (profit) each year or ($1.17) on an earnings per share basis. Diamond Offshore Drilling employs 2,300 workers across the globe.View Additional Information About Diamond Offshore Drilling.

The official website for Diamond Offshore Drilling is http://www.diamondoffshore.com/.

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]